Tandem Capital Management Corp ADV Has $7.86 Million Stock Position in GE Aerospace (NYSE:GE)

Tandem Capital Management Corp ADV decreased its holdings in shares of GE Aerospace (NYSE:GE) by 1.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,282 shares of the company’s stock after selling 541 shares during the period. GE Aerospace comprises approximately 4.4% of Tandem Capital Management Corp ADV’s holdings, making the stock its 2nd largest position. Tandem Capital Management Corp ADV’s holdings in GE Aerospace were worth $7,862,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of GE. Copia Wealth Management boosted its holdings in GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company’s stock worth $29,000 after buying an additional 142 shares during the period. New Age Alpha Advisors LLC boosted its holdings in GE Aerospace by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company’s stock worth $25,000 after buying an additional 84 shares during the period. Sumitomo Mitsui Financial Group Inc. bought a new position in GE Aerospace in the 4th quarter worth $28,000. Putney Financial Group LLC bought a new position in GE Aerospace in the 4th quarter worth $28,000. Finally, CBIZ Investment Advisory Services LLC bought a new position in GE Aerospace in the 4th quarter worth $29,000. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Up 1.3%

Shares of GE stock opened at $238.91 on Friday. The stock has a market cap of $254.78 billion, a P/E ratio of 37.16, a PEG ratio of 2.89 and a beta of 1.38. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $257.47. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.90. The company’s fifty day simple moving average is $221.93 and its two-hundred day simple moving average is $200.27.

GE Aerospace (NYSE:GE) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.29 by $0.20. The business had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.06 billion. GE Aerospace had a net margin of 17.63% and a return on equity of 29.15%. Analysts predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GE. Citigroup dropped their target price on shares of GE Aerospace from $235.00 to $227.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Royal Bank Of Canada set a $275.00 target price on shares of GE Aerospace and gave the stock an “outperform” rating in a report on Tuesday, June 3rd. Northcoast Research downgraded shares of GE Aerospace from a “buy” rating to a “neutral” rating in a report on Monday, May 19th. Wells Fargo & Company boosted their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. Finally, UBS Group boosted their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, GE Aerospace currently has an average rating of “Moderate Buy” and a consensus price target of $221.15.

Insider Activity

In other news, SVP Mohamed Ali sold 1,602 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,766,899.35. This represents a 15.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $807,379.92. Following the sale, the vice president now owns 11,540 shares in the company, valued at $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. Corporate insiders own 0.21% of the company’s stock.

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.