GE Aerospace (NYSE:GE) Stock Price Up 4.1% – Here’s What Happened
by Kim Johansen · The Markets DailyShares of GE Aerospace (NYSE:GE – Get Free Report) rose 4.1% during mid-day trading on Friday . The stock traded as high as $320.98 and last traded at $320.6870. Approximately 4,227,634 shares were traded during mid-day trading, a decline of 5% from the average daily volume of 4,431,352 shares. The stock had previously closed at $308.03.
Analyst Upgrades and Downgrades
A number of analysts recently commented on GE shares. TD Cowen lifted their price target on GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, October 7th. Royal Bank Of Canada boosted their price target on shares of GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. UBS Group set a $366.00 price target on shares of GE Aerospace and gave the company a “buy” rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. lifted their price objective on shares of GE Aerospace from $275.00 to $325.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Finally, Jefferies Financial Group boosted their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Sixteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $309.94.
View Our Latest Stock Report on GE
GE Aerospace Trading Up 4.1%
The stock has a market cap of $338.26 billion, a PE ratio of 42.82, a P/E/G ratio of 2.38 and a beta of 1.40. The firm has a 50-day simple moving average of $301.84 and a 200-day simple moving average of $284.07. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99.
GE Aerospace (NYSE:GE – Get Free Report) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.20. The company 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%.The firm’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.
GE Aerospace Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Monday, December 29th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, December 29th. GE Aerospace’s dividend payout ratio is presently 19.23%.
Insider Activity at GE Aerospace
In other news, SVP Russell Stokes sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total value of $2,381,680.00. Following the completion of the transaction, the senior vice president directly owned 150,434 shares in the company, valued at approximately $44,785,706.14. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.21% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Bare Financial Services Inc raised its position in shares of GE Aerospace by 81.1% in the second quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock worth $25,000 after buying an additional 43 shares in the last quarter. REAP Financial Group LLC bought a new position in GE Aerospace in the 3rd quarter worth about $25,000. Marquette Asset Management LLC purchased a new stake in shares of GE Aerospace in the 3rd quarter valued at about $26,000. Lavaca Capital LLC boosted its position in shares of GE Aerospace by 1,666.7% during the 2nd 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 last quarter. Finally, Barnes Dennig Private Wealth Management LLC boosted its position in shares of GE Aerospace by 147.2% during the 3rd 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. 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.