Revisor Wealth Management LLC Sells 4,912 Shares of GE Aerospace (NYSE:GE)

Revisor Wealth Management LLC lowered its stake in GE Aerospace (NYSE:GE) by 66.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,458 shares of the company’s stock after selling 4,912 shares during the quarter. Revisor Wealth Management LLC’s holdings in GE Aerospace were worth $410,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. New Age Alpha Advisors LLC increased its position in shares of GE Aerospace by 133.3% during 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 bought a new stake in GE Aerospace during the fourth quarter valued at approximately $27,000. Sumitomo Mitsui Financial Group Inc. purchased a new stake in GE Aerospace during the fourth quarter valued at approximately $28,000. CBIZ Investment Advisory Services LLC bought a new position in GE Aerospace in the fourth quarter worth approximately $29,000. Finally, Picton Mahoney Asset Management raised its position in GE Aerospace by 62.4% in the fourth quarter. Picton Mahoney Asset Management now owns 177 shares of the company’s stock worth $30,000 after acquiring an additional 68 shares during the period. Institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GE shares. Redburn Atlantic started coverage on shares of GE Aerospace in a research report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price objective for the company. Citigroup reduced 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $220.00 price objective on shares of GE Aerospace in a research report on Wednesday, April 23rd. Northcoast Research downgraded GE Aerospace from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. Finally, UBS Group increased their target price on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, GE Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $216.92.

Insider Activity

In related news, 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 transaction of $321,473.34. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace 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 completion of the transaction, 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 ownership of the stock. 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 GE stock opened at $232.86 on Friday. The stock has a market cap of $248.32 billion, a P/E ratio of 38.87, a PEG ratio of 2.59 and a beta of 1.31. The company’s fifty day simple moving average is $201.76 and its two-hundred day simple moving average is $191.56. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $237.30.

GE Aerospace (NYSE:GE) last posted its earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates 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%. Analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

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.