Precision Wealth Strategies LLC Has $3.82 Million Position in GE Aerospace (NYSE:GE)

Precision Wealth Strategies LLC raised its position in GE Aerospace (NYSE:GE - Free Report) by 9.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,074 shares of the company's stock after acquiring an additional 1,679 shares during the quarter. GE Aerospace makes up about 2.9% of Precision Wealth Strategies LLC's investment portfolio, making the stock its 11th largest holding. Precision Wealth Strategies LLC's holdings in GE Aerospace were worth $3,818,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of GE. Brighton Jones LLC raised its position in shares of GE Aerospace by 25.3% in the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock valued at $2,003,000 after purchasing an additional 2,421 shares during the period. Revolve Wealth Partners LLC raised its position in shares of GE Aerospace by 7.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock valued at $375,000 after purchasing an additional 150 shares during the period. Vontobel Holding Ltd. raised its position in shares of GE Aerospace by 40.9% in the fourth quarter. Vontobel Holding Ltd. now owns 22,068 shares of the company's stock valued at $3,681,000 after purchasing an additional 6,404 shares during the period. WASHINGTON TRUST Co increased its position in GE Aerospace by 1.2% during the fourth quarter. WASHINGTON TRUST Co now owns 6,053 shares of the company's stock worth $1,010,000 after acquiring an additional 70 shares during the period. Finally, Nations Financial Group Inc. IA ADV increased its position in GE Aerospace by 9.7% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 2,528 shares of the company's stock worth $422,000 after acquiring an additional 223 shares during the period. 74.77% of the stock is owned by institutional investors.

GE Aerospace Price Performance

GE stock opened at $236.07 on Monday. 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 has a 12 month low of $150.20 and a 12 month high of $257.47. The firm has a market cap 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's 50-day moving average price is $216.42 and its two-hundred day moving average price is $198.48.

GE Aerospace (NYSE:GE - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating 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 firm had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. On average, analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $196.73, for a total transaction of $807,379.92. Following the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of GE Aerospace stock in a transaction that occurred 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 approximately $1,766,899.35. This represents a 15.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on GE. Royal Bank of Canada set a $275.00 price target on shares of GE Aerospace and gave the stock an "outperform" rating in a research report on Tuesday, June 3rd. UBS Group raised their price target 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. Citigroup lowered their price target on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Finally, Wells Fargo & Company raised their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $221.15.

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.

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