1,049 Shares in GE Aerospace (NYSE:GE) Bought by Nvest Financial LLC

Nvest Financial LLC bought a new stake in GE Aerospace (NYSE:GE) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,049 shares of the company’s stock, valued at approximately $210,000.

Several other institutional investors and hedge funds have also bought and sold shares of GE. Creative Financial Designs Inc. ADV lifted its position in GE Aerospace by 5.2% during the first quarter. Creative Financial Designs Inc. ADV now owns 1,464 shares of the company’s stock valued at $293,000 after purchasing an additional 73 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of GE Aerospace by 10.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 73,560 shares of the company’s stock valued at $14,723,000 after buying an additional 6,882 shares in the last quarter. Terra Nova Asset Management LLC lifted its position in shares of GE Aerospace by 1.7% during the 1st quarter. Terra Nova Asset Management LLC now owns 16,326 shares of the company’s stock valued at $3,268,000 after buying an additional 267 shares in the last quarter. Pure Financial Advisors LLC grew its stake in shares of GE Aerospace by 7.0% during the 1st quarter. Pure Financial Advisors LLC now owns 3,620 shares of the company’s stock valued at $725,000 after acquiring an additional 236 shares during the period. Finally, Tyche Wealth Partners LLC increased its holdings in GE Aerospace by 10.1% in the 1st quarter. Tyche Wealth Partners LLC now owns 3,076 shares of the company’s stock worth $616,000 after acquiring an additional 281 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at GE Aerospace

In other news, SVP Mohamed Ali sold 1,602 shares of the company’s stock in a transaction dated 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 represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace 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 owns 11,540 shares of the company’s stock, valued at approximately $2,270,264.20. This represents a 26.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.

Wall Street Analysts Forecast Growth

GE has been the subject of a number of recent analyst reports. Citigroup dropped their price target 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 GE Aerospace from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. Royal Bank Of Canada set a $275.00 price target on shares of GE Aerospace and gave the stock an “outperform” rating in a research note on Tuesday, June 3rd. UBS Group boosted their target price on GE Aerospace from $207.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company lifted their price objective on GE Aerospace from $212.00 to $222.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $221.15.

GE Aerospace Trading Up 0.4%

Shares of NYSE:GE opened at $249.86 on Thursday. The business’s 50-day moving average is $225.79 and its 200 day moving average is $201.64. 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 has a 1 year low of $150.20 and a 1 year high of $257.47. The firm has a market capitalization of $266.45 billion, a P/E ratio of 38.86, a P/E/G ratio of 3.00 and a beta of 1.38.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 earnings per share (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, research analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal 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.