Investors Buy Large Volume of GE Aerospace Call Options (NYSE:GE)

GE Aerospace (NYSE:GE - Get Free Report) saw some unusual options trading activity on Friday. Traders acquired 28,494 call options on the stock. This is an increase of 18% compared to the typical volume of 24,082 call options.

GE Aerospace Stock Performance

GE stock traded up $8.47 during trading on Friday, hitting $259.47. 4,042,626 shares of the company traded hands, compared to its average volume of 5,948,489. GE Aerospace has a 1 year low of $150.20 and a 1 year high of $260.55. The company has a market cap of $276.70 billion, a PE ratio of 40.35, a P/E/G ratio of 3.01 and a beta of 1.38. The stock's 50-day simple moving average is $227.18 and its 200 day simple moving average is $202.19. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.08 and a quick ratio of 0.77.

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, beating the consensus estimate of $1.29 by $0.20. GE Aerospace had a net margin of 17.63% and a return on equity of 29.15%. The firm had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.06 billion. On average, equities analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

Insider Activity at GE Aerospace

In other GE Aerospace 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 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of GE Aerospace 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 of the company's stock, valued at $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 currently owned by corporate insiders.

Institutional Investors Weigh In On GE Aerospace

Institutional investors have recently modified their holdings of the business. AG2R LA Mondiale Gestion D Actifs purchased a new stake in shares of GE Aerospace in the first quarter valued at approximately $8,005,000. Nicholas Hoffman & Company LLC. lifted its stake in GE Aerospace by 1.1% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 4,046 shares of the company's stock valued at $810,000 after buying an additional 43 shares in the last quarter. Howe & Rusling Inc. increased its stake in GE Aerospace by 5.7% during the 1st quarter. Howe & Rusling Inc. now owns 4,021 shares of the company's stock worth $805,000 after buying an additional 218 shares in the last quarter. Maple Capital Management Inc. raised its holdings in shares of GE Aerospace by 28.5% during the first quarter. Maple Capital Management Inc. now owns 65,156 shares of the company's stock valued at $13,041,000 after acquiring an additional 14,451 shares during the last quarter. Finally, Sheets Smith Investment Management purchased a new position in shares of GE Aerospace in the first quarter valued at approximately $958,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GE. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. UBS Group raised their price objective on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Wells Fargo & Company upped their price target on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Royal Bank Of Canada set a $275.00 price objective on GE Aerospace and gave the stock an "outperform" rating in a research report on Tuesday, June 3rd. Finally, Citigroup decreased their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $221.15.

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.

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