GE Aerospace (NYSE:GE) Stock Price Up 2.3% – Here’s What Happened

GE Aerospace (NYSE:GEGet Free Report) was up 2.3% during trading on Tuesday . The company traded as high as $350.00 and last traded at $349.6760. Approximately 3,132,883 shares changed hands during trading, a decline of 41% from the average session volume of 5,291,593 shares. The stock had previously closed at $341.84.

GE Aerospace News Summary

Here are the key news stories impacting GE Aerospace this week:

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GE. Citigroup reiterated a “buy” rating and issued a $431.00 target price (up from $353.00) on shares of GE Aerospace in a research note on Wednesday, July 1st. The Goldman Sachs Group reiterated a “buy” rating and issued a $410.00 price objective on shares of GE Aerospace in a research note on Monday, July 20th. Jefferies Financial Group boosted their target price on GE Aerospace from $365.00 to $455.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $400.00 price target (up from $355.00) on shares of GE Aerospace in a research note on Wednesday, July 15th. Finally, TD Cowen reaffirmed a “buy” rating and set a $380.00 price objective (up from $330.00) on shares of GE Aerospace in a report on Monday, July 13th. Sixteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $390.59.

Get Our Latest Stock Analysis on GE Aerospace

GE Aerospace Stock Down 2.9%

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 $357.07 billion, a PE ratio of 40.54, a price-to-earnings-growth ratio of 2.55 and a beta of 1.36. The stock has a fifty day simple moving average of $360.99 and a two-hundred day simple moving average of $327.82.

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

GE Aerospace Announces Dividend

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

Insider Activity at GE Aerospace

In other news, SVP Mohamed Ali sold 8,096 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $353.71, for a total value 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. This represents a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.19% of the stock is owned by company insiders.

Hedge Funds Weigh In On GE Aerospace

A number of institutional investors have recently added to or reduced their stakes in the business. Blueline Advisors LLC purchased a new stake in GE Aerospace in the fourth quarter valued at approximately $25,000. Ankerstar Wealth LLC bought a new position in shares of GE Aerospace in the 4th quarter worth $31,000. Tucker Asset Management LLC purchased a new stake in shares of GE Aerospace during the 4th quarter valued at $32,000. Paladin Partners LLC purchased a new stake in shares of GE Aerospace during the 2nd quarter valued at $38,000. Finally, Lifetime Wealth Management P.C. bought a new stake in shares of GE Aerospace during the 4th quarter worth $40,000. 74.77% of the stock is currently owned by institutional investors.

GE Aerospace Company Profile

(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.

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