NorthRock Partners LLC Buys 7,477 Shares of GE Aerospace (NYSE:GE)

NorthRock Partners LLC lifted its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 135.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,995 shares of the company's stock after purchasing an additional 7,477 shares during the period. NorthRock Partners LLC's holdings in GE Aerospace were worth $2,167,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Truvestments Capital LLC boosted its holdings in GE Aerospace by 26.2% in the fourth quarter. Truvestments Capital LLC now owns 236 shares of the company's stock valued at $39,000 after acquiring an additional 49 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE boosted its holdings in GE Aerospace by 17.6% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company's stock worth $56,000 after buying an additional 50 shares during the last quarter. Ballast Advisors LLC boosted its holdings in GE Aerospace by 2.5% during the fourth quarter. Ballast Advisors LLC now owns 2,093 shares of the company's stock worth $349,000 after buying an additional 51 shares during the last quarter. Blue Barn Wealth LLC boosted its holdings in GE Aerospace by 3.8% during the fourth quarter. Blue Barn Wealth LLC now owns 1,466 shares of the company's stock worth $245,000 after buying an additional 54 shares during the last quarter. Finally, Game Plan Financial Advisors LLC boosted its holdings in GE Aerospace by 10.5% during the fourth quarter. Game Plan Financial Advisors LLC now owns 578 shares of the company's stock worth $96,000 after buying an additional 55 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

Insider Activity at GE Aerospace

In other news, VP Robert M. Giglietti sold 4,104 shares of the company's 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 sale, the vice president now owns 11,540 shares in the company, valued at $2,270,264.20. This represents a 26.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Mohamed Ali sold 1,602 shares of the company's 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 sale, the senior vice president now owns 8,805 shares in the company, valued at approximately $1,766,899.35. This 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 insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on GE shares. UBS Group raised their target price on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Bank of America raised their target price on GE Aerospace from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. JPMorgan Chase & Co. raised their target price on GE Aerospace from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $220.00 price target on shares of GE Aerospace in a research report on Wednesday, April 23rd. Finally, Citigroup dropped their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $216.92.

GE Aerospace Stock Up 1.1%

GE Aerospace stock traded up $2.48 during midday trading on Friday, reaching $231.86. The stock had a trading volume of 4,642,569 shares, compared to its average volume of 5,352,629. The firm's fifty day simple moving average is $197.39 and its 200-day simple moving average is $189.08. GE Aerospace has a 1-year low of $150.20 and a 1-year high of $232.28. The stock has a market capitalization of $247.25 billion, a P/E ratio of 38.71, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.

GE Aerospace (NYSE:GE - Get Free Report) last announced its earnings results 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 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. As a group, analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal 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.