HWG Holdings LP Sells 3,581 Shares of GE Aerospace (NYSE:GE)

HWG Holdings LP lessened its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 38.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,765 shares of the company's stock after selling 3,581 shares during the quarter. HWG Holdings LP's holdings in GE Aerospace were worth $962,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. New Age Alpha Advisors LLC lifted its holdings in shares of GE Aerospace by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock worth $25,000 after acquiring an additional 84 shares during the last quarter. Hager Investment Management Services LLC purchased a new stake in GE Aerospace during the fourth quarter valued at about $27,000. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of GE Aerospace during the fourth quarter valued at about $28,000. Putney Financial Group LLC bought a new position in shares of GE Aerospace during the fourth quarter valued at about $28,000. Finally, CBIZ Investment Advisory Services LLC purchased a new position in shares of GE Aerospace in the fourth quarter worth about $29,000. 74.77% of the stock is owned by institutional investors.

Insider Activity at GE Aerospace

In related news, SVP Mohamed Ali sold 1,602 shares of the firm's stock in a transaction on 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 directly owns 8,805 shares of the company's stock, valued at approximately $1,766,899.35. This trade represents a 15.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $807,379.92. Following the transaction, the vice president now owns 11,540 shares in the company, valued at $2,270,264.20. This trade represents a 26.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is owned by company insiders.

GE Aerospace Stock Performance

GE traded up $0.16 during midday trading on Thursday, hitting $243.83. 3,157,076 shares of the company traded hands, compared to its average volume of 5,351,586. The company's 50-day moving average is $203.85 and its 200 day moving average is $192.75. 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 capitalization of $260.02 billion, a PE ratio of 40.67, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $247.99.

GE Aerospace (NYSE:GE - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.20. The company had revenue of $9.94 billion for the quarter, compared to analysts' expectations of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. On average, research analysts expect that GE Aerospace will post 5.4 EPS for the current year.

Wall Street Analysts Forecast Growth

GE has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price target on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research note 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. Redburn Atlantic assumed coverage on shares of GE Aerospace in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price objective on the stock. UBS Group increased their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Finally, Citigroup reduced their target price 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. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $216.92.

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.