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

HWG Holdings LP reduced its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 38.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

GE Aerospace Trading Up 0.8%

Shares of GE stock traded up $1.86 on Wednesday, reaching $243.64. 9,563,217 shares of the company's stock were exchanged, compared to its average volume of 5,362,129. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $245.95. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $259.81 billion, a PE ratio of 40.67, a P/E/G ratio of 2.59 and a beta of 1.31. The company's fifty day simple moving average is $203.06 and its 200 day simple moving average is $192.40.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly 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 return on equity of 22.19% and a net margin of 14.31%. The firm had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.06 billion. As a group, analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

Analyst Ratings Changes

GE has been the subject of several research analyst reports. Citigroup cut their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Wells Fargo & Company raised their price target on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Redburn Atlantic began coverage on GE Aerospace in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target for the company. UBS Group raised their price objective on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Finally, Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, GE Aerospace presently has an average rating of "Moderate Buy" and an average target price of $216.92.

Insider Buying and Selling at GE Aerospace

In other GE Aerospace news, 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 completion of the sale, the senior vice president now directly owns 8,805 shares of the company's stock, valued at $1,766,899.35. The trade was a 15.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 sale, the vice president now directly owns 11,540 shares of the company's stock, valued at approximately $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 currently owned by corporate insiders.

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.