LongView Wealth Management Makes New $285,000 Investment in GE Aerospace (NYSE:GE)

LongView Wealth Management bought a new stake in GE Aerospace (NYSE:GE - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,425 shares of the company's stock, valued at approximately $285,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of GE Aerospace by 25.3% during 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 period. Revolve Wealth Partners LLC boosted its stake in GE Aerospace by 7.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock valued at $375,000 after acquiring an additional 150 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in GE Aerospace in the fourth quarter valued at about $228,000. Wealth Alliance increased its stake in shares of GE Aerospace by 20.4% during the 4th quarter. Wealth Alliance now owns 3,299 shares of the company's stock worth $550,000 after purchasing an additional 560 shares during the last quarter. Finally, First Bank & Trust increased its stake in shares of GE Aerospace by 6.0% during the 4th quarter. First Bank & Trust now owns 1,525 shares of the company's stock worth $254,000 after purchasing an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on GE. Royal Bank Of Canada set a $275.00 price objective on GE Aerospace and gave the company an "outperform" rating in a report on Tuesday, June 3rd. Citigroup decreased their price objective 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 upped their price objective 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. Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Finally, UBS Group boosted their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, GE Aerospace presently has a consensus rating of "Moderate Buy" and an average target price 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 dated Thursday, April 24th. The stock was 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 in the company, valued at approximately $2,270,264.20. The trade was a 26.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the business's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total value 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 approximately $1,766,899.35. This trade represents a 15.39% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by insiders.

GE Aerospace Price Performance

Shares of NYSE:GE traded up $1.14 during trading on Tuesday, reaching $248.95. The company had a trading volume of 5,254,813 shares, compared to its average volume of 5,396,363. The company has a fifty day moving average of $223.18 and a two-hundred day moving average of $200.97. 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 $265.48 billion, a P/E ratio of 38.72, a price-to-earnings-growth ratio of 2.89 and a beta of 1.38. GE Aerospace has a 12 month low of $150.20 and a 12 month high of $257.47.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.20. GE Aerospace had a return on equity of 29.15% and a net margin of 17.63%. The business had revenue of $9.94 billion for the quarter, compared to analysts' expectations of $9.06 billion. Equities research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current 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.