PBMares Wealth Management LLC Acquires 200 Shares of GE Aerospace (NYSE:GE)

PBMares Wealth Management LLC boosted its holdings in GE Aerospace (NYSE:GE) by 16.1% in the first quarter, HoldingsChannel reports. The firm owned 1,443 shares of the company’s stock after purchasing an additional 200 shares during the period. PBMares Wealth Management LLC’s holdings in GE Aerospace were worth $289,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC increased its position in GE Aerospace by 25.3% in the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after buying an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in GE Aerospace by 7.1% during the 4th 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. Pinnacle Financial Partners Inc increased its stake in GE Aerospace by 3.4% during the 4th quarter. Pinnacle Financial Partners Inc now owns 7,213 shares of the company’s stock valued at $1,203,000 after purchasing an additional 235 shares in the last quarter. Olympiad Research LP bought a new stake in GE Aerospace during the 4th quarter valued at $242,000. Finally, Wealthspire Advisors LLC increased its stake in GE Aerospace by 7.6% during the 4th quarter. Wealthspire Advisors LLC now owns 21,066 shares of the company’s stock valued at $3,514,000 after purchasing an additional 1,483 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GE shares. Citigroup reduced their price objective on shares of GE Aerospace from $235.00 to $227.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Northcoast Research lowered shares of GE Aerospace from a “buy” rating to a “neutral” rating in a research report on Monday, May 19th. Wells Fargo & Company increased their target price on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. UBS Group raised their price objective 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, Royal Bank Of Canada set a $275.00 price objective on shares of GE Aerospace and gave the company an “outperform” rating in a research report on Tuesday, June 3rd. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $221.15.

Insider Transactions at GE Aerospace

In related news, SVP Mohamed Ali sold 1,602 shares of the company’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total transaction of $321,473.34. Following the transaction, the senior vice president now directly owns 8,805 shares in the company, valued at approximately $1,766,899.35. This represents a 15.39% decrease in their position. The sale 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 the company’s stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $196.73, for a total value of $807,379.92. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders own 0.21% of the company’s stock.

GE Aerospace Stock Up 3.7%

NYSE GE opened at $248.18 on Tuesday. The stock’s 50-day moving average price is $223.18 and its 200-day moving average price is $200.97. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.90. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $257.47. The company has a market capitalization of $264.66 billion, a P/E ratio of 38.60, a price-to-earnings-growth ratio of 2.89 and a beta of 1.38.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating the consensus estimate 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 net margin of 17.63% and a return on equity of 29.15%. On average, equities research analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

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.