FWG Holdings LLC Acquires 1,107 Shares of GE Aerospace (NYSE:GE)

FWG Holdings LLC lifted its holdings in shares of GE Aerospace (NYSE:GE) by 67.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,749 shares of the company’s stock after acquiring an additional 1,107 shares during the quarter. FWG Holdings LLC’s holdings in GE Aerospace were worth $551,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New Age Alpha Advisors LLC boosted its position in shares of GE Aerospace by 133.3% during the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the company’s stock valued at $25,000 after buying an additional 84 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. purchased a new position in GE Aerospace in the fourth quarter worth about $28,000. Putney Financial Group LLC purchased a new position in GE Aerospace in the fourth quarter worth about $28,000. Copia Wealth Management boosted its position in GE Aerospace by 14,200.0% in the first quarter. Copia Wealth Management now owns 143 shares of the company’s stock worth $29,000 after purchasing an additional 142 shares during the last quarter. Finally, Picton Mahoney Asset Management boosted its position in GE Aerospace by 62.4% in the fourth quarter. Picton Mahoney Asset Management now owns 177 shares of the company’s stock worth $30,000 after purchasing an additional 68 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on GE shares. Wells Fargo & Company lifted their price objective on GE Aerospace from $212.00 to $222.00 and gave the company an “overweight” rating in a research report on Thursday, April 24th. Citigroup reissued a “buy” rating and issued a $296.00 price target (up from $227.00) on shares of GE Aerospace in a report on Monday. Royal Bank Of Canada set a $275.00 price target on GE Aerospace and gave the stock an “outperform” rating in a report on Tuesday, June 3rd. UBS Group boosted their price target on GE Aerospace from $207.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. Finally, Northcoast Research cut GE Aerospace from a “buy” rating to a “neutral” rating in a report on Monday, May 19th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, GE Aerospace presently has a consensus rating of “Moderate Buy” and an average target price of $229.50.

GE Aerospace Price Performance

Shares of GE stock opened at $264.89 on Wednesday. GE Aerospace has a 1-year low of $150.20 and a 1-year high of $265.75. The stock’s 50-day moving average is $241.36 and its 200 day moving average is $210.06. The company has a market cap of $282.48 billion, a P/E ratio of 41.20, a PEG ratio of 3.14 and a beta of 1.37. 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 (NYSE:GE) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.20. The business had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $9.06 billion. GE Aerospace had a return on equity of 29.15% and a net margin of 17.63%. Research analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, July 7th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.54%. GE Aerospace’s dividend payout ratio is currently 22.40%.

Insider Activity at GE Aerospace

In related news, SVP Mohamed Ali sold 1,602 shares of GE Aerospace stock in a transaction that occurred on 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 transaction, the senior vice president directly owned 8,805 shares in the company, valued at approximately $1,766,899.35. This trade represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 owned 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. 0.21% of the stock is currently owned by company insiders.

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.