Wealth Alliance Advisory Group LLC Raises Position in GE Aerospace (NYSE:GE)

Wealth Alliance Advisory Group LLC raised its position in GE Aerospace (NYSE:GE - Free Report) by 19.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,989 shares of the company's stock after buying an additional 1,657 shares during the quarter. Wealth Alliance Advisory Group LLC's holdings in GE Aerospace were worth $1,999,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Nixon Peabody Trust Co. increased its holdings in shares of GE Aerospace by 9.8% in the first quarter. Nixon Peabody Trust Co. now owns 2,827 shares of the company's stock worth $566,000 after buying an additional 252 shares during the period. Firethorn Wealth Partners LLC purchased a new stake in shares of GE Aerospace in the 1st quarter worth $245,000. Financial Management Professionals Inc. boosted its position in shares of GE Aerospace by 136.1% in the first quarter. Financial Management Professionals Inc. now owns 791 shares of the company's stock worth $158,000 after purchasing an additional 456 shares during the period. Sendero Wealth Management LLC boosted its stake in GE Aerospace by 526.6% in the 1st quarter. Sendero Wealth Management LLC now owns 15,008 shares of the company's stock worth $3,004,000 after purchasing an additional 12,613 shares during the period. Finally, TrueWealth Advisors LLC boosted its stake in GE Aerospace by 6.4% during the first quarter. TrueWealth Advisors LLC now owns 3,477 shares of the company's stock valued at $696,000 after buying an additional 210 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at GE Aerospace

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace stock in a transaction 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 transaction, the vice president now directly owns 11,540 shares of the company's stock, valued at $2,270,264.20. The trade was a 26.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mohamed Ali sold 1,602 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were 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. The trade was a 15.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. UBS Group lifted their target price on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Wells Fargo & Company boosted their target price on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Redburn Atlantic began coverage on GE Aerospace in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective for the company. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Finally, Royal Bank of Canada lifted their price target on GE Aerospace from $220.00 to $275.00 and gave the stock an "outperform" rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $221.15.

GE Aerospace Trading Up 0.3%

GE stock traded up $0.85 during midday trading on Thursday, reaching $251.73. The company's stock had a trading volume of 4,140,352 shares, compared to its average volume of 5,359,370. The stock has a market cap of $268.44 billion, a PE ratio of 42.03, a price-to-earnings-growth ratio of 2.59 and a beta of 1.38. The business's 50-day simple moving average is $207.88 and its 200-day simple moving average is $195.04. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $253.06.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.20. The company had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.06 billion. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. As a group, sell-side analysts expect 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.