Daymark Wealth Partners LLC Decreases Stake in GE Aerospace (NYSE:GE)

Daymark Wealth Partners LLC lowered its position in GE Aerospace (NYSE:GE) by 0.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,879 shares of the company’s stock after selling 99 shares during the quarter. Daymark Wealth Partners LLC’s holdings in GE Aerospace were worth $4,579,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in GE. New Age Alpha Advisors LLC lifted its stake in GE Aerospace by 133.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the company’s stock worth $25,000 after acquiring an additional 84 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. purchased a new position in GE Aerospace in the fourth quarter worth approximately $28,000. Putney Financial Group LLC purchased a new position in GE Aerospace in the fourth quarter worth approximately $28,000. CBIZ Investment Advisory Services LLC purchased a new position in GE Aerospace in the fourth quarter worth approximately $29,000. Finally, Copia Wealth Management lifted its position in shares of GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company’s stock worth $29,000 after buying an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Insider Transactions at GE Aerospace

In other news, SVP Mohamed Ali sold 1,602 shares of the firm’s stock in a transaction 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 sale, the senior vice president now owns 8,805 shares in the company, valued at approximately $1,766,899.35. This trade represents a 15.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president now owns 11,540 shares of the company’s stock, valued at $2,270,264.20. This trade represents a 26.23% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GE shares. Wells Fargo & Company boosted their price objective 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 boosted their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. 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 downgraded shares of GE Aerospace from a “buy” rating to a “neutral” rating in a research report on Monday, May 19th. Finally, Royal Bank Of Canada set a $275.00 price objective on shares of GE Aerospace and gave the stock 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $221.15.

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $248.95 on Wednesday. The firm’s fifty day simple moving average is $224.44 and its 200-day simple moving average is $201.31. The stock has a market capitalization of $265.48 billion, a price-to-earnings ratio of 38.72, a PEG ratio of 2.99 and a beta of 1.38. GE Aerospace has a 12 month low of $150.20 and a 12 month high of $257.47. 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 (NYSE:GE) last announced its earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.20. The business had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.06 billion. GE Aerospace had a net margin of 17.63% and a return on equity of 29.15%. As a group, equities analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

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.