Neo Ivy Capital Management Boosts Stock Position in GE Aerospace (NYSE:GE)

Neo Ivy Capital Management boosted its holdings in GE Aerospace (NYSE:GE - Free Report) by 516.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,230 shares of the company's stock after acquiring an additional 41,244 shares during the period. GE Aerospace accounts for 1.7% of Neo Ivy Capital Management's holdings, making the stock its 5th biggest position. Neo Ivy Capital Management's holdings in GE Aerospace were worth $8,211,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Truvestments Capital LLC raised its holdings 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 acquiring an additional 49 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE grew its position in shares of GE Aerospace by 17.6% in 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 grew its position in shares of GE Aerospace by 2.5% in 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 grew its position in shares of GE Aerospace by 3.8% in 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. grew its position in GE Aerospace by 1.2% in the fourth quarter. First Heartland Consultants Inc. now owns 4,729 shares of the company's stock worth $789,000 after acquiring an additional 54 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at GE Aerospace

In other news, VP Robert M. Giglietti sold 4,104 shares of the 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 completion of the sale, the vice president now owns 11,540 shares in the company, valued at $2,270,264.20. This represents a 26.23% 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, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total transaction 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. This represents a 15.39% 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 Stock Down 1.4%

Shares of GE stock opened at $230.16 on Friday. The company has a market capitalization of $245.44 billion, a price-to-earnings ratio of 38.42, a P/E/G ratio of 2.59 and a beta of 1.31. GE Aerospace has a 12-month low of $150.20 and a 12-month high of $237.30. The firm has a fifty day moving average of $201.12 and a 200-day moving average of $191.16. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on GE shares. Royal Bank of Canada restated an "outperform" rating and set a $220.00 price target on shares of GE Aerospace in a research report on Wednesday, April 23rd. Northcoast Research cut GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday. UBS Group boosted their price target on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. 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 research note on Thursday, April 24th. Finally, Bank of America increased their price target on GE Aerospace from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $216.92.

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.

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