GE Aerospace (NYSE:GE) Stock Falls 2% – Here’s What Happened

GE Aerospace (NYSE:GE)’s stock price traded down 2% on Wednesday. The stock traded as low as $302.98 and last traded at $303.3490. 3,799,753 shares were traded during trading, a decline of 26% from the average session volume of 5,115,253 shares. The stock had previously closed at $309.39.

Analyst Upgrades and Downgrades

GE has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on shares of GE Aerospace from $335.00 to $400.00 and gave the stock an “overweight” rating 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 research report on Friday, July 17th. Susquehanna reissued a “positive” rating and set a $430.00 price objective (up from $380.00) on shares of GE Aerospace in a research note on Thursday, July 9th. TD Cowen reaffirmed a “buy” rating and issued a $380.00 target price (up from $330.00) on shares of GE Aerospace in a research note on Monday, July 13th. Finally, Wells Fargo & Company lowered their target price on GE Aerospace from $390.00 to $380.00 and set an “overweight” rating on the stock in a report on Wednesday, September 30th. Sixteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $386.67.

GE Aerospace Trading Down 2.0%

The firm has a market capitalization of $314.74 billion, a PE ratio of 35.73, a P/E/G ratio of 2.24 and a beta of 1.38. 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’s fifty day moving average price is $339.25 and its 200 day moving average price is $327.41.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.16. The business 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 quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter 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, analysts expect that GE Aerospace will post 7.91 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Monday, October 5th will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, October 5th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.6%. GE Aerospace’s payout ratio is currently 22.14%.

Insider Activity at GE Aerospace

In related news, SVP Mohamed Ali sold 8,096 shares of the company’s stock in a transaction on 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 in the company, 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 currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. North Point Portfolio Managers Corp OH acquired a new position in GE Aerospace during the third quarter worth approximately $107,000. Worth Asset Management LLC increased its holdings in shares of GE Aerospace by 60.4% during the 3rd quarter. Worth Asset Management LLC now owns 3,862 shares of the company’s stock worth $1,206,000 after buying an additional 1,455 shares during the last quarter. Nautilus Advisors LLC raised its position in shares of GE Aerospace by 5.2% in the 3rd quarter. Nautilus Advisors LLC now owns 724 shares of the company’s stock worth $226,000 after buying an additional 36 shares during the period. Congress Asset Management Co. purchased a new position in shares of GE Aerospace in the 3rd quarter worth $2,188,000. Finally, Private Capital Advisors Inc. acquired a new position in GE Aerospace in the third quarter valued at $231,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Company Profile

GE Aerospace is an aerospace and defense company that designs, develops, manufactures and services aircraft engines and integrated systems. Its products support commercial and business aviation, military aircraft, and other specialized aerospace applications.

The company’s offerings include commercial and military jet engines, propulsion systems, avionics, electrical power systems, mechanical systems and digital solutions. GE Aerospace also provides maintenance, repair, overhaul and other lifecycle services intended to support the operation and performance of aircraft and engines.

GE Aerospace serves airlines, aircraft manufacturers, leasing companies, defense organizations and other customers worldwide.