Matrix Trust Co Acquires Shares of 1,106 GE Aerospace (NYSE:GE)

Matrix Trust Co acquired a new stake in shares of GE Aerospace (NYSE:GE - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,106 shares of the company's stock, valued at approximately $221,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC raised its stake in GE Aerospace by 133.3% during the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock valued at $25,000 after acquiring an additional 84 shares during the last quarter. Hager Investment Management Services LLC purchased a new stake in GE Aerospace during the 4th quarter valued at approximately $27,000. Sumitomo Mitsui Financial Group Inc. purchased a new position in shares of GE Aerospace during the 4th quarter worth approximately $28,000. Putney Financial Group LLC purchased a new position in shares of GE Aerospace during the 4th quarter worth approximately $28,000. Finally, CBIZ Investment Advisory Services LLC purchased a new position in shares of GE Aerospace during the 4th quarter worth approximately $29,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Price Performance

Shares of NYSE:GE opened at $251.73 on Friday. The business's fifty day moving average price is $208.91 and its two-hundred day moving average price is $195.55. The stock has a market cap of $268.44 billion, a PE ratio of 42.03, a price-to-earnings-growth ratio of 2.59 and a beta of 1.38. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. GE Aerospace has a one year low of $150.20 and a one year high of $253.42.

GE Aerospace (NYSE:GE - Get Free Report) last announced 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. The firm had revenue of $9.94 billion for the quarter, compared to analysts' expectations of $9.06 billion. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. On average, analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

Analysts Set New Price Targets

GE has been the subject of a number of analyst reports. Citigroup cut their target price on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company increased their target price on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Royal Bank of Canada increased their target price on GE Aerospace from $220.00 to $275.00 and gave the stock an "outperform" rating in a research note on Tuesday. Northcoast Research downgraded GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Finally, UBS Group increased their target price on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, GE Aerospace has an average rating of "Moderate Buy" and a consensus price target of $221.15.

Insider Transactions at GE Aerospace

In other news, SVP Mohamed Ali sold 1,602 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total transaction of $321,473.34. Following the sale, the senior vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following the completion of the transaction, the vice president now directly owns 11,540 shares in the company, valued at $2,270,264.20. This trade represents a 26.23% decrease in their ownership of the stock. 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.

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