Gilman Hill Asset Management LLC Invests $222,000 in GE Aerospace (NYSE:GE)

Gilman Hill Asset Management LLC acquired a new stake in shares of GE Aerospace (NYSE:GE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,111 shares of the company's stock, valued at approximately $222,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC boosted its holdings in GE Aerospace by 26.2% in the fourth quarter. Truvestments Capital LLC now owns 236 shares of the company's stock worth $39,000 after acquiring an additional 49 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE raised its position in shares of GE Aerospace by 17.6% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company's stock valued at $56,000 after purchasing an additional 50 shares during the last quarter. Ballast Advisors LLC boosted its stake in GE Aerospace by 2.5% in the 4th quarter. Ballast Advisors LLC now owns 2,093 shares of the company's stock worth $349,000 after purchasing an additional 51 shares in the last quarter. Blue Barn Wealth LLC grew its position in GE Aerospace by 3.8% during the 4th quarter. Blue Barn Wealth LLC now owns 1,466 shares of the company's stock worth $245,000 after purchasing an additional 54 shares during the last quarter. Finally, First Heartland Consultants Inc. grew its position in GE Aerospace by 1.2% during the 4th quarter. First Heartland Consultants Inc. now owns 4,729 shares of the company's stock worth $789,000 after purchasing an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Insider Transactions at GE Aerospace

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

Analyst Ratings Changes

GE has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. UBS Group raised their target price on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Citigroup dropped their price target 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. Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Finally, Royal Bank of Canada raised their price objective on GE Aerospace from $220.00 to $275.00 and gave the stock an "outperform" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $221.15.

GE Aerospace Stock Up 0.3%

GE Aerospace stock opened at $251.73 on Friday. The business's 50-day moving average price is $208.91 and its 200 day moving average price is $195.55. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The firm has a market cap of $268.44 billion, a price-to-earnings ratio of 42.03, a price-to-earnings-growth ratio of 2.59 and a beta of 1.38. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $253.42.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.29 by $0.20. The business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. As a group, sell-side analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace 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.

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