GE Aerospace (NYSE:GE) Trading Down 1.2% – What’s Next?

by · The Cerbat Gem

GE Aerospace (NYSE:GE – Get Free Report)’s share price dropped 1.2% during trading on Wednesday . The company traded as low as $307.87 and last traded at $308.20. 2,424,681 shares changed hands during trading, a decline of 55% from the average daily volume of 5,339,060 shares. The stock had previously closed at $311.79.

Wall Street Analyst Weigh In

GE has been the topic of a number of research reports. Wall Street Zen upgraded GE Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. UBS Group set a $366.00 price target on shares of GE Aerospace and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Wolfe Research lifted their price objective on shares of GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Royal Bank Of Canada raised their price target on GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $350.00 price objective on shares of GE Aerospace in a research note on Wednesday, October 8th. Sixteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $309.94.

View Our Latest Stock Analysis on GE

GE Aerospace Stock Down 1.2%

The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99. The company has a 50-day moving average of $301.59 and a two-hundred day moving average of $283.73. The company has a market capitalization of $325.09 billion, a P/E ratio of 41.15, a price-to-earnings-growth ratio of 2.41 and a beta of 1.40.

GE Aerospace (NYSE:GE – Get Free Report) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The company had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $10.29 billion. During the same quarter last year, the firm posted $1.15 earnings per share. The firm’s revenue was up 26.4% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, research analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Monday, December 29th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 29th. GE Aerospace’s dividend payout ratio (DPR) is presently 19.23%.

Insider Buying and Selling

In other news, SVP Russell Stokes sold 8,000 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the sale, the senior vice president directly owned 150,434 shares in the company, valued at approximately $44,785,706.14. This represents a 5.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is currently owned by insiders.

Institutional Trading of GE Aerospace

Several institutional investors have recently added to or reduced their stakes in GE. Bare Financial Services Inc increased its position in shares of GE Aerospace by 81.1% in the 2nd quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock valued at $25,000 after acquiring an additional 43 shares during the period. REAP Financial Group LLC purchased a new position in shares of GE Aerospace during the 3rd quarter valued at about $25,000. Marquette Asset Management LLC acquired a new stake in GE Aerospace during the third quarter worth about $26,000. Lavaca Capital LLC lifted its holdings in GE Aerospace by 1,666.7% in the second quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock valued at $27,000 after acquiring an additional 100 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC boosted its position in GE Aerospace by 147.2% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock worth $27,000 after purchasing an additional 53 shares in the last quarter. 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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