RB Capital Management LLC Buys 1,404 Shares of GE Aerospace (NYSE:GE)

RB Capital Management LLC raised its holdings in GE Aerospace (NYSE:GE - Free Report) by 77.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,228 shares of the company's stock after purchasing an additional 1,404 shares during the period. RB Capital Management LLC's holdings in GE Aerospace were worth $538,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. New Age Alpha Advisors LLC boosted 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 valued at $25,000 after purchasing an additional 84 shares during the period. Hager Investment Management Services LLC bought a new stake in shares of GE Aerospace during the 4th quarter worth approximately $27,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of GE Aerospace during the 4th quarter worth approximately $28,000. Sugar Maple Asset Management LLC bought a new stake in shares of GE Aerospace during the 4th quarter worth approximately $29,000. Finally, CBIZ Investment Advisory Services LLC bought a new stake in shares of GE Aerospace during the 4th quarter worth approximately $29,000. Institutional investors own 74.77% of the company's stock.

GE Aerospace Price Performance

GE stock traded up $2.59 during trading on Friday, reaching $232.86. 4,231,972 shares of the company were exchanged, compared to its average volume of 5,338,171. The company has a 50-day moving average of $201.76 and a two-hundred day moving average of $191.56. The company has a market capitalization of $248.32 billion, a price-to-earnings ratio of 38.87, a P/E/G ratio of 2.59 and a beta of 1.31. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $237.30. 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 (NYSE:GE - Get Free Report) last released its quarterly earnings data 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 business had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. As a group, equities analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

Insider Buying and Selling at GE Aerospace

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of the company's stock in a transaction that occurred on 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 transaction, the vice president now directly owns 11,540 shares in the company, valued at approximately $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 can be accessed through this link. Also, SVP Mohamed Ali sold 1,602 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total transaction of $321,473.34. Following the completion of the transaction, the senior vice president now owns 8,805 shares of the company's stock, valued at approximately $1,766,899.35. This trade represents a 15.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Citigroup cut their price target on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Bank of America upped their price target on shares of GE Aerospace from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $220.00 price target on shares of GE Aerospace in a report on Wednesday, April 23rd. Finally, UBS Group upped their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.