Inscription Capital LLC Takes Position in GE Aerospace (NYSE:GE)

Inscription Capital LLC purchased a new position in shares of GE Aerospace (NYSE:GE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,824 shares of the company's stock, valued at approximately $966,000.

Several other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock valued at $2,003,000 after buying an additional 2,421 shares during the period. Revolve Wealth Partners LLC boosted its stake 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 worth $375,000 after acquiring an additional 150 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in shares of GE Aerospace by 40.9% in the 4th quarter. Vontobel Holding Ltd. now owns 22,068 shares of the company's stock worth $3,681,000 after acquiring an additional 6,404 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of GE Aerospace by 9.7% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 2,528 shares of the company's stock worth $422,000 after acquiring an additional 223 shares during the last quarter. Finally, Principal Securities Inc. lifted its holdings in shares of GE Aerospace by 57.0% during the fourth quarter. Principal Securities Inc. now owns 17,093 shares of the company's stock valued at $2,851,000 after purchasing an additional 6,207 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Stock Up 1.3%

GE stock traded up $3.02 during mid-day trading on Friday, hitting $238.91. The stock had a trading volume of 9,076,597 shares, compared to its average volume of 5,429,816. GE Aerospace has a 1-year low of $150.20 and a 1-year high of $257.47. The company has a fifty day moving average of $220.79 and a 200 day moving average of $199.75. The company has a current ratio of 1.08, a quick ratio of 0.77 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $254.78 billion, a price-to-earnings ratio of 37.16, a PEG ratio of 2.85 and a beta of 1.38.

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

Wall Street Analysts Forecast Growth

GE has been the topic of a number of analyst reports. Royal Bank Of Canada set a $275.00 price target on GE Aerospace and gave the stock an "outperform" rating in a research note on Tuesday, June 3rd. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Citigroup decreased their price objective on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. UBS Group boosted their target price on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company raised their target price on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, GE Aerospace has an average rating of "Moderate Buy" and an average price target of $221.15.

Insider Activity at GE Aerospace

In other news, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace stock in a transaction that occurred 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 of the company's stock, valued at $2,270,264.20. This trade represents a 26.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the firm'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 transaction, the senior vice president now owns 8,805 shares in the company, valued at $1,766,899.35. The trade was a 15.39% 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 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.