GE Aerospace (NYSE:GE) Shares Sold by Krilogy Financial LLC

Krilogy Financial LLC lessened its stake in shares of GE Aerospace (NYSE:GE) by 10.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,504 shares of the company’s stock after selling 2,578 shares during the quarter. Krilogy Financial LLC’s holdings in GE Aerospace were worth $4,304,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. West Branch Capital LLC increased its stake in shares of GE Aerospace by 406.5% during the first quarter. West Branch Capital LLC now owns 3,419 shares of the company’s stock valued at $684,000 after acquiring an additional 2,744 shares during the period. Everhart Financial Group Inc. increased its stake in shares of GE Aerospace by 7.1% during the first quarter. Everhart Financial Group Inc. now owns 10,044 shares of the company’s stock valued at $2,010,000 after acquiring an additional 667 shares during the period. Bensler LLC acquired a new position in shares of GE Aerospace during the first quarter valued at approximately $211,000. Relyea Zuckerberg Hanson LLC increased its stake in shares of GE Aerospace by 4.8% during the first quarter. Relyea Zuckerberg Hanson LLC now owns 2,541 shares of the company’s stock valued at $509,000 after acquiring an additional 116 shares during the period. Finally, Paragon Capital Management Ltd acquired a new position in shares of GE Aerospace during the first quarter valued at approximately $248,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on GE shares. Redburn Atlantic began coverage on shares of GE Aerospace in a research note on Tuesday, February 18th. They set a “buy” rating and a $250.00 price objective on the stock. UBS Group lifted their price target 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. 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 lifted their price target 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. Finally, Citigroup decreased 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 investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, GE Aerospace has a consensus rating of “Moderate Buy” and an average price target of $221.15.

Insider Buying and Selling

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace stock in a transaction on Thursday, April 24th. The shares were 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of GE Aerospace stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total transaction of $321,473.34. Following the sale, the senior vice president now directly owns 8,805 shares of the company’s stock, valued at $1,766,899.35. This trade represents a 15.39% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.

GE Aerospace Trading Down 1.6%

GE Aerospace stock opened at $236.07 on Friday. The company has a 50 day moving average price of $216.42 and a 200 day moving average price of $198.24. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $257.47. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. The firm has a market capitalization of $251.74 billion, a price-to-earnings ratio of 39.41, a P/E/G ratio of 2.59 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 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $9.06 billion. Research analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Company 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.