Dohj LLC Acquires 4,621 Shares of GE Aerospace (NYSE:GE)

Dohj LLC raised its holdings in GE Aerospace (NYSE:GE) by 100.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,244 shares of the company’s stock after buying an additional 4,621 shares during the period. Dohj LLC’s holdings in GE Aerospace were worth $1,850,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New Age Alpha Advisors LLC increased its stake in shares of GE Aerospace by 133.3% during the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the company’s stock worth $25,000 after purchasing an additional 84 shares during the period. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of GE Aerospace during the fourth quarter worth approximately $28,000. Putney Financial Group LLC bought a new position in shares of GE Aerospace during the fourth quarter worth approximately $28,000. CBIZ Investment Advisory Services LLC bought a new position in shares of GE Aerospace during the fourth quarter worth approximately $29,000. Finally, Picton Mahoney Asset Management increased its stake in shares of GE Aerospace by 62.4% during the fourth quarter. Picton Mahoney Asset Management now owns 177 shares of the company’s stock worth $30,000 after purchasing an additional 68 shares during the period. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Trading Down 1.6%

Shares of GE stock opened at $236.07 on Friday. The stock’s fifty day moving average price is $216.42 and its two-hundred day moving average price is $198.36. The company has a market cap of $251.74 billion, a PE ratio of 39.41, a P/E/G ratio of 2.59 and a beta of 1.38. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $257.47. 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 (NYSE:GE) last issued its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, beating 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 return on equity of 22.19% and a net margin of 14.31%. Equities analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

Insider Buying and Selling at GE Aerospace

In related news, VP Robert M. Giglietti sold 4,104 shares of the firm’s 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 sale, the vice president now owns 11,540 shares of the company’s stock, valued at $2,270,264.20. This trade represents a 26.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of the firm’s stock in a transaction 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 sale, the senior vice president now directly owns 8,805 shares in the company, valued at approximately $1,766,899.35. This trade represents a 15.39% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

GE has been the topic of a number of recent research reports. Wells Fargo & Company increased their price target on GE Aerospace from $212.00 to $222.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Northcoast Research downgraded GE Aerospace from a “buy” rating to a “neutral” rating in a research report on Monday, May 19th. UBS Group increased their price target on GE Aerospace from $207.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. Redburn Atlantic initiated coverage on GE Aerospace in a research report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target on the stock. Finally, Citigroup reduced 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. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.15.

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.