Continuum Wealth Advisors LLC Buys 424 Shares of GE Aerospace (NYSE:GE)

Continuum Wealth Advisors LLC increased its stake in shares of GE Aerospace (NYSE:GE) by 17.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,841 shares of the company’s stock after buying an additional 424 shares during the quarter. GE Aerospace comprises approximately 0.3% of Continuum Wealth Advisors LLC’s investment portfolio, making the stock its 28th biggest position. Continuum Wealth Advisors LLC’s holdings in GE Aerospace were worth $569,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after acquiring an additional 2,421 shares during the period. Revolve Wealth Partners LLC raised its position in GE Aerospace by 7.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after purchasing an additional 150 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in GE Aerospace during the fourth quarter worth $228,000. Wealth Alliance boosted its holdings in shares of GE Aerospace by 20.4% in the 4th quarter. Wealth Alliance now owns 3,299 shares of the company’s stock valued at $550,000 after purchasing an additional 560 shares in the last quarter. Finally, First Bank & Trust boosted its holdings in shares of GE Aerospace by 6.0% in the 4th quarter. First Bank & Trust now owns 1,525 shares of the company’s stock valued at $254,000 after purchasing an additional 86 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

GE has been the subject of a number of research analyst reports. Royal Bank Of Canada set a $275.00 price target on GE Aerospace and gave the stock an “outperform” rating in a report on Tuesday, June 3rd. 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 report on Thursday, April 24th. Citigroup decreased their target price 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. 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. Finally, Northcoast Research downgraded shares of GE Aerospace from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, GE Aerospace has an average rating of “Moderate Buy” and a consensus price target of $221.15.

GE Aerospace Trading Up 1.3%

GE opened at $238.91 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.08 and a quick ratio of 0.77. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $257.47. The company’s 50 day moving average price is $221.93 and its two-hundred day moving average price is $200.15. The firm has a market capitalization of $254.78 billion, a price-to-earnings ratio of 37.16, a PEG ratio of 2.85 and a beta of 1.38.

GE Aerospace (NYSE:GE) last issued its quarterly 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 analyst estimates of $9.06 billion. GE Aerospace had a net margin of 17.63% and a return on equity of 29.15%. As a group, research analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

Insiders Place Their Bets

In other news, 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 transaction, the senior vice president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert M. Giglietti sold 4,104 shares of the company’s stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $196.73, for a total transaction of $807,379.92. Following the completion of the sale, the vice president now directly owns 11,540 shares in the company, valued at approximately $2,270,264.20. This represents a 26.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.

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.