Eclectic Associates Inc. ADV Invests $255,000 in GE Aerospace (NYSE:GE)

Eclectic Associates Inc. ADV purchased a new stake in GE Aerospace (NYSE:GE) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,275 shares of the company’s stock, valued at approximately $255,000.

A number of other large investors have also made changes to their positions in the stock. Brighton Jones LLC increased its holdings in GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after acquiring an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings 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 acquiring an additional 150 shares in the last quarter. Golden State Equity Partners increased its holdings in GE Aerospace by 255.2% during the 4th quarter. Golden State Equity Partners now owns 1,236 shares of the company’s stock valued at $206,000 after acquiring an additional 888 shares in the last quarter. Boston Trust Walden Corp increased its holdings in GE Aerospace by 6.5% during the 4th quarter. Boston Trust Walden Corp now owns 5,739 shares of the company’s stock valued at $957,000 after acquiring an additional 350 shares in the last quarter. Finally, 1858 Wealth Management LLC increased its holdings in GE Aerospace by 19.8% during the 4th quarter. 1858 Wealth Management LLC now owns 9,268 shares of the company’s stock valued at $1,546,000 after acquiring an additional 1,529 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Northcoast Research cut shares of GE Aerospace from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. Wells Fargo & Company boosted their target price 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. Redburn Atlantic assumed coverage on shares of GE Aerospace in a research report on Tuesday, February 18th. They set a “buy” rating and a $250.00 price target on the stock. UBS Group lifted their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the company a “buy” rating in a research report on Wednesday, April 23rd. Finally, Citigroup reduced their price target on shares of GE Aerospace from $235.00 to $227.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $221.15.

Insider Buying and Selling at GE Aerospace

In related news, VP Robert M. Giglietti sold 4,104 shares of the company’s stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $196.73, for a total value 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 represents a 26.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 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. The trade was a 15.39% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is owned by insiders.

GE Aerospace Trading Up 0.8%

GE opened at $250.97 on Thursday. The stock has a market capitalization of $267.63 billion, a PE ratio of 41.90, a P/E/G ratio of 2.59 and a beta of 1.38. The firm’s fifty day moving average price is $207.88 and its 200 day moving average price is $195.04. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. GE Aerospace has a 12-month low of $150.20 and a 12-month high of $253.06.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results 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. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. The firm had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.06 billion. As a group, research analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal 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.