NBC Securities Inc. Increases Stock Holdings in GE Aerospace (NYSE:GE)

NBC Securities Inc. boosted its position in shares of GE Aerospace (NYSE:GE) by 127,966.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,842 shares of the company’s stock after acquiring an additional 3,839 shares during the quarter. NBC Securities Inc.’s holdings in GE Aerospace were worth $769,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Baker Tilly Wealth Management LLC raised its position in GE Aerospace by 14.6% in the 1st quarter. Baker Tilly Wealth Management LLC now owns 2,818 shares of the company’s stock valued at $564,000 after purchasing an additional 359 shares in the last quarter. American National Bank & Trust raised its position in GE Aerospace by 5.8% in the 1st quarter. American National Bank & Trust now owns 5,112 shares of the company’s stock valued at $1,023,000 after purchasing an additional 280 shares in the last quarter. Czech National Bank raised its position in GE Aerospace by 5.1% in the 1st quarter. Czech National Bank now owns 246,518 shares of the company’s stock valued at $49,341,000 after purchasing an additional 11,855 shares in the last quarter. Quantum Financial Advisors LLC acquired a new stake in GE Aerospace in the 1st quarter valued at about $297,000. Finally, Mirador Capital Partners LP acquired a new stake in GE Aerospace in the 1st quarter valued at about $323,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GE shares. Wells Fargo & Company increased their price target on GE Aerospace from $212.00 to $222.00 and gave the company an “overweight” rating in a research report on Thursday, April 24th. Northcoast Research lowered GE Aerospace from a “buy” rating to a “neutral” rating in a research report on Monday, May 19th. Redburn Atlantic started coverage on GE Aerospace in a research report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price target on the stock. Royal Bank of Canada boosted their target price on GE Aerospace from $220.00 to $275.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, UBS Group boosted their target price on GE Aerospace from $207.00 to $216.00 and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.15.

GE Aerospace Trading Up 0.6%

GE opened at $248.89 on Wednesday. The firm has a market cap of $265.41 billion, a price-to-earnings ratio of 41.55, a price-to-earnings-growth ratio of 2.59 and a beta of 1.38. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $250.50. The business’s 50 day moving average is $206.85 and its two-hundred day moving average is $194.65. 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 (NYSE:GE) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.29 by $0.20. The company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. On average, research analysts predict that GE Aerospace will post 5.4 EPS for the current year.

Insiders Place Their Bets

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 stock was 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 of the company’s stock, valued at approximately $2,270,264.20. The trade was a 26.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the business’s stock in a transaction that occurred 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 directly owns 8,805 shares in the company, valued at approximately $1,766,899.35. The trade was a 15.39% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by corporate insiders.

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.