Heck Capital Advisors LLC Acquires Shares of 4,060 GE Aerospace (NYSE:GE)

Heck Capital Advisors LLC purchased a new position in shares of GE Aerospace (NYSE:GE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 4,060 shares of the company's stock, valued at approximately $677,000.

Several other hedge funds have also recently added to or reduced their stakes in GE. Chung Wu Investment Group LLC bought a new position in shares of GE Aerospace during the 4th quarter worth about $795,000. National Bank of Canada FI boosted its position in shares of GE Aerospace by 2.9% during the 4th quarter. National Bank of Canada FI now owns 1,064,417 shares of the company's stock worth $177,535,000 after purchasing an additional 29,844 shares in the last quarter. National Pension Service boosted its position in shares of GE Aerospace by 1.7% during the 4th quarter. National Pension Service now owns 2,254,637 shares of the company's stock worth $376,051,000 after purchasing an additional 37,884 shares in the last quarter. FourThought Financial Partners LLC bought a new position in shares of GE Aerospace during the 4th quarter worth about $507,000. Finally, Invesco Ltd. boosted its position in shares of GE Aerospace by 14.4% during the 4th quarter. Invesco Ltd. now owns 9,544,757 shares of the company's stock worth $1,591,970,000 after purchasing an additional 1,204,910 shares in the last quarter. Institutional investors own 74.77% of the company's stock.

GE Aerospace Price Performance

Shares of GE Aerospace stock traded up $8.85 during trading on Tuesday, hitting $241.64. The stock had a trading volume of 7,158,753 shares, compared to its average volume of 5,344,810. The firm has a market cap of $257.68 billion, a price-to-earnings ratio of 40.34, a P/E/G ratio of 2.59 and a beta of 1.31. GE Aerospace has a 12 month low of $150.20 and a 12 month high of $242.47. The business's 50-day moving average is $202.30 and its 200 day moving average is $192.06. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GE. UBS Group increased their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Northcoast Research downgraded GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Citigroup cut their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Bank of America lifted their target price on shares of GE Aerospace from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, Wells Fargo & Company lifted their target price on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, GE Aerospace has an average rating of "Moderate Buy" and an average target price of $216.92.

Insider Buying and Selling at GE Aerospace

In other 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 completion of the sale, the vice president now directly owns 11,540 shares of the company's stock, valued at approximately $2,270,264.20. The trade was a 26.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Mohamed Ali sold 1,602 shares of GE Aerospace stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total transaction of $321,473.34. Following the sale, the senior vice president now directly owns 8,805 shares of the company's stock, valued at $1,766,899.35. This represents a 15.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.21% of the company's stock.

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.