GE Aerospace (NYSE:GE) Shares Up 2.8% – Here’s What Happened

GE Aerospace (NYSE:GE) shot up 2.8% during trading on Friday. The stock traded as high as $325.18 and last traded at $323.5360. Approximately 5,295,665 shares were traded during trading, an increase of 3% from the average session volume of 5,147,199 shares. The stock had previously closed at $314.73.

GE Aerospace News Summary

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

• Positive Sentiment: GE’s roughly $170 billion services backlog, defense contracts and analyst consensus of “Moderate Buy” underpin the longer-term outlook. The report also noted a sharp rise in call-option volume, suggesting increased bullish positioning, though options activity is not a guarantee of future gains. GE Aerospace backlog and valuation
• Positive Sentiment: GE Aerospace and BETA Technologies reported a hybrid-electric-assisted takeoff milestone using a commercial aircraft testbed. The work may support GE’s longer-term technology opportunities, although it is not an immediate earnings driver. GE and BETA hybrid-electric takeoff
• Positive Sentiment: GE is part of a team working on KC-135 modernization, adding potential defense-related business and future support work. KC-135 modernization team
• Neutral Sentiment: Boeing delivery delays may keep older aircraft flying longer, sustaining demand for engine maintenance and parts—helpful to GE’s services business, but potentially offset by disruption or uncertainty in new-aircraft production. Boeing delays and maintenance demand
• Negative Sentiment: Vice President Robert Giglietti sold 14,796 shares, reducing his stake by about 42%. The sale may weigh on sentiment, though insider transactions can have varied reasons. GE Aerospace insider sale
• Negative Sentiment: ETFs were net sellers of GE shares on Nov. 4, and the article notes the stock’s premium valuation, which could make it vulnerable if growth or execution disappoints. ETF selling of GE shares

Analyst Ratings Changes

GE has been the topic of a number of recent analyst reports. 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. BNP Paribas Exane cut their price target on shares of GE Aerospace from $305.00 to $280.00 and set an “underperform” rating for the company in a research note on Wednesday, October 21st. Wells Fargo & Company cut their price target on shares of GE Aerospace from $390.00 to $380.00 and set an “overweight” rating for the company in a research note on Wednesday, September 30th. Vertical Research reissued a “buy” rating and issued a $400.00 price target on shares of GE Aerospace in a report on Tuesday, October 20th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $378.00 price objective on shares of GE Aerospace in a research report on Wednesday, October 21st. Sixteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, GE Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $373.45.

GE Aerospace Price Performance

The company has a current ratio of 0.98, a quick ratio of 0.68 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $334.33 billion, a PE ratio of 37.32, a PEG ratio of 2.24 and a beta of 1.43. The business has a fifty day moving average price of $315.07 and a 200-day moving average price of $323.07.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.24. The company had revenue of $13.29 billion for the quarter, compared to analysts’ expectations of $12.88 billion. GE Aerospace had a return on equity of 44.43% and a net margin of 17.31%. GE Aerospace’s revenue for the quarter was up 24.7% compared to the same quarter last year. During the same period last year, the firm posted $1.66 EPS. Research analysts expect that GE Aerospace will post 8.16 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 26th. Shareholders of record on Monday, October 5th were given 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, October 5th. GE Aerospace’s dividend payout ratio (DPR) is presently 21.68%.

Insider Activity at GE Aerospace

In other news, VP Robert Giglietti sold 14,796 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $332.54, for a total value of $4,920,261.84. Following the completion of the sale, the vice president directly owned 20,201 shares in the company, valued at approximately $6,717,640.54. The trade was a 42.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On GE Aerospace

Institutional investors and hedge funds have recently made changes to their positions in the business. Susquehanna Fundamental Investments LLC boosted its holdings in GE Aerospace by 261.0% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 213,603 shares of the company’s stock valued at $79,830,000 after acquiring an additional 154,429 shares during the period. Christensen King & Associates Investment Services Inc. purchased a new position in GE Aerospace in the 3rd quarter worth approximately $4,934,000. HWG Holdings LP increased its stake in GE Aerospace by 54.7% in the 3rd quarter. HWG Holdings LP now owns 15,640 shares of the company’s stock worth $4,884,000 after purchasing an additional 5,531 shares during the period. Clough Capital Partners L P lifted its position in GE Aerospace by 37.1% in the first quarter. Clough Capital Partners L P now owns 70,535 shares of the company’s stock valued at $20,016,000 after purchasing an additional 19,105 shares during the last quarter. Finally, GoalVest Advisory LLC lifted its position in GE Aerospace by 330.1% in the third quarter. GoalVest Advisory LLC now owns 30,858 shares of the company’s stock valued at $9,637,000 after purchasing an additional 23,684 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Company Profile

GE Aerospace (NYSE: GE) designs, manufactures and services engines and related systems for commercial and military aircraft. Its offerings include aircraft engines, components, avionics and other integrated systems, along with maintenance, repair and overhaul services and digital solutions that support aircraft operations.

The company serves airlines, aircraft manufacturers, governments and defense organizations around the world. Its business combines original equipment production with long-term aftermarket support, including parts and technical services for engines already in operation.

GE Aerospace traces its roots to General Electric’s aviation business, which developed over more than a century.