SG Trading Solutions LLC bought a new position in GE Aerospace (NYSE:GE – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,296 shares of the company’s stock, valued at approximately $1,939,000.
Several other institutional investors also recently bought and sold shares of the business. Nolet Wealth Management LLC purchased a new position in shares of GE Aerospace during the 4th quarter worth $272,000. Drake & Associates LLC grew its position in shares of GE Aerospace by 4.5% in the fourth quarter. Drake & Associates LLC now owns 4,572 shares of the company’s stock valued at $1,408,000 after purchasing an additional 195 shares during the period. Monetary Solutions Ltd purchased a new stake in shares of GE Aerospace in the fourth quarter valued at $69,000. MV Capital Management Inc. acquired a new position in shares of GE Aerospace during the 4th quarter valued at about $577,000. Finally, Sunbelt Securities Inc. increased its position in GE Aerospace by 4.2% during the fourth quarter. Sunbelt Securities Inc. now owns 5,378 shares of the company’s stock worth $1,656,000 after purchasing an additional 216 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.
GE Aerospace Trading Up 0.5%
GE opened at $358.77 on Friday. The firm’s 50 day moving average is $308.70 and its 200-day moving average is $309.03. GE Aerospace has a 52-week low of $236.51 and a 52-week high of $364.70. The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $374.32 billion, a P/E ratio of 44.18, a P/E/G ratio of 3.16 and a beta of 1.37.
Analysts Set New Price Targets
A number of research firms recently issued reports on GE. BNP Paribas Exane dropped their target price on shares of GE Aerospace from $300.00 to $270.00 and set an “underperform” rating for the company in a research report on Thursday, May 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $355.00 price target on shares of GE Aerospace in a research report on Wednesday, May 20th. UBS Group cut their price objective on GE Aerospace from $357.00 to $350.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Sanford C. Bernstein boosted their price objective on GE Aerospace from $374.00 to $405.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. Finally, TD Cowen decreased their target price on GE Aerospace from $350.00 to $330.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $348.22.
Read Our Latest Stock Analysis on GE
About GE Aerospace
GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.
Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.
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