GE Aerospace (NYSE:GE) Stake Increased by Western Wealth Management LLC

Western Wealth Management LLC boosted its stake in GE Aerospace (NYSE:GE) by 4.0% during the 1st quarter, HoldingsChannel reports. The fund owned 13,357 shares of the company’s stock after buying an additional 513 shares during the period. Western Wealth Management LLC’s holdings in GE Aerospace were worth $2,673,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. New Age Alpha Advisors LLC increased its position in shares of GE Aerospace by 133.3% in the 4th 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 last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of GE Aerospace during the 4th quarter worth approximately $28,000. Putney Financial Group LLC bought a new stake in GE Aerospace in the fourth quarter valued at $28,000. CBIZ Investment Advisory Services LLC bought a new stake in GE Aerospace in the 4th quarter valued at about $29,000. Finally, Copia Wealth Management raised its holdings in shares of GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company’s stock valued at $29,000 after buying an additional 142 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

Insider Transactions at GE Aerospace

In related news, SVP Mohamed Ali sold 1,602 shares of the firm’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 owns 8,805 shares of the company’s stock, valued at approximately $1,766,899.35. This trade represents a 15.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is owned by insiders.

GE Aerospace Stock Performance

Shares of GE opened at $249.86 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.08 and a quick ratio of 0.77. The firm’s 50 day moving average is $225.79 and its 200-day moving average is $201.64. GE Aerospace has a 12-month low of $150.20 and a 12-month high of $257.47. The stock has a market capitalization of $266.45 billion, a P/E ratio of 38.86, a P/E/G ratio of 3.00 and a beta of 1.38.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.20. GE Aerospace had a net margin of 17.63% and a return on equity of 29.15%. The firm had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. Equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on GE shares. Wells Fargo & Company lifted their target price on GE Aerospace from $212.00 to $222.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. Citigroup cut their price objective on shares of GE Aerospace from $235.00 to $227.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Northcoast Research downgraded shares of GE Aerospace from a “buy” rating to a “neutral” rating in a report on Monday, May 19th. UBS Group raised their target price on shares of GE Aerospace from $207.00 to $216.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. Finally, Royal Bank Of Canada set a $275.00 price target on shares of GE Aerospace and gave the stock an “outperform” rating in a research report on Tuesday, June 3rd. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, GE Aerospace has an average rating of “Moderate Buy” and an average target price of $221.15.

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.