GE Aerospace (NYSE:GE) Stock Price Down 1.9% – Should You Sell?

by · The Cerbat Gem

GE Aerospace (NYSE:GEGet Free Report)’s stock price fell 1.9% on Friday . The company traded as low as $296.83 and last traded at $296.9120. 3,943,553 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 6,013,238 shares. The stock had previously closed at $302.63.

GE Aerospace News Summary

Here are the key news stories impacting GE Aerospace this week:

Analysts Set New Price Targets

A number of research firms recently issued reports on GE. Daiwa Securities Group started coverage on shares of GE Aerospace in a report on Tuesday, March 31st. They set a “neutral” rating and a $301.00 price objective for the company. Sanford C. Bernstein increased their target price on shares of GE Aerospace from $374.00 to $405.00 and gave the company an “outperform” rating in a research report on Tuesday, March 3rd. Susquehanna reissued a “positive” rating and set a $380.00 target price on shares of GE Aerospace in a research report on Thursday, January 15th. JPMorgan Chase & Co. raised their price target on shares of GE Aerospace from $325.00 to $335.00 and gave the stock an “overweight” rating in a research note on Monday, January 26th. Finally, Wolfe Research lifted their price target on shares of GE Aerospace from $340.00 to $360.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, GE Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $349.89.

Read Our Latest Stock Report on GE

GE Aerospace Stock Down 1.9%

The stock’s 50 day moving average is $302.98 and its 200 day moving average is $306.34. The company has a market capitalization of $309.78 billion, a PE ratio of 36.57, a PEG ratio of 2.84 and a beta of 1.36. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.70 and a current ratio of 1.01.

GE Aerospace (NYSE:GEGet Free Report) last released its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.26. The business had revenue of $11.61 billion during the quarter, compared to analyst estimates of $11.61 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. GE Aerospace’s revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, sell-side analysts anticipate that GE Aerospace will post 7.46 EPS for the current fiscal year.

Institutional Trading of GE Aerospace

A number of institutional investors have recently added to or reduced their stakes in GE. Auto Owners Insurance Co boosted its position in shares of GE Aerospace by 52,247.5% in the fourth quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company’s stock valued at $2,024,413,000 after acquiring an additional 65,595,733 shares during the period. Norges Bank purchased a new stake in GE Aerospace in the 4th quarter worth approximately $4,444,736,000. Jennison Associates LLC boosted its holdings in GE Aerospace by 37.7% in the 1st quarter. Jennison Associates LLC now owns 11,026,006 shares of the company’s stock valued at $3,128,850,000 after purchasing an additional 3,017,937 shares during the period. Capital World Investors boosted its holdings in GE Aerospace by 16.2% in the 3rd quarter. Capital World Investors now owns 21,442,810 shares of the company’s stock valued at $6,449,731,000 after purchasing an additional 2,995,054 shares during the period. Finally, Corient Private Wealth LLC grew its position in shares of GE Aerospace by 382.1% during the 4th quarter. Corient Private Wealth LLC now owns 2,757,281 shares of the company’s stock valued at $849,325,000 after purchasing an additional 2,185,321 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

About GE Aerospace

(Get Free Report)

GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.

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