GE Aerospace (NYSE:GE) Shares Down 2.8% – Should You Sell?

GE Aerospace (NYSE:GE)’s stock price dropped 2.8% during mid-day trading on Thursday . The company traded as low as $310.27 and last traded at $314.6150. Approximately 5,649,082 shares traded hands during mid-day trading, an increase of 16% from the average daily volume of 4,880,406 shares. The stock had previously closed at $323.64.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group raised their target price on shares of GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 10th. BNP Paribas upgraded shares of GE Aerospace to a “strong sell” rating in a research report on Tuesday, November 18th. 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 note on Monday, October 27th. Bank of America boosted their target price on shares of GE Aerospace from $310.00 to $365.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Finally, UBS Group set a $366.00 price target on shares of GE Aerospace and gave the company a “buy” rating in a report on Wednesday, October 22nd. Sixteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $309.94.

GE Aerospace Price 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 company has a market capitalization of $331.86 billion, a PE ratio of 42.00, a price-to-earnings-growth ratio of 2.24 and a beta of 1.40. The stock’s 50-day moving average is $302.95 and its two-hundred day moving average is $286.85.

GE Aerospace (NYSE:GE) last released its earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The firm had revenue of $11.31 billion for the quarter, compared to analysts’ expectations of $10.29 billion. During the same quarter in the prior year, the firm posted $1.15 earnings per share. The company’s quarterly revenue was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Monday, December 29th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 29th. GE Aerospace’s dividend payout ratio (DPR) is currently 19.23%.

Insiders Place Their Bets

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the business’s stock in a transaction dated 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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is owned by insiders.

Institutional Trading of GE Aerospace

Large investors have recently modified their holdings of the company. Baker Tilly Wealth Management LLC increased its holdings in GE Aerospace by 2.2% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 2,989 shares of the company’s stock worth $921,000 after purchasing an additional 64 shares during the period. Fulton Bank N.A. grew its position in shares of GE Aerospace by 1.0% during the 4th quarter. Fulton Bank N.A. now owns 10,166 shares of the company’s stock worth $3,131,000 after buying an additional 105 shares in the last quarter. Spartan Planning & Wealth Management increased its stake in shares of GE Aerospace by 10.2% during the fourth quarter. Spartan Planning & Wealth Management now owns 2,213 shares of the company’s stock valued at $682,000 after buying an additional 205 shares during the period. Armstrong Advisory Group Inc. raised its holdings in shares of GE Aerospace by 10.9% in the fourth quarter. Armstrong Advisory Group Inc. now owns 4,151 shares of the company’s stock valued at $1,279,000 after acquiring an additional 409 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC raised its holdings in shares of GE Aerospace by 38.5% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 8,890 shares of the company’s stock valued at $2,883,000 after acquiring an additional 2,473 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

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.