GE Aerospace (NYSE:GE) Trading Down 2.4% – Here’s What Happened

GE Aerospace (NYSE:GEGet Free Report)’s stock price was down 2.4% on Friday . The stock traded as low as $299.05 and last traded at $299.2460. Approximately 5,731,732 shares traded hands during mid-day trading, an increase of 2% from the average daily volume of 5,636,607 shares. The stock had previously closed at $306.70.

Key Headlines Impacting GE Aerospace

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

Wall Street Analysts Forecast Growth

GE has been the subject of several research reports. The Goldman Sachs Group upped their price objective on shares of GE Aerospace from $338.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. UBS Group set a $374.00 target price on shares of GE Aerospace and gave the stock a “buy” rating in a research note on Friday, January 23rd. Zacks Research upgraded GE Aerospace from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Wolfe Research upped their price target on GE Aerospace from $340.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday, January 12th. Finally, JPMorgan Chase & Co. increased their price target on GE Aerospace from $325.00 to $335.00 and gave the company an “overweight” rating in a report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $331.12.

Get Our Latest Stock Analysis on GE Aerospace

GE Aerospace Stock Down 2.4%

The firm has a 50-day moving average of $320.02 and a two-hundred day moving average of $305.54. The company has a quick ratio of 0.74, a current ratio of 1.04 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $313.85 billion, a PE ratio of 36.76, a price-to-earnings-growth ratio of 2.77 and a beta of 1.36.

GE Aerospace (NYSE:GEGet Free Report) last posted its earnings results on Thursday, January 22nd. The company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.14. GE Aerospace had a return on equity of 35.52% and a net margin of 18.98%.The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.27 billion. During the same quarter in the previous year, the business earned $1.32 earnings per share. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Equities research analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Monday, March 9th will be issued a $0.47 dividend. This is an increase from GE Aerospace’s previous quarterly dividend of $0.36. The ex-dividend date is Monday, March 9th. This represents a $1.88 annualized dividend and a yield of 0.6%. GE Aerospace’s payout ratio is presently 23.10%.

Insider Buying and Selling at GE Aerospace

In other GE Aerospace news, SVP Russell Stokes sold 30,363 shares of GE Aerospace stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $306.47, for a total transaction of $9,305,348.61. Following the completion of the sale, the senior vice president directly owned 150,434 shares in the company, valued at $46,103,507.98. This trade represents a 16.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert M. Giglietti sold 3,035 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $305.51, for a total transaction of $927,222.85. Following the completion of the sale, the vice president directly owned 10,583 shares in the company, valued at $3,233,212.33. This trade represents a 22.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 37,398 shares of company stock valued at $11,455,491 over the last 90 days. 0.21% of the stock is owned by insiders.

Institutional Trading of GE Aerospace

Several institutional investors have recently added to or reduced their stakes in the stock. REAP Financial Group LLC acquired a new position in GE Aerospace during the third quarter worth $25,000. Blueline Advisors LLC acquired a new stake in shares of GE Aerospace in the fourth quarter valued at $25,000. Marquette Asset Management LLC acquired a new stake in shares of GE Aerospace in the third quarter valued at $26,000. Barnes Dennig Private Wealth Management LLC raised its holdings in shares of GE Aerospace by 147.2% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock valued at $27,000 after buying an additional 53 shares during the period. Finally, Bare Financial Services Inc raised its holdings 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 buying an additional 43 shares during the period. Institutional investors and hedge funds 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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