Legacy Private Trust Co. Grows Stock Position in GE Aerospace (NYSE:GE)

Legacy Private Trust Co. grew its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 14.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,833 shares of the company's stock after buying an additional 3,173 shares during the period. Legacy Private Trust Co.'s holdings in GE Aerospace were worth $5,170,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its position in shares of GE Aerospace by 25.3% in the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock worth $2,003,000 after purchasing an additional 2,421 shares during the last quarter. Nilsine Partners LLC raised its position in shares of GE Aerospace by 22.4% in the 4th quarter. Nilsine Partners LLC now owns 1,421 shares of the company's stock worth $237,000 after purchasing an additional 260 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock worth $375,000 after purchasing an additional 150 shares during the last quarter. Perigon Wealth Management LLC raised its position in shares of GE Aerospace by 8.9% in the 4th quarter. Perigon Wealth Management LLC now owns 15,014 shares of the company's stock worth $2,699,000 after purchasing an additional 1,222 shares during the last quarter. Finally, BSW Wealth Partners raised its position in shares of GE Aerospace by 15.8% in the 4th quarter. BSW Wealth Partners now owns 3,042 shares of the company's stock worth $507,000 after purchasing an additional 416 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

GE has been the subject of a number of recent analyst reports. Redburn Atlantic initiated coverage on GE Aerospace in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price for the company. Citigroup decreased 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 boosted 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. Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Finally, UBS Group boosted their target price on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $216.92.

Insider Activity at GE Aerospace

In other news, VP Robert M. Giglietti sold 4,104 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total transaction of $807,379.92. Following the sale, the vice president now directly owns 11,540 shares of the company's stock, valued at $2,270,264.20. This represents a 26.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $321,473.34. Following the sale, the senior vice president now directly owns 8,805 shares in the company, valued at $1,766,899.35. This trade represents 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 currently owned by corporate insiders.

GE Aerospace Stock Performance

Shares of NYSE:GE traded up $1.68 during mid-day trading on Friday, reaching $245.84. 9,141,246 shares of the company traded hands, compared to its average volume of 5,381,044. The company's 50 day moving average price is $205.20 and its 200-day moving average price is $193.60. The firm has a market cap of $262.16 billion, a PE ratio of 41.04, a PEG ratio of 2.59 and a beta of 1.31. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $246.84.

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

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.