RDA Financial Network Grows Position in GE Aerospace (NYSE:GE)

RDA Financial Network raised its stake in shares of GE Aerospace (NYSE:GE - Free Report) by 446.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,180 shares of the company's stock after acquiring an additional 7,500 shares during the period. RDA Financial Network's holdings in GE Aerospace were worth $1,837,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Revolve Wealth Partners LLC lifted its position in shares of GE Aerospace by 5.2% during the first quarter. Revolve Wealth Partners LLC now owns 2,368 shares of the company's stock valued at $474,000 after purchasing an additional 117 shares in the last quarter. UMB Bank n.a. increased its stake in GE Aerospace by 6.2% in the 1st quarter. UMB Bank n.a. now owns 9,305 shares of the company's stock valued at $1,862,000 after buying an additional 545 shares during the last quarter. Wedmont Private Capital lifted its position in shares of GE Aerospace by 3.3% during the 1st quarter. Wedmont Private Capital now owns 17,234 shares of the company's stock worth $3,449,000 after buying an additional 546 shares in the last quarter. Orrstown Financial Services Inc. lifted its position in shares of GE Aerospace by 3.7% during the 1st quarter. Orrstown Financial Services Inc. now owns 11,779 shares of the company's stock worth $2,358,000 after buying an additional 423 shares in the last quarter. Finally, Sivia Capital Partners LLC boosted its stake in shares of GE Aerospace by 68.2% in the 1st quarter. Sivia Capital Partners LLC now owns 4,146 shares of the company's stock worth $830,000 after buying an additional 1,681 shares during the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GE has been the subject of a number of research analyst reports. Royal Bank of Canada set a $275.00 price target on GE Aerospace and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. Wells Fargo & Company lifted their target price on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. UBS Group boosted 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. Redburn Atlantic began coverage on shares of GE Aerospace in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price objective for the company. Finally, Citigroup lowered their price objective 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. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $221.15.

Insider Activity at GE Aerospace

In related news, VP Robert M. Giglietti sold 4,104 shares of the business'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 transaction of $807,379.92. Following the completion of the transaction, the vice president now owns 11,540 shares of the company's stock, valued at approximately $2,270,264.20. The trade was a 26.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mohamed Ali sold 1,602 shares of the firm's stock in a transaction 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 directly owns 8,805 shares of the company's stock, valued at approximately $1,766,899.35. The trade was 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.

GE Aerospace Price Performance

Shares of NYSE:GE opened at $255.71 on Friday. The firm has a market capitalization of $272.69 billion, a PE ratio of 42.69, a P/E/G ratio of 2.59 and a beta of 1.38. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The company has a 50-day moving average price of $209.94 and a two-hundred day moving average price of $196.21. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $257.47.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS 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 company had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.06 billion. Equities analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

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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