Retirement Planning Group LLC NY Takes $1.83 Million Position in GE Aerospace (NYSE:GE)

Retirement Planning Group LLC NY bought a new position in GE Aerospace (NYSE:GE - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,995 shares of the company's stock, valued at approximately $1,834,000. GE Aerospace accounts for about 2.0% of Retirement Planning Group LLC NY's holdings, making the stock its 17th biggest holding.

Several other institutional investors also recently modified their holdings of the business. New Age Alpha Advisors LLC grew its stake in shares of GE Aerospace by 133.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock worth $25,000 after acquiring an additional 84 shares during the last quarter. Hager Investment Management Services LLC bought a new position in GE Aerospace in the 4th quarter worth about $27,000. Sumitomo Mitsui Financial Group Inc. purchased a new stake in GE Aerospace during the 4th quarter valued at about $28,000. CBIZ Investment Advisory Services LLC bought a new stake in GE Aerospace during the 4th quarter valued at about $29,000. Finally, Picton Mahoney Asset Management raised its holdings in GE Aerospace by 62.4% in the fourth quarter. Picton Mahoney Asset Management now owns 177 shares of the company's stock worth $30,000 after buying an additional 68 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on GE shares. Northcoast Research cut shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Redburn Atlantic assumed coverage on GE Aerospace in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price for the company. UBS Group boosted their price target on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $220.00 price objective on shares of GE Aerospace in a research report on Wednesday, April 23rd. Finally, Citigroup reduced their price objective on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, GE Aerospace currently has a consensus rating of "Moderate Buy" and a consensus target price of $216.92.

Insider Activity at GE Aerospace

In related news, 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 of the company's stock, valued at approximately $1,766,899.35. This trade represents a 15.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert M. Giglietti sold 4,104 shares of the company'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 completion of the transaction, the vice president now owns 11,540 shares of the company's stock, 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 corporate insiders.

GE Aerospace Stock Performance

Shares of GE stock traded up $2.59 during mid-day trading on Monday, reaching $232.86. 4,231,972 shares of the company's stock traded hands, compared to its average volume of 5,337,520. GE Aerospace has a 12 month low of $150.20 and a 12 month high of $237.30. The firm has a 50 day moving average price of $201.76 and a two-hundred day moving average price of $191.72. The firm has a market capitalization of $248.32 billion, a PE ratio of 38.87, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.

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

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.