WD Rutherford LLC Grows Position in GE Aerospace (NYSE:GE)

WD Rutherford LLC raised its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 5.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,753 shares of the company's stock after buying an additional 1,114 shares during the period. GE Aerospace comprises approximately 2.0% of WD Rutherford LLC's holdings, making the stock its 21st largest position. WD Rutherford LLC's holdings in GE Aerospace were worth $3,853,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. New Age Alpha Advisors LLC lifted its position in GE Aerospace by 133.3% during the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock valued at $25,000 after purchasing an additional 84 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. purchased a new position in shares of GE Aerospace during the 4th quarter valued at about $28,000. Putney Financial Group LLC bought a new position in shares of GE Aerospace during the 4th quarter valued at approximately $28,000. CBIZ Investment Advisory Services LLC bought a new position in shares of GE Aerospace during the 4th quarter valued at approximately $29,000. Finally, Copia Wealth Management increased its holdings in GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after acquiring an additional 142 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

GE Aerospace Price Performance

Shares of GE Aerospace stock traded up $3.02 during trading on Friday, reaching $238.91. 9,076,597 shares of the stock traded hands, compared to its average volume of 5,429,816. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $257.47. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.08 and a quick ratio of 0.77. The business has a fifty day simple moving average of $220.79 and a two-hundred day simple moving average of $199.75. The company has a market capitalization of $254.78 billion, a price-to-earnings ratio of 37.16, a P/E/G ratio of 2.85 and a beta of 1.38.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.20. GE Aerospace had a return on equity of 29.15% and a net margin of 17.63%. The business had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.06 billion. Sell-side analysts expect that GE Aerospace will post 5.4 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. UBS Group lifted their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Wells Fargo & Company lifted their target price on shares of GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Citigroup dropped their target price on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Royal Bank Of Canada set a $275.00 price target on GE Aerospace and gave the company an "outperform" rating in a report on Tuesday, June 3rd. Finally, Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $221.15.

Insider Activity

In other news, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following the completion of the transaction, the vice president now owns 11,540 shares in the company, valued at approximately $2,270,264.20. The trade was a 26.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total value of $321,473.34. Following the sale, the senior vice president now owns 8,805 shares in the company, valued at $1,766,899.35. The trade was a 15.39% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company's stock.

GE Aerospace Company Profile

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.