1,251 Shares in GE Aerospace (NYSE:GE) Purchased by Horst & Graben Wealth Management LLC

Horst & Graben Wealth Management LLC purchased a new position in shares of GE Aerospace (NYSE:GE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,251 shares of the company's stock, valued at approximately $250,000.

Several other institutional investors have also made changes to their positions in the stock. Capital Management Associates Inc raised its position in GE Aerospace by 68.8% during the first quarter. Capital Management Associates Inc now owns 3,902 shares of the company's stock valued at $781,000 after acquiring an additional 1,591 shares in the last quarter. Beverly Hills Private Wealth LLC raised its position in GE Aerospace by 6.2% during the first quarter. Beverly Hills Private Wealth LLC now owns 1,826 shares of the company's stock valued at $366,000 after acquiring an additional 106 shares in the last quarter. Interchange Capital Partners LLC raised its position in GE Aerospace by 36.2% during the first quarter. Interchange Capital Partners LLC now owns 2,682 shares of the company's stock valued at $537,000 after acquiring an additional 713 shares in the last quarter. Washington Trust Bank bought a new position in GE Aerospace during the first quarter valued at approximately $208,000. Finally, Financial Counselors Inc. raised its position in GE Aerospace by 2.2% during the first quarter. Financial Counselors Inc. now owns 33,414 shares of the company's stock valued at $6,688,000 after acquiring an additional 708 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 owned 11,540 shares in the company, valued at $2,270,264.20. The trade was 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 link. Also, SVP Mohamed Ali sold 1,602 shares of the business's stock in a transaction on 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 owned 8,805 shares in the company, valued at $1,766,899.35. This 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 insiders.

GE Aerospace Stock Performance

GE stock traded up $2.81 on Wednesday, reaching $249.86. 2,865,112 shares of the company were exchanged, compared to its average volume of 6,108,706. GE Aerospace has a 12 month low of $150.20 and a 12 month high of $260.55. The stock's fifty day moving average price is $236.28 and its 200 day moving average price is $207.07. The firm has a market capitalization of $266.44 billion, a PE ratio of 38.91, a PEG ratio of 3.00 and a beta of 1.37. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.08 and a quick ratio of 0.77.

GE Aerospace (NYSE:GE - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.20. GE Aerospace had a net margin of 17.63% and a return on equity of 29.15%. The business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. On average, research analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, July 7th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.58%. GE Aerospace's dividend payout ratio is currently 22.40%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Northcoast Research lowered shares of 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 target on shares of GE Aerospace and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. Citigroup dropped their price target on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Wells Fargo & Company lifted their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Finally, 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 research report on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $223.75.

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.