Warren Street Wealth Advisors LLC Invests $245,000 in GE Aerospace (NYSE:GE)

Warren Street Wealth Advisors LLC acquired a new position in shares of GE Aerospace (NYSE:GE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,225 shares of the company's stock, valued at approximately $245,000.

Several other large investors have also added to or reduced their stakes in the stock. Sendero Wealth Management LLC grew its position in shares of GE Aerospace by 526.6% during the 1st quarter. Sendero Wealth Management LLC now owns 15,008 shares of the company's stock valued at $3,004,000 after purchasing an additional 12,613 shares in the last quarter. Chung Wu Investment Group LLC purchased a new position in GE Aerospace during the fourth quarter worth about $795,000. National Bank of Canada FI increased its stake in GE Aerospace by 2.9% in the 4th quarter. National Bank of Canada FI now owns 1,064,417 shares of the company's stock worth $177,535,000 after acquiring an additional 29,844 shares during the last quarter. National Pension Service increased its stake in GE Aerospace by 1.7% in the 4th quarter. National Pension Service now owns 2,254,637 shares of the company's stock worth $376,051,000 after acquiring an additional 37,884 shares during the last quarter. Finally, FourThought Financial Partners LLC purchased a new stake in shares of GE Aerospace in the 4th quarter valued at about $507,000. Institutional investors own 74.77% of the company's stock.

Insider Buying and Selling

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $1,766,899.35. This trade represents a 15.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace 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 sale, the vice president now owns 11,540 shares in the company, valued at approximately $2,270,264.20. This represents 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 insiders.

Analyst Ratings Changes

Several research firms recently weighed in on GE. Northcoast Research cut shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Citigroup decreased their price target 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 started 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. Wells Fargo & Company increased their target price on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, UBS Group lifted 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. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, GE Aerospace has an average rating of "Moderate Buy" and a consensus price target of $221.15.

GE Aerospace Trading Up 1.5%

Shares of GE traded up $3.79 during trading hours on Friday, hitting $255.71. The company had a trading volume of 5,792,957 shares, compared to its average volume of 5,365,423. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $257.41. 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 stock's 50 day moving average price is $208.91 and its 200 day moving average price is $195.55. The firm has a market cap of $272.69 billion, a P/E ratio of 42.69, a P/E/G ratio of 2.59 and a beta of 1.38.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.20. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. The business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. On average, research analysts predict 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.