Hennion & Walsh Asset Management Inc. Acquires 1,912 Shares of GE Aerospace (NYSE:GE)

Hennion & Walsh Asset Management Inc. lifted its holdings in GE Aerospace (NYSE:GE - Free Report) by 16.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,204 shares of the company's stock after buying an additional 1,912 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in GE Aerospace were worth $2,643,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. New Age Alpha Advisors LLC raised its stake in shares of GE Aerospace by 133.3% during the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock worth $25,000 after purchasing an additional 84 shares in the last quarter. Hager Investment Management Services LLC acquired a new position in GE Aerospace in the fourth quarter worth approximately $27,000. Sumitomo Mitsui Financial Group Inc. acquired a new position in GE Aerospace in the fourth quarter worth approximately $28,000. Putney Financial Group LLC bought a new position in GE Aerospace during the fourth quarter valued at approximately $28,000. Finally, CBIZ Investment Advisory Services LLC acquired a new stake in GE Aerospace in the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

Insider Buying and Selling

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction 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 transaction, the vice president now directly owns 11,540 shares in the company, valued at approximately $2,270,264.20. This trade represents a 26.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the company's 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 transaction, the senior vice president now directly owns 8,805 shares in the company, valued at $1,766,899.35. This trade represents a 15.39% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate insiders.

GE Aerospace Price Performance

Shares of GE stock traded up $3.79 during trading hours on Friday, hitting $255.71. The company had a trading volume of 5,792,957 shares, compared to its average volume of 5,365,422. GE Aerospace has a 12 month low of $150.20 and a 12 month 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's fifty day moving average is $208.91 and its 200 day moving average is $195.55. The firm has a market capitalization of $272.69 billion, a price-to-earnings 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 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.20. The firm had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. On average, sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target 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 downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Citigroup reduced their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. UBS Group upped their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Finally, Redburn Atlantic began coverage on GE Aerospace in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price on the stock. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $221.15.

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.