GE Aerospace (NYSE:GE) Shares Down 2.7% – Time to Sell?

GE Aerospace (NYSE:GE)’s share price was down 2.7% on Wednesday . The stock traded as low as $321.16 and last traded at $325.7760. 5,000,876 shares traded hands during mid-day trading, a decline of 4% from the average session volume of 5,182,431 shares. The stock had previously closed at $334.91.

Wall Street Analyst Weigh In

A number of research firms recently commented on GE. UBS Group upped their price objective on GE Aerospace from $426.00 to $435.00 and gave the company a “buy” rating in a report on Friday, July 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $450.00 price target on shares of GE Aerospace in a report on Monday, July 27th. The Goldman Sachs Group reissued a “buy” rating and set a $410.00 price objective on shares of GE Aerospace in a research report on Monday, July 20th. Weiss Ratings upgraded shares of GE Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 17th. Finally, Seaport Research Partners began coverage on shares of GE Aerospace in a research report on Tuesday, May 26th. They issued a “buy” rating and a $375.00 target price on the stock. Sixteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, GE Aerospace currently has an average rating of “Moderate Buy” and a consensus price target of $390.59.

GE Aerospace Trading Up 0.3%

The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. The business has a 50-day simple moving average of $353.81 and a 200-day simple moving average of $328.72. The company has a market cap of $337.21 billion, a PE ratio of 38.29, a price-to-earnings-growth ratio of 2.38 and a beta of 1.35.

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

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Monday, July 6th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Monday, July 6th. GE Aerospace’s dividend payout ratio (DPR) is 22.14%.

Insiders Place Their Bets

In other GE Aerospace news, SVP Mohamed Ali sold 8,096 shares of GE Aerospace stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $353.71, for a total value of $2,863,636.16. Following the completion of the transaction, the senior vice president directly owned 20,666 shares of the company’s stock, valued at $7,309,770.86. The trade was a 28.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.19% of the stock is currently owned by corporate insiders.

Institutional Trading of GE Aerospace

Several hedge funds have recently made changes to their positions in the business. Blueline Advisors LLC purchased a new stake in shares of GE Aerospace during the fourth quarter worth $25,000. Ankerstar Wealth LLC purchased a new stake in shares of GE Aerospace during the 4th quarter worth $31,000. Tucker Asset Management LLC purchased a new stake in shares of GE Aerospace during the 4th quarter worth $32,000. Paladin Partners LLC acquired a new position in shares of GE Aerospace during the second quarter worth $38,000. Finally, Lifetime Wealth Management P.C. acquired a new position in shares of GE Aerospace during the fourth quarter worth $40,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Company Profile

GE Aerospace (NYSE:GE) is a global aerospace company that designs, develops, manufactures and services aircraft engines and related systems. Its portfolio serves commercial aviation, military and defense, business and general aviation, and other aerospace markets.

The company’s products and services include commercial and military aircraft engines, integrated engine systems, avionics, mechanical systems and digital solutions. GE Aerospace also provides maintenance, repair, overhaul, spare parts, technical support and other lifecycle services for aircraft propulsion and related equipment.

GE Aerospace traces its roots to the aviation activities of General Electric, which began developing aircraft engines during World War I.