Scissortail Wealth Management LLC Increases Stock Position in GE Aerospace (NYSE:GE)

Scissortail Wealth Management LLC grew its holdings in shares of GE Aerospace (NYSE:GE - Free Report) by 20,385.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,434 shares of the company's stock after purchasing an additional 1,427 shares during the period. Scissortail Wealth Management LLC's holdings in GE Aerospace were worth $240,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Snowden Capital Advisors LLC raised its position in GE Aerospace by 13.2% in the fourth quarter. Snowden Capital Advisors LLC now owns 8,756 shares of the company's stock worth $1,463,000 after acquiring an additional 1,023 shares in the last quarter. Siemens Fonds Invest GmbH grew its stake in shares of GE Aerospace by 86.8% during the 4th quarter. Siemens Fonds Invest GmbH now owns 54,462 shares of the company's stock worth $9,084,000 after purchasing an additional 25,303 shares during the period. SGL Investment Advisors Inc. increased its holdings in shares of GE Aerospace by 10.9% in the 4th quarter. SGL Investment Advisors Inc. now owns 1,364 shares of the company's stock valued at $228,000 after purchasing an additional 134 shares in the last quarter. Shell Asset Management Co. increased its holdings in shares of GE Aerospace by 3.8% in the 4th quarter. Shell Asset Management Co. now owns 21,279 shares of the company's stock valued at $3,549,000 after purchasing an additional 783 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of GE Aerospace by 8.8% in the fourth quarter. Royal Bank of Canada now owns 3,837,935 shares of the company's stock valued at $640,130,000 after purchasing an additional 309,651 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

GE Aerospace Stock Up 1.1%

Shares of NYSE:GE opened at $231.86 on Friday. 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 company has a market capitalization of $247.25 billion, a P/E ratio of 38.71, a P/E/G ratio of 2.59 and a beta of 1.31. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $232.32. The stock's fifty day simple moving average is $198.19 and its 200-day simple moving average is $189.48.

GE Aerospace (NYSE:GE - Get Free Report) last announced 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 14.31% and a return on equity of 22.19%. The firm had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.06 billion. As a group, equities research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

Insider Activity at GE Aerospace

In other news, VP Robert M. Giglietti sold 4,104 shares of the firm's stock in a transaction 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 trade represents a 26.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Mohamed Ali sold 1,602 shares of the company'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 transaction, the senior vice president now owns 8,805 shares of the company's stock, valued at $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. Insiders own 0.21% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GE. Northcoast Research upgraded shares of GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 target price on the stock in a research report on Wednesday, April 9th. 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 report on Thursday, April 24th. Bank of America lifted their price objective on GE Aerospace from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Royal Bank of Canada reissued an "outperform" rating and issued a $220.00 target price on shares of GE Aerospace in a 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 for the company 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 company's stock. Based on data from MarketBeat, GE Aerospace currently has a consensus rating of "Moderate Buy" and an average target price of $216.92.

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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