GE Aerospace (NYSE:GE) Trading Up 2.3% – What’s Next?

GE Aerospace (NYSE:GE)’s stock price rose 2.3% on Friday . The stock traded as high as $322.30 and last traded at $321.6510. Approximately 3,359,219 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 4,679,911 shares. The stock had previously closed at $314.44.

Wall Street Analyst Weigh In

GE has been the subject of a number of recent research reports. Wolfe Research lifted their price target on shares of GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Susquehanna assumed coverage on shares of GE Aerospace in a report on Thursday, December 4th. They set a “positive” rating and a $350.00 price objective for the company. TD Cowen boosted their price target on GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday, October 8th. Finally, Zacks Research cut shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Sixteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $309.94.

GE Aerospace Trading Up 2.3%

The company has a market cap of $339.28 billion, a PE ratio of 42.94, a PEG ratio of 2.21 and a beta of 1.40. The stock has a fifty day moving average of $303.03 and a 200-day moving average of $287.04. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. The company had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. GE Aerospace’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Sell-side analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Monday, December 29th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, December 29th. GE Aerospace’s dividend payout ratio is currently 19.23%.

Insider Activity

In other 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 transaction of $2,381,680.00. Following the completion of the sale, the senior vice president directly owned 150,434 shares in the company, valued at approximately $44,785,706.14. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On GE Aerospace

A number of institutional investors have recently bought and sold shares of GE. Norges Bank acquired a new stake in GE Aerospace during the 2nd quarter worth about $3,408,828,000. Capital World Investors grew its holdings in GE Aerospace by 16.2% during the third quarter. Capital World Investors now owns 21,442,810 shares of the company’s stock worth $6,449,731,000 after acquiring an additional 2,995,054 shares during the period. Jennison Associates LLC raised its position in GE Aerospace by 21.5% during the third quarter. Jennison Associates LLC now owns 8,430,878 shares of the company’s stock valued at $2,536,177,000 after acquiring an additional 1,494,541 shares in the last quarter. Vanguard Group Inc. lifted its holdings in GE Aerospace by 1.6% in the second quarter. Vanguard Group Inc. now owns 91,989,511 shares of the company’s stock valued at $23,677,180,000 after acquiring an additional 1,482,069 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new position in GE Aerospace in the third quarter valued at approximately $285,263,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

About GE Aerospace

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.