GE Aerospace (NYSE:GE) Stock Price Up 1.2% – Should You Buy?

Shares of GE Aerospace (NYSE:GEGet Free Report) shot up 1.2% on Friday . The company traded as high as $351.86 and last traded at $348.85. Approximately 3,544,053 shares were traded during trading, a decline of 33% from the average session volume of 5,316,953 shares. The stock had previously closed at $344.64.

Analysts Set New Price Targets

GE has been the subject of several research analyst reports. Wells Fargo & Company reissued an “overweight” rating and issued a $390.00 price objective on shares of GE Aerospace in a research note on Monday, July 20th. UBS Group lifted their target price on GE Aerospace from $426.00 to $435.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Wall Street Zen cut GE Aerospace from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Susquehanna reiterated a “positive” rating and issued a $430.00 target price (up from $380.00) on shares of GE Aerospace in a report on Thursday, July 9th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $410.00 price target on shares of GE Aerospace in a research report on Monday, July 20th. Sixteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $390.59.

Check Out Our Latest Analysis on GE

GE Aerospace Stock Up 1.2%

The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.96. The firm has a market cap of $361.95 billion, a price-to-earnings ratio of 41.09, a PEG ratio of 2.54 and a beta of 1.36. The firm has a 50-day moving average of $361.10 and a two-hundred day moving average of $326.84.

GE Aerospace (NYSE:GEGet Free Report) last announced its earnings results on Thursday, July 16th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.16. The firm had revenue of $12.63 billion during the quarter, compared to the consensus estimate of $11.87 billion. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.66 EPS. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. As a group, sell-side analysts predict that GE Aerospace will post 7.91 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 6th were paid a $0.47 dividend. The ex-dividend date was Monday, July 6th. This represents a $1.88 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is presently 22.14%.

Insider Transactions at GE Aerospace

In related news, SVP Mohamed Ali sold 8,096 shares of the business’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $353.71, for a total transaction of $2,863,636.16. Following the transaction, the senior vice president owned 20,666 shares of the company’s stock, valued at approximately $7,309,770.86. The trade was a 28.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Blueline Advisors LLC bought a new position in GE Aerospace during the fourth quarter worth about $25,000. Ankerstar Wealth LLC acquired a new position in shares of GE Aerospace in the 4th quarter worth approximately $31,000. Tucker Asset Management LLC acquired a new position in shares of GE Aerospace in the 4th quarter worth approximately $32,000. Paladin Partners LLC bought a new position in shares of GE Aerospace during the 2nd quarter worth approximately $38,000. Finally, Lifetime Wealth Management P.C. acquired a new stake in GE Aerospace in the 4th quarter valued at $40,000. Institutional investors 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.

Further Reading

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