Sunbeam Capital Management LLC Invests $245,000 in GE Aerospace (NYSE:GE)

Sunbeam Capital Management LLC bought a new stake in shares of GE Aerospace (NYSE:GE - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,471 shares of the company's stock, valued at approximately $245,000.

Several other institutional investors have also modified their holdings of GE. Montchanin Asset Management LLC bought a new position in GE Aerospace in the 4th quarter valued at $259,000. Castlekeep Investment Advisors LLC bought a new position in shares of GE Aerospace in the fourth quarter worth about $1,725,000. Retirement Planning Group LLC NY bought a new stake in GE Aerospace during the 4th quarter valued at about $1,834,000. Pinney & Scofield Inc. bought a new stake in shares of GE Aerospace during the fourth quarter valued at approximately $145,000. Finally, Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of GE Aerospace during the 4th quarter valued at $596,000. 74.77% of the stock is owned by institutional investors.

Insider Activity at GE Aerospace

In other news, SVP Mohamed Ali sold 1,602 shares of GE Aerospace stock in a transaction 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 completion of the sale, the senior vice president now owns 8,805 shares of the company's stock, valued at $1,766,899.35. The trade was a 15.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total transaction of $807,379.92. Following 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 disclosure for this sale can be found here. Company insiders own 0.21% of the company's stock.

GE Aerospace Stock Performance

Shares of GE stock traded up $2.35 during trading hours on Wednesday, hitting $244.13. The stock had a trading volume of 3,171,955 shares, compared to its average volume of 5,337,119. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The firm has a market capitalization of $260.33 billion, a PE ratio of 40.74, a PEG ratio of 2.59 and a beta of 1.31. The stock's 50 day moving average is $203.06 and its 200 day moving average is $192.40. GE Aerospace has a twelve month low of $150.20 and a twelve month high of $245.32.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share 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 net margin of 14.31% and a return on equity of 22.19%. As a group, research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on GE. Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Royal Bank of Canada restated an "outperform" rating and issued a $220.00 price target on shares of GE Aerospace in a research report on Wednesday, April 23rd. Citigroup decreased their target price on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Redburn Atlantic assumed coverage on shares of GE Aerospace in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price on the stock. Finally, UBS Group lifted their target price on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. 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 company presently has an average rating of "Moderate Buy" and an average price target of $216.92.

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.