GE Aerospace (NYSE:GE) Trading Down 3.2% – Here’s Why

GE Aerospace (NYSE:GEGet Free Report)’s share price fell 3.2% during trading on Tuesday . The company traded as low as $363.63 and last traded at $366.6440. 4,155,347 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 5,704,950 shares. The stock had previously closed at $378.68.

Key Headlines Impacting GE Aerospace

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GE. UBS Group dropped their price target on shares of GE Aerospace from $357.00 to $350.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. President Capital decreased their price objective on shares of GE Aerospace from $355.00 to $342.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. Jefferies Financial Group lifted their target price on shares of GE Aerospace from $365.00 to $455.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Weiss Ratings downgraded shares of GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, GE Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $360.33.

Get Our Latest Research Report on GE Aerospace

GE Aerospace Stock Up 0.8%

The business has a fifty day simple moving average of $327.82 and a two-hundred day simple moving average of $316.58. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99. The company has a market cap of $374.39 billion, a PE ratio of 44.16, a price-to-earnings-growth ratio of 3.25 and a beta of 1.35.

GE Aerospace (NYSE:GEGet Free Report) last released its earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.26. The business had revenue of $11.61 billion during the quarter, compared to analyst estimates of $11.61 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.49 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, equities research analysts predict that GE Aerospace will post 7.48 earnings per share for the current year.

GE Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Monday, July 6th will be issued a $0.47 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.88 dividend on an annualized basis and a yield of 0.5%. GE Aerospace’s dividend payout ratio is presently 23.15%.

Institutional Investors Weigh In On GE Aerospace

Large investors have recently made changes to their positions in the stock. Blueline Advisors LLC purchased a new position in shares of GE Aerospace during the 4th quarter worth $25,000. Ankerstar Wealth LLC purchased a new stake in shares of GE Aerospace in the fourth quarter valued at about $31,000. Tucker Asset Management LLC acquired a new stake in GE Aerospace during the fourth quarter worth about $32,000. Lifetime Wealth Management P.C. acquired a new stake in GE Aerospace during the fourth quarter worth about $40,000. Finally, Beaird Harris Wealth Management LLC raised its stake in GE Aerospace by 72.0% during the third quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock worth $42,000 after purchasing an additional 59 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

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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