GE Aerospace (NYSE:GE) Trading 1% Higher – Still a Buy?
by Doug Wharley · The Cerbat GemShares of GE Aerospace (NYSE:GE – Get Free Report) rose 1% during trading on Thursday . The stock traded as high as $322.32 and last traded at $320.4520. Approximately 4,977,497 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 5,855,579 shares. The stock had previously closed at $317.21.
Wall Street Analyst Weigh In
GE has been the subject of several recent research reports. Zacks Research downgraded shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Wells Fargo & Company initiated coverage on shares of GE Aerospace in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $325.00 target price for the company. TD Cowen decreased their target price on shares of GE Aerospace from $350.00 to $330.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Wall Street Zen downgraded shares of GE Aerospace from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Seaport Research Partners initiated coverage on shares of GE Aerospace in a research report on Tuesday. They issued a “buy” rating and a $375.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, GE Aerospace has a consensus rating of “Moderate Buy” and an average price target of $348.22.
Read Our Latest Analysis on GE
GE Aerospace Trading Up 1.0%
The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99. The company’s fifty day moving average is $294.84 and its 200-day moving average is $305.47. The firm has a market capitalization of $334.34 billion, a P/E ratio of 39.46, a P/E/G ratio of 2.92 and a beta of 1.36.
GE Aerospace (NYSE:GE – Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.26. The business had revenue of $11.61 billion during the quarter, compared to the consensus estimate of $11.61 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. GE Aerospace’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.49 EPS. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, sell-side analysts anticipate that GE Aerospace will post 7.46 earnings per share for the current fiscal year.
Institutional Trading of GE Aerospace
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of GE Aerospace by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 92,731,541 shares of the company’s stock worth $28,564,097,000 after buying an additional 699,364 shares during the period. Auto Owners Insurance Co boosted its holdings in shares of GE Aerospace by 52,247.5% during the 4th quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company’s stock worth $2,024,413,000 after buying an additional 65,595,733 shares during the period. State Street Corp boosted its holdings in GE Aerospace by 1.5% in the 4th quarter. State Street Corp now owns 45,240,802 shares of the company’s stock valued at $13,951,570,000 after purchasing an additional 663,160 shares during the period. Geode Capital Management LLC boosted its holdings in GE Aerospace by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 24,774,942 shares of the company’s stock valued at $7,615,200,000 after purchasing an additional 312,880 shares during the period. Finally, 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. 74.77% of the stock is owned by institutional investors.
GE Aerospace Company Profile
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.