Lion Street Advisors LLC Takes Position in GE Aerospace (NYSE:GE)

Lion Street Advisors LLC purchased a new position in GE Aerospace (NYSE:GE - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,102 shares of the company's stock, valued at approximately $221,000.

Other hedge funds have also recently made changes to their positions in the company. Truvestments Capital LLC boosted its stake in shares of GE Aerospace by 26.2% during the fourth quarter. Truvestments Capital LLC now owns 236 shares of the company's stock valued at $39,000 after purchasing an additional 49 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE boosted its stake in shares of GE Aerospace by 17.6% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company's stock valued at $56,000 after purchasing an additional 50 shares in the last quarter. Ballast Advisors LLC boosted its stake in shares of GE Aerospace by 2.5% during the fourth quarter. Ballast Advisors LLC now owns 2,093 shares of the company's stock valued at $349,000 after purchasing an additional 51 shares in the last quarter. Blue Barn Wealth LLC boosted its stake in shares of GE Aerospace by 3.8% during the fourth quarter. Blue Barn Wealth LLC now owns 1,466 shares of the company's stock valued at $245,000 after purchasing an additional 54 shares in the last quarter. Finally, First Heartland Consultants Inc. boosted its position in GE Aerospace by 1.2% during the 4th quarter. First Heartland Consultants Inc. now owns 4,729 shares of the company's stock valued at $789,000 after acquiring an additional 54 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

GE Aerospace Stock Performance

GE stock traded up $3.02 during trading on Friday, reaching $238.91. The company had a trading volume of 9,076,781 shares, compared to its average volume of 5,386,266. The firm has a 50-day simple moving average of $221.93 and a 200-day simple moving average of $200.27. The company has a market cap of $254.78 billion, a price-to-earnings ratio of 37.16, a price-to-earnings-growth ratio of 2.89 and a beta of 1.38. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.77 and a current ratio of 1.08. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $257.47.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $9.06 billion. As a group, sell-side analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on GE shares. Royal Bank Of Canada set a $275.00 target price on GE Aerospace and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. Citigroup lowered their price target on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company raised their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. UBS Group raised 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, Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $221.15.

Insider Activity

In related news, 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 of the company's stock, valued at $1,766,899.35. This trade represents a 15.39% decrease in their ownership of the stock. 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 dated 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. The trade was a 26.23% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company's stock.

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.