Swisher Financial Concepts Inc. Buys Shares of 1,288 GE Aerospace (NYSE:GE)

Swisher Financial Concepts Inc. purchased a new position in shares of GE Aerospace (NYSE:GE - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,288 shares of the company's stock, valued at approximately $258,000.

Several other institutional investors also recently modified their holdings of GE. New Age Alpha Advisors LLC boosted its stake in GE Aerospace by 133.3% during the 4th 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 during the 4th quarter worth approximately $27,000. Sumitomo Mitsui Financial Group Inc. bought a new position in GE Aerospace during the 4th quarter worth approximately $28,000. Putney Financial Group LLC bought a new position in GE Aerospace during the 4th quarter worth approximately $28,000. Finally, CBIZ Investment Advisory Services LLC bought a new position in GE Aerospace during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GE. Wells Fargo & Company lifted their price objective on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Citigroup cut 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 note on Thursday, April 10th. UBS Group lifted their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Finally, Redburn Atlantic assumed coverage on shares of GE Aerospace in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, GE Aerospace has a consensus rating of "Moderate Buy" and an average target price of $221.15.

Insider Activity

In other news, VP Robert M. Giglietti sold 4,104 shares of the business's stock in a transaction dated 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 sale, 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 SEC, which can be accessed through this link. Also, SVP Mohamed Ali sold 1,602 shares of the firm'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 position. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate insiders.

GE Aerospace Stock Up 0.8%

Shares of NYSE GE traded up $2.10 during midday trading on Wednesday, reaching $250.97. The company's stock had a trading volume of 5,810,563 shares, compared to its average volume of 5,364,361. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $253.05. The stock has a market capitalization of $267.63 billion, a price-to-earnings ratio of 41.90, a PEG ratio of 2.59 and a beta of 1.38. The stock has a 50 day simple moving average of $206.85 and a 200-day simple moving average of $194.65.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $9.06 billion. Equities research analysts predict that GE Aerospace will post 5.4 earnings per share 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.