GE Aerospace (NYSE:GE) Trading Down 2.2% – Here’s What Happened

by · The Cerbat Gem

GE Aerospace (NYSE:GEGet Free Report) traded down 2.2% during mid-day trading on Wednesday . The stock traded as low as $291.62 and last traded at $292.0910. 3,632,549 shares were traded during trading, a decline of 33% from the average session volume of 5,396,013 shares. The stock had previously closed at $298.73.

Trending Headlines about GE Aerospace

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on GE shares. Zacks Research lowered shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. BNP Paribas upgraded GE Aerospace to a “strong sell” rating in a research note on Tuesday, November 18th. BNP Paribas Exane initiated coverage on GE Aerospace in a research note on Tuesday, November 18th. They set an “underperform” rating for the company. Bank of America raised their target price on GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a report on Monday, October 27th. Finally, Wolfe Research lifted their price target on GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Sixteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, GE Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $309.94.

View Our Latest Report on GE

GE Aerospace Stock Performance

The company has a market capitalization of $324.29 billion, a P/E ratio of 41.05, a PEG ratio of 2.33 and a beta of 1.40. The stock’s fifty day moving average price is $299.71 and its 200-day moving average price is $279.92. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08.

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

GE Aerospace Announces Dividend

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

Insider Transactions at GE Aerospace

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of GE Aerospace stock in a transaction on 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 completion of the transaction, the senior vice president directly owned 150,434 shares of the company’s stock, valued at $44,785,706.14. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.21% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On GE Aerospace

Hedge funds have recently bought and sold shares of the business. REAP Financial Group LLC bought a new stake in shares of GE Aerospace during the 3rd quarter valued at $25,000. Marquette Asset Management LLC acquired a new stake in GE Aerospace in the third quarter valued at about $26,000. Barnes Dennig Private Wealth Management LLC grew its position in GE Aerospace by 147.2% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock valued at $27,000 after acquiring an additional 53 shares during the last quarter. Bare Financial Services Inc raised its stake in GE Aerospace by 81.1% during the second quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock worth $25,000 after acquiring an additional 43 shares in the last quarter. Finally, Roble Belko & Company Inc boosted its position in GE Aerospace by 98.1% in the third quarter. Roble Belko & Company Inc now owns 103 shares of the company’s stock valued at $31,000 after buying an additional 51 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

GE Aerospace Company Profile

(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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