Toronto Dominion Bank Buys 295,563 Shares of GE Aerospace (NYSE:GE)

Toronto Dominion Bank grew its holdings in GE Aerospace (NYSE:GE - Free Report) by 54.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 833,536 shares of the company's stock after purchasing an additional 295,563 shares during the period. Toronto Dominion Bank owned approximately 0.08% of GE Aerospace worth $139,026,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of GE. New Age Alpha Advisors LLC grew its stake in shares of GE Aerospace by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock valued at $25,000 after purchasing an additional 84 shares during the last quarter. Hager Investment Management Services LLC purchased a new position in GE Aerospace during the fourth quarter worth $27,000. Sumitomo Mitsui Financial Group Inc. purchased a new stake in shares of GE Aerospace in the fourth quarter valued at $28,000. Sugar Maple Asset Management LLC purchased a new stake in GE Aerospace during the fourth quarter valued at about $29,000. Finally, CBIZ Investment Advisory Services LLC purchased a new stake in GE Aerospace during the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 74.77% of the company's stock.

Insider Activity at GE Aerospace

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total value of $321,473.34. Following the transaction, the senior vice president now owns 8,805 shares of the company's stock, valued at approximately $1,766,899.35. This represents a 15.39% decrease in their ownership of the stock. 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 the 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 transaction, the vice president now directly owns 11,540 shares in the company, valued at $2,270,264.20. The trade was a 26.23% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company's stock.

GE Aerospace Stock Up 1.1%

Shares of NYSE:GE traded up $2.48 during midday trading on Friday, hitting $231.86. 4,642,569 shares of the stock were exchanged, compared to its average volume of 5,350,247. 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 has a 52-week low of $150.20 and a 52-week high of $232.32. The business's fifty day simple moving average is $198.19 and its two-hundred day simple moving average is $189.71. The company has a market capitalization of $247.25 billion, a PE ratio of 38.71, a P/E/G ratio of 2.59 and a beta of 1.31.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.20. The company had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.06 billion. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. As a group, research analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GE has been the topic of a number of recent research reports. Bank of America boosted their price objective on GE Aerospace from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. 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. UBS Group increased their price objective on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Royal Bank of Canada restated an "outperform" rating and issued a $220.00 target price on shares of GE Aerospace in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company upped their target price on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.