GE Aerospace (NYSE:GE) Stock Price Up 2.4% – Should You Buy?
by Mitch Edgeman · The Markets DailyGE Aerospace (NYSE:GE – Get Free Report)’s stock price rose 2.4% on Monday . The company traded as high as $316.40 and last traded at $314.5230. Approximately 6,475,299 shares changed hands during trading, an increase of 20% from the average daily volume of 5,411,643 shares. The stock had previously closed at $307.21.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on GE. Royal Bank Of Canada lifted their target price on shares of GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Citigroup initiated coverage on GE Aerospace in a report on Thursday, December 11th. They issued a “buy” rating and a $386.00 price objective on the stock. Jefferies Financial Group increased their target price on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a research report on Wednesday, October 8th. Finally, BNP Paribas Exane began coverage on GE Aerospace in a research note on Tuesday, November 18th. They issued an “underperform” rating on the stock. Sixteen analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $309.94.
Read Our Latest Stock Analysis on GE Aerospace
GE Aerospace Stock Performance
The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99. The stock’s fifty day simple moving average is $299.71 and its 200 day simple moving average is $280.34. The company has a market cap of $331.76 billion, a price-to-earnings ratio of 41.99, a P/E/G ratio of 2.37 and a beta of 1.40.
GE Aerospace (NYSE:GE – Get Free Report) last issued its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business had revenue of $11.31 billion for the quarter, compared to analysts’ expectations of $10.29 billion. During the same period in the previous year, the firm posted $1.15 EPS. The business’s revenue for the quarter 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. As a group, analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.
GE Aerospace Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Monday, December 29th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date 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 GE Aerospace stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the transaction, the senior vice president owned 150,434 shares in the company, valued at $44,785,706.14. The trade was a 5.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On GE Aerospace
A number of institutional investors have recently bought and sold shares of GE. REAP Financial Group LLC acquired a new stake in shares of GE Aerospace during the 3rd quarter worth approximately $25,000. Marquette Asset Management LLC purchased a new position in GE Aerospace in the third quarter worth approximately $26,000. Barnes Dennig Private Wealth Management LLC increased its stake in GE Aerospace by 147.2% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock worth $27,000 after acquiring an additional 53 shares during the last quarter. Bare Financial Services Inc raised its position in GE Aerospace by 81.1% in the second quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock valued at $25,000 after purchasing an additional 43 shares during the period. Finally, Roble Belko & Company Inc raised 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 purchasing an additional 51 shares during the period. 74.77% of the stock is owned by hedge funds and other 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.