GE Aerospace (NYSE:GE) Stock Price Down 3.4% – Here’s Why

GE Aerospace (NYSE:GE) was down 3.4% during trading on Monday . The company traded as low as $288.03 and last traded at $288.2360. Approximately 3,662,093 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 5,404,939 shares. The stock had previously closed at $298.45.

Wall Street Analysts Forecast Growth

GE has been the subject of a number of research reports. Royal Bank Of Canada lifted their target price on shares of GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Jefferies Financial Group lifted their price objective on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $350.00 target price on shares of GE Aerospace in a research note on Wednesday, October 8th. Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Finally, BNP Paribas Exane started coverage on GE Aerospace in a report on Tuesday, November 18th. They issued an “underperform” rating for the company. Fifteen analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $301.27.

GE Aerospace Price Performance

The company has a 50 day moving average of $301.10 and a 200 day moving average of $275.49. The stock has a market capitalization of $304.16 billion, a price-to-earnings ratio of 38.50, a price-to-earnings-growth ratio of 2.24 and a beta of 1.40. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99.

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

GE Aerospace Announces Dividend

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

Insider Buying and Selling at GE Aerospace

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of GE Aerospace stock in a transaction on 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 transaction, the senior vice president owned 150,434 shares in the company, valued at $44,785,706.14. This trade represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GE. Brighton Jones LLC increased its position in GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after purchasing an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of GE Aerospace by 7.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock worth $375,000 after acquiring an additional 150 shares in the last quarter. Sfmg LLC raised its stake in shares of GE Aerospace by 2.4% in the 1st quarter. Sfmg LLC now owns 2,088 shares of the company’s stock valued at $418,000 after acquiring an additional 48 shares during the period. New Age Alpha Advisors LLC lifted its holdings in shares of GE Aerospace by 20,755.8% during the 1st quarter. New Age Alpha Advisors LLC now owns 30,658 shares of the company’s stock valued at $6,136,000 after acquiring an additional 30,511 shares in the last quarter. Finally, Advyzon Investment Management LLC purchased a new stake in GE Aerospace during the 1st quarter worth $258,000. 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.