Secure Asset Management LLC Has $616,000 Position in GE Aerospace (NYSE:GE)

Secure Asset Management LLC lowered its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 52.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,076 shares of the company's stock after selling 3,326 shares during the quarter. Secure Asset Management LLC's holdings in GE Aerospace were worth $616,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sendero Wealth Management LLC boosted its holdings in GE Aerospace by 526.6% in the first quarter. Sendero Wealth Management LLC now owns 15,008 shares of the company's stock valued at $3,004,000 after acquiring an additional 12,613 shares during the last quarter. Chung Wu Investment Group LLC acquired a new position in GE Aerospace during the 4th quarter valued at about $795,000. National Bank of Canada FI boosted its stake in shares of GE Aerospace by 2.9% in the 4th quarter. National Bank of Canada FI now owns 1,064,417 shares of the company's stock valued at $177,535,000 after purchasing an additional 29,844 shares during the last quarter. National Pension Service boosted its stake in shares of GE Aerospace by 1.7% in the 4th quarter. National Pension Service now owns 2,254,637 shares of the company's stock valued at $376,051,000 after purchasing an additional 37,884 shares during the last quarter. Finally, FourThought Financial Partners LLC acquired a new stake in shares of GE Aerospace during the 4th quarter worth approximately $507,000. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Trading Up 1.5%

NYSE:GE traded up $3.79 on Friday, reaching $255.71. The company's stock had a trading volume of 5,792,957 shares, compared to its average volume of 5,365,423. The business's 50-day moving average price is $208.91 and its two-hundred day moving average price is $195.55. GE Aerospace has a 1-year low of $150.20 and a 1-year high of $257.41. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The firm has a market cap of $272.69 billion, a PE ratio of 42.69, a PEG ratio of 2.59 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 net margin of 14.31% and a return on equity of 22.19%. The company had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.06 billion. Equities research analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP Robert M. Giglietti sold 4,104 shares of the company's stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $196.73, for a total transaction of $807,379.92. Following the completion of the transaction, the vice president now directly owns 11,540 shares of the company's stock, valued at $2,270,264.20. This represents a 26.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total value of $321,473.34. Following the transaction, the senior vice president now owns 8,805 shares of the company's stock, valued at approximately $1,766,899.35. The trade was a 15.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on GE shares. Wells Fargo & Company increased their price objective on shares of GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Royal Bank of Canada set a $275.00 price objective on GE Aerospace and gave the stock an "outperform" rating in a research note on Tuesday. Citigroup cut their target price on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, Redburn Atlantic assumed coverage on GE Aerospace in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 target price for the company. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $221.15.

About GE Aerospace

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.