1,843 Shares in GE Aerospace (NYSE:GE) Purchased by Bay Rivers Group

Bay Rivers Group purchased a new position in GE Aerospace (NYSE:GE) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,843 shares of the company’s stock, valued at approximately $369,000.

A number of other hedge funds also recently bought and sold shares of GE. Truvestments Capital LLC boosted its holdings in shares of GE Aerospace by 26.2% during the 4th quarter. Truvestments Capital LLC now owns 236 shares of the company’s stock valued at $39,000 after acquiring an additional 49 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE boosted its holdings in shares of GE Aerospace by 17.6% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company’s stock valued at $56,000 after acquiring an additional 50 shares during the last quarter. Ballast Advisors LLC boosted its holdings in shares of GE Aerospace by 2.5% during the 4th quarter. Ballast Advisors LLC now owns 2,093 shares of the company’s stock valued at $349,000 after acquiring an additional 51 shares during the last quarter. Blue Barn Wealth LLC boosted its holdings in shares of GE Aerospace by 3.8% during the 4th quarter. Blue Barn Wealth LLC now owns 1,466 shares of the company’s stock valued at $245,000 after acquiring an additional 54 shares during the last quarter. Finally, First Heartland Consultants Inc. boosted its holdings in shares of GE Aerospace by 1.2% during the 4th quarter. First Heartland Consultants Inc. now owns 4,729 shares of the company’s stock valued at $789,000 after acquiring an additional 54 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Price Performance

NYSE GE opened at $250.97 on Thursday. GE Aerospace has a 12 month low of $150.20 and a 12 month high of $253.06. The stock has a market cap of $267.63 billion, a price-to-earnings ratio of 41.90, a PEG ratio of 2.59 and a beta of 1.38. The company’s 50 day moving average is $207.88 and its two-hundred day moving average is $195.04. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE) last released 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. As a group, research analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

Insiders Place Their Bets

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total transaction of $321,473.34. Following the completion of the sale, the senior vice president now directly owns 8,805 shares of the company’s stock, valued at $1,766,899.35. This trade represents a 15.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction that occurred 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 sale, the vice president now directly owns 11,540 shares of the company’s stock, valued at approximately $2,270,264.20. This trade represents 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 company insiders.

Analysts Set New Price Targets

GE has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. UBS Group increased their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. Redburn Atlantic initiated coverage on shares of GE Aerospace in a research note on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price objective on the stock. Citigroup lowered 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. Finally, Royal Bank of Canada increased their price objective on shares of GE Aerospace from $220.00 to $275.00 and gave the stock an “outperform” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $221.15.

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.