GE Aerospace (NYSE:GE) Shares Up 2.4% – What’s Next?

GE Aerospace (NYSE:GE) was up 2.4% during mid-day trading on Monday . The company traded as high as $294.82 and last traded at $294.20. Approximately 7,598,712 shares changed hands during mid-day trading, an increase of 40% from the average daily volume of 5,418,175 shares. The stock had previously closed at $287.44.

Wall Street Analyst Weigh In

Several research analysts recently commented on GE shares. UBS Group set a $366.00 target price on shares of GE Aerospace and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday, October 8th. Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a research report on Monday, October 27th. Finally, BNP Paribas raised GE Aerospace to a “strong sell” rating in a report on Tuesday, November 18th. Fifteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, GE Aerospace has an average rating of “Moderate Buy” and an average target price of $301.27.

GE Aerospace Stock Up 2.4%

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 has a market cap of $310.33 billion, a P/E ratio of 39.28, a PEG ratio of 3.09 and a beta of 1.56. The firm has a 50-day simple moving average of $301.60 and a two-hundred day simple moving average of $272.50.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The company had revenue of $11.31 billion during the quarter, compared to analysts’ expectations of $10.29 billion. During the same quarter in the previous year, the business posted $1.15 earnings per share. GE Aerospace’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. Equities research analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Monday, September 29th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is currently 19.23%.

Insiders Place Their Bets

In related news, SVP Russell Stokes sold 8,000 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the completion of the sale, the senior vice president owned 150,434 shares of the company’s stock, valued at $44,785,706.14. This represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.21% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On GE Aerospace

Institutional investors have recently modified their holdings of the business. Norges Bank acquired a new position in GE Aerospace during the second quarter worth about $3,408,828,000. GQG Partners LLC bought a new stake in shares of GE Aerospace during the 1st quarter valued at approximately $1,606,840,000. Nuveen LLC acquired a new position in GE Aerospace during the 1st quarter worth approximately $777,075,000. Capital World Investors lifted its stake in GE Aerospace by 16.2% in the 3rd quarter. Capital World Investors now owns 21,442,810 shares of the company’s stock valued at $6,449,731,000 after purchasing an additional 2,995,054 shares during the last quarter. Finally, Amundi boosted its position in GE Aerospace by 124.0% in the first quarter. Amundi now owns 3,200,479 shares of the company’s stock valued at $600,506,000 after buying an additional 1,771,944 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

About GE Aerospace

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.