GE Aerospace (NYSE:GE) Shares Bought by SGL Investment Advisors Inc.

SGL Investment Advisors Inc. boosted its position in GE Aerospace (NYSE:GE) by 10.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,364 shares of the company’s stock after acquiring an additional 134 shares during the quarter. SGL Investment Advisors Inc.’s holdings in GE Aerospace were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Signal Advisors Wealth LLC raised its holdings in shares of GE Aerospace by 13.9% during the 4th quarter. Signal Advisors Wealth LLC now owns 1,432 shares of the company’s stock valued at $239,000 after buying an additional 175 shares during the period. Pines Wealth Management LLC acquired a new position in GE Aerospace during the 4th quarter valued at about $365,000. Kathmere Capital Management LLC boosted its position in GE Aerospace by 11.8% during the 4th quarter. Kathmere Capital Management LLC now owns 4,331 shares of the company’s stock worth $722,000 after acquiring an additional 456 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of GE Aerospace by 44.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,658 shares of the company’s stock valued at $443,000 after acquiring an additional 815 shares in the last quarter. Finally, ARS Wealth Advisors Group LLC boosted its stake in GE Aerospace by 13.2% during the fourth quarter. ARS Wealth Advisors Group LLC now owns 2,291 shares of the company’s stock valued at $382,000 after buying an additional 268 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Insider Activity

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total value of $321,473.34. Following the sale, the senior vice president now owns 8,805 shares in the company, valued at $1,766,899.35. This trade represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $196.73, for a total value of $807,379.92. Following the completion of the sale, the vice president now 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 2.6%

GE opened at $229.05 on Friday. The company has a 50 day moving average of $197.39 and a 200 day moving average of $189.08. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The company has a market cap of $244.26 billion, a PE ratio of 38.24, a price-to-earnings-growth ratio of 2.59 and a beta of 1.31. GE Aerospace has a 12 month low of $150.20 and a 12 month high of $230.97.

GE Aerospace (NYSE:GE) last issued 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. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. The company had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.06 billion. On average, sell-side analysts expect that GE Aerospace will post 5.4 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on GE shares. Northcoast Research upgraded GE Aerospace from a “neutral” rating to a “buy” rating and set a $205.00 price target for the company in a research report on Wednesday, April 9th. Wells Fargo & Company raised their target price on shares of GE Aerospace from $212.00 to $222.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. Redburn Atlantic started coverage on shares of GE Aerospace in a research note on Tuesday, February 18th. They issued a “buy” rating and a $250.00 target price for the company. Citigroup lowered their target price on shares of GE Aerospace from $235.00 to $227.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, UBS Group boosted their price objective on GE Aerospace from $207.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, GE Aerospace currently has a consensus rating of “Moderate Buy” and an average price target of $216.92.

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.