Thurston Springer Miller Herd & Titak Inc. Purchases 1,159 Shares of GE Aerospace (NYSE:GE)

Thurston Springer Miller Herd & Titak Inc. raised its position in shares of GE Aerospace (NYSE:GE - Free Report) by 43.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,817 shares of the company's stock after buying an additional 1,159 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in GE Aerospace were worth $764,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. New Age Alpha Advisors LLC grew its holdings 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 acquired a new position in shares of GE Aerospace during the fourth quarter worth approximately $27,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of GE Aerospace during the fourth quarter valued at approximately $28,000. Putney Financial Group LLC acquired a new stake in shares of GE Aerospace in the fourth quarter valued at approximately $28,000. Finally, CBIZ Investment Advisory Services LLC acquired a new stake in shares of GE Aerospace in the fourth quarter valued at approximately $29,000. Institutional investors own 74.77% of the company's stock.

Analyst Ratings Changes

GE has been the topic of several research reports. UBS Group upped their price objective on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Northcoast Research cut 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 set a "buy" rating and a $250.00 price objective for the company. Royal Bank of Canada upped their target price on shares of GE Aerospace from $220.00 to $275.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, Citigroup lowered their price target on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research 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. According to MarketBeat.com, GE Aerospace currently has a consensus rating of "Moderate Buy" and an average price target of $221.15.

GE Aerospace Stock Performance

Shares of NYSE:GE opened at $251.73 on Friday. The firm's 50 day simple moving average is $208.91 and its 200 day simple moving average is $195.55. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $253.42. The company has a market capitalization of $268.44 billion, a price-to-earnings ratio of 42.03, a P/E/G ratio of 2.59 and a beta of 1.38. 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 posted its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.20. The company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. As a group, sell-side analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

Insider Buying and Selling

In other GE Aerospace news, 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 sale, the senior vice president now directly owns 8,805 shares in the company, valued at approximately $1,766,899.35. This trade represents a 15.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 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 $2,270,264.20. This trade represents a 26.23% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by company insiders.

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.

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