GE Aerospace (NYSE:GE) is Tyro Capital Management LLC’s 10th Largest Position

Tyro Capital Management LLC increased its position in GE Aerospace (NYSE:GE) by 20.1% in the fourth quarter, HoldingsChannel reports. The firm owned 84,822 shares of the company’s stock after purchasing an additional 14,215 shares during the quarter. GE Aerospace accounts for approximately 4.6% of Tyro Capital Management LLC’s holdings, making the stock its 10th biggest holding. Tyro Capital Management LLC’s holdings in GE Aerospace were worth $14,147,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State of Wyoming increased its holdings in shares of GE Aerospace by 28.3% in the 4th quarter. State of Wyoming now owns 721 shares of the company’s stock worth $120,000 after purchasing an additional 159 shares in the last quarter. Stonebrook Private Inc. grew its holdings in shares of GE Aerospace by 4.4% in the fourth quarter. Stonebrook Private Inc. now owns 1,620 shares of the company’s stock worth $270,000 after acquiring an additional 68 shares during the period. Strategic Wealth Partners Ltd. grew its holdings in shares of GE Aerospace by 7.2% in the fourth quarter. Strategic Wealth Partners Ltd. now owns 1,428 shares of the company’s stock worth $238,000 after acquiring an additional 96 shares during the period. Tang Capital Management LLC grew its holdings in shares of GE Aerospace by 327.4% in the fourth quarter. Tang Capital Management LLC now owns 5,911 shares of the company’s stock worth $986,000 after acquiring an additional 4,528 shares during the period. Finally, Tema Etfs LLC bought a new stake in shares of GE Aerospace in the fourth quarter worth $1,204,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

GE Aerospace Trading Up 1.1%

Shares of GE stock opened at $231.86 on Friday. GE Aerospace has a 1 year low of $150.20 and a 1 year high of $232.32. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The stock’s 50 day simple moving average is $198.19 and its two-hundred day simple moving average is $189.58. The company has a market cap of $247.25 billion, a PE ratio of 38.71, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data 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 the consensus estimate of $9.06 billion. Research analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

Analyst Ratings Changes

GE has been the topic of several analyst reports. UBS Group lifted their target price on GE Aerospace from $207.00 to $216.00 and gave the company a “buy” rating in a research report on Wednesday, April 23rd. Citigroup dropped their price objective 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. Wells Fargo & Company upped their price objective on GE Aerospace from $212.00 to $222.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. upped their price objective on GE Aerospace from $190.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Finally, Redburn Atlantic started 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. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $216.92.

Insider Transactions at GE Aerospace

In related news, SVP Mohamed Ali sold 1,602 shares of the 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 transaction, the senior vice president now owns 8,805 shares of the company’s stock, valued at $1,766,899.35. This represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction that occurred on Thursday, April 24th. The stock was 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 approximately $2,270,264.20. This trade represents a 26.23% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.

GE Aerospace Company 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.