Paragon Capital Management Ltd Invests $248,000 in GE Aerospace (NYSE:GE)

Paragon Capital Management Ltd acquired a new stake in shares of GE Aerospace (NYSE:GE - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,238 shares of the company's stock, valued at approximately $248,000.

A number of other hedge funds also recently made changes to their positions in the stock. New Age Alpha Advisors LLC lifted its holdings in GE Aerospace by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock worth $25,000 after purchasing an additional 84 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. purchased a new position in GE Aerospace in the 4th quarter worth approximately $28,000. Putney Financial Group LLC purchased a new position in GE Aerospace in the 4th quarter worth approximately $28,000. CBIZ Investment Advisory Services LLC purchased a new position in GE Aerospace in the 4th quarter worth approximately $29,000. Finally, Picton Mahoney Asset Management lifted its holdings in GE Aerospace by 62.4% in the 4th quarter. Picton Mahoney Asset Management now owns 177 shares of the company's stock worth $30,000 after purchasing an additional 68 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GE has been the topic of a number of research analyst reports. UBS Group boosted their price target on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Royal Bank of Canada set a $275.00 price objective on GE Aerospace and gave the stock an "outperform" rating in a report on Tuesday, June 3rd. Redburn Atlantic started coverage on GE Aerospace in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price objective on the stock. Citigroup decreased their price objective 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 price objective on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $221.15.

GE Aerospace Trading Down 1.6%

NYSE:GE traded down $3.92 during midday trading on Friday, hitting $236.07. 7,408,374 shares of the company traded hands, compared to its average volume of 5,427,368. The firm's fifty day moving average is $215.08 and its 200-day moving average is $197.88. GE Aerospace has a 12-month low of $150.20 and a 12-month high of $257.47. The firm has a market capitalization of $251.74 billion, a P/E ratio of 39.41, a P/E/G ratio of 2.59 and a beta of 1.38. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.20. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. The company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. On average, sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current year.

Insider Activity at GE Aerospace

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of the company's 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 transaction, the vice president now owns 11,540 shares of the company's stock, valued at $2,270,264.20. This represents a 26.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the company's stock in a transaction on 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 transaction, the senior vice president now directly owns 8,805 shares in the company, valued at $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.

About GE Aerospace

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.