Park Avenue Securities LLC Purchases 2,229 Shares of GE Aerospace (NYSE:GE)

Park Avenue Securities LLC grew its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 3.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,238 shares of the company's stock after buying an additional 2,229 shares during the period. Park Avenue Securities LLC's holdings in GE Aerospace were worth $12,257,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in GE. Truvestments Capital LLC increased its holdings in GE Aerospace by 26.2% during the 4th quarter. Truvestments Capital LLC now owns 236 shares of the company's stock valued at $39,000 after purchasing an additional 49 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE grew its holdings in shares of GE Aerospace by 17.6% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company's stock worth $56,000 after purchasing an additional 50 shares during the last quarter. Ballast Advisors LLC grew its holdings in shares of GE Aerospace by 2.5% during the fourth quarter. Ballast Advisors LLC now owns 2,093 shares of the company's stock worth $349,000 after purchasing an additional 51 shares during the last quarter. Blue Barn Wealth LLC raised its holdings 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 buying an additional 54 shares during the last quarter. Finally, First Heartland Consultants Inc. lifted its position in GE Aerospace by 1.2% during the 4th quarter. First Heartland Consultants Inc. now owns 4,729 shares of the company's stock worth $789,000 after buying an additional 54 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at GE Aerospace

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president now owns 8,805 shares in the company, valued at $1,766,899.35. This represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Robert M. Giglietti sold 4,104 shares of the business's stock in a transaction that occurred 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 directly owns 11,540 shares in the company, valued at $2,270,264.20. The trade was a 26.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Royal Bank of Canada set a $275.00 price objective on shares of GE Aerospace and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. UBS Group boosted their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Wells Fargo & Company lifted 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, Citigroup cut their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $221.15.

GE Aerospace Stock Down 1.3%

Shares of GE Aerospace stock traded down $3.20 on Monday, hitting $252.43. The company had a trading volume of 1,467,059 shares, compared to its average volume of 5,364,516. The stock has a 50-day moving average of $209.94 and a 200-day moving average of $196.34. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $257.47. The firm has a market capitalization of $269.19 billion, a P/E ratio of 42.19, a P/E/G ratio of 2.59 and a beta of 1.38.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.20. The firm had revenue of $9.94 billion during 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%. Research analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

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.