West Branch Capital LLC Has $684,000 Stock Holdings in GE Aerospace (NYSE:GE)

West Branch Capital LLC grew its holdings in GE Aerospace (NYSE:GE) by 406.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,419 shares of the company’s stock after buying an additional 2,744 shares during the quarter. West Branch Capital LLC’s holdings in GE Aerospace were worth $684,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Everhart Financial Group Inc. increased its stake in shares of GE Aerospace by 7.1% in the first quarter. Everhart Financial Group Inc. now owns 10,044 shares of the company’s stock valued at $2,010,000 after buying an additional 667 shares in the last quarter. Bensler LLC acquired a new stake in shares of GE Aerospace in the first quarter valued at $211,000. Relyea Zuckerberg Hanson LLC increased its stake in shares of GE Aerospace by 4.8% in the first quarter. Relyea Zuckerberg Hanson LLC now owns 2,541 shares of the company’s stock valued at $509,000 after buying an additional 116 shares in the last quarter. Paragon Capital Management Ltd acquired a new stake in shares of GE Aerospace in the first quarter valued at $248,000. Finally, NorthCrest Asset Manangement LLC increased its position in GE Aerospace by 181.6% in the first quarter. NorthCrest Asset Manangement LLC now owns 6,623 shares of the company’s stock worth $1,326,000 after purchasing an additional 4,271 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Mohamed Ali sold 1,602 shares of GE Aerospace 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 transaction, the senior vice president now owns 8,805 shares in the company, valued at $1,766,899.35. The trade was a 15.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace 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 transaction, the vice president now owns 11,540 shares in the company, 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.

GE Aerospace Price Performance

Shares of GE opened at $236.07 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. GE Aerospace has a 1 year low of $150.20 and a 1 year high of $257.47. The stock has a market cap of $251.74 billion, a P/E ratio of 39.41, a price-to-earnings-growth ratio of 2.59 and a beta of 1.38. The stock’s 50-day moving average price is $216.42 and its two-hundred day moving average price is $198.24.

GE Aerospace (NYSE:GE) last issued its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.20. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. The firm had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.06 billion. On average, equities analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

Wall Street Analyst Weigh In

GE has been the subject of a number of research reports. Citigroup lowered their price objective on 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 lowered GE Aerospace from a “buy” rating to a “neutral” rating in a research report on Monday, May 19th. Royal Bank of Canada set a $275.00 price objective on GE Aerospace and gave the stock an “outperform” rating in a research report on Tuesday, June 3rd. 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 report on Thursday, April 24th. Finally, Redburn Atlantic initiated coverage on GE Aerospace in a research report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $221.15.

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.