M3 Advisory Group LLC Invests $263,000 in GE Aerospace (NYSE:GE)

M3 Advisory Group LLC bought a new position in shares of GE Aerospace (NYSE:GE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,316 shares of the company's stock, valued at approximately $263,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Flagship Harbor Advisors LLC lifted its holdings in shares of GE Aerospace by 15.7% in the first quarter. Flagship Harbor Advisors LLC now owns 11,052 shares of the company's stock worth $2,212,000 after acquiring an additional 1,499 shares during the last quarter. Encompass Wealth Advisors LLC acquired a new position in shares of GE Aerospace in the first quarter valued at approximately $204,000. 1858 Wealth Management LLC increased its stake in shares of GE Aerospace by 1.7% in the first quarter. 1858 Wealth Management LLC now owns 9,430 shares of the company's stock valued at $1,887,000 after buying an additional 162 shares during the period. EWA LLC increased its stake in shares of GE Aerospace by 6.7% in the first quarter. EWA LLC now owns 1,386 shares of the company's stock valued at $277,000 after buying an additional 87 shares during the period. Finally, Flower City Capital acquired a new position in shares of GE Aerospace in the first quarter valued at approximately $264,000. Institutional investors own 74.77% of the company's stock.

GE Aerospace Stock Up 0.6%

NYSE GE traded up $1.57 on Thursday, reaching $251.47. The company had a trading volume of 6,786,784 shares, compared to its average volume of 5,400,459. The stock has a market capitalization of $268.16 billion, a P/E ratio of 39.11, a P/E/G ratio of 3.01 and a beta of 1.38. The company's fifty day moving average is $227.18 and its 200 day moving average is $202.19. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $257.47. 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 (NYSE:GE - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.20. GE Aerospace had a return on equity of 29.15% and a net margin of 17.63%. The firm had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.06 billion. Sell-side analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GE shares. UBS Group upped their price objective on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Royal Bank Of Canada set a $275.00 target price on GE Aerospace and gave the company an "outperform" rating in a report on Tuesday, June 3rd. Northcoast Research cut GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Citigroup reduced their target price on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Wells Fargo & Company upped their target price on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $221.15.

Insider Activity

In other news, 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 transaction 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. This trade represents a 26.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction 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 transaction, the senior vice president now owns 8,805 shares of the company's stock, valued at $1,766,899.35. The trade was a 15.39% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.21% of the company's stock.

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.