HWG Holdings LP Lowers Position in GE Aerospace (NYSE:GE)

HWG Holdings LP reduced its position in shares of GE Aerospace (NYSE:GE - Free Report) by 95.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254 shares of the company's stock after selling 5,511 shares during the period. HWG Holdings LP's holdings in GE Aerospace were worth $51,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock valued at $2,003,000 after purchasing an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of GE Aerospace by 7.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock valued at $375,000 after buying an additional 150 shares in the last quarter. Sigma Planning Corp lifted its holdings in shares of GE Aerospace by 3.3% during the 4th quarter. Sigma Planning Corp now owns 18,561 shares of the company's stock worth $3,096,000 after acquiring an additional 596 shares during the last quarter. Pinnacle Financial Partners Inc lifted its holdings in shares of GE Aerospace by 3.4% during the 4th quarter. Pinnacle Financial Partners Inc now owns 7,213 shares of the company's stock worth $1,203,000 after acquiring an additional 235 shares during the last quarter. Finally, Olympiad Research LP purchased a new position in GE Aerospace in the fourth quarter worth $242,000. Institutional investors own 74.77% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GE shares. UBS Group raised their price target on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Northcoast Research cut GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Citigroup dropped their target price 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. Wells Fargo & Company increased 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, Royal Bank Of Canada set a $275.00 price objective on shares of GE Aerospace and gave the stock an "outperform" rating in a report on Tuesday, June 3rd. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, GE Aerospace has an average rating of "Moderate Buy" and an average target price of $221.15.

GE Aerospace Trading Up 0.6%

Shares of GE Aerospace stock traded up $1.57 on Thursday, hitting $251.47. The stock had a trading volume of 6,786,784 shares, compared to its average volume of 5,400,459. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.90. GE Aerospace has a one year low of $150.20 and a one year high of $257.47. The stock's 50-day simple moving average is $227.18 and its two-hundred day simple moving average is $202.19. The stock has a market cap of $268.16 billion, a price-to-earnings ratio of 39.11, a PEG ratio of 3.01 and a beta of 1.38.

GE Aerospace (NYSE:GE - Get Free Report) last announced 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 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. As a group, sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current year.

Insider Transactions at GE Aerospace

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

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.