Orion Capital Management LLC Buys Shares of 310 GE Aerospace (NYSE:GE)

Orion Capital Management LLC bought a new stake in GE Aerospace (NYSE:GE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 310 shares of the company’s stock, valued at approximately $52,000.

Several other hedge funds have also recently bought and sold shares of GE. New Age Alpha Advisors LLC increased its holdings in 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 buying an additional 84 shares during the period. Hager Investment Management Services LLC bought a new stake in shares of GE Aerospace during the 4th quarter valued at approximately $27,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of GE Aerospace during the 4th quarter valued at approximately $28,000. Sugar Maple Asset Management LLC bought a new stake in shares of GE Aerospace during the 4th quarter valued at approximately $29,000. Finally, CBIZ Investment Advisory Services LLC bought a new stake in shares of GE Aerospace during the 4th quarter valued at approximately $29,000. 74.77% of the stock is owned by institutional investors.

GE Aerospace Stock Down 0.7%

NYSE:GE opened at $233.56 on Thursday. The firm’s 50 day simple moving average is $200.56 and its 200 day simple moving average is $190.76. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. GE Aerospace has a one year low of $150.20 and a one year high of $237.30. The company has a market cap of $249.07 billion, a PE ratio of 38.99, a P/E/G ratio of 2.59 and a beta of 1.31.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.20. The firm had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. On average, research analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

Insider Transactions at GE Aerospace

In other news, VP Robert M. Giglietti sold 4,104 shares of the business’s stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $196.73, for a total value of $807,379.92. Following the transaction, the vice president now owns 11,540 shares in the company, valued at approximately $2,270,264.20. The trade was a 26.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mohamed Ali sold 1,602 shares of the business’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 transaction of $321,473.34. Following the completion of the transaction, the senior vice president now owns 8,805 shares in the company, valued at $1,766,899.35. This trade represents a 15.39% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GE shares. Wells Fargo & Company lifted their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. UBS Group lifted their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. Redburn Atlantic started coverage on shares of GE Aerospace in a report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $220.00 price target on shares of GE Aerospace in a report on Wednesday, April 23rd. Finally, Bank of America lifted their price target on shares of GE Aerospace from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, January 27th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $216.92.

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.