GE Aerospace (NYSE:GE) Research Coverage Started at BNP Paribas Exane

BNP Paribas Exane assumed coverage on shares of GE Aerospace (NYSE:GE) in a research report sent to investors on Tuesday morning, MarketBeat.com reports. The brokerage issued an underperform rating on the stock.

A number of other analysts have also recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday, October 8th. Royal Bank Of Canada raised their price target on shares of GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Jefferies Financial Group lifted their price target on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Wells Fargo & Company increased their price objective on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Finally, The Goldman Sachs Group raised their target price on GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Fifteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $301.27.

GE Aerospace Trading Down 3.2%

Shares of NYSE GE opened at $291.09 on Tuesday. GE Aerospace has a 12-month low of $159.36 and a 12-month high of $316.67. The company has a market cap of $307.05 billion, a price-to-earnings ratio of 38.86, a price-to-earnings-growth ratio of 3.09 and a beta of 1.56. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99. The stock’s 50 day simple moving average is $301.34 and its 200 day simple moving average is $270.53.

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 firm had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The firm’s revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities research analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Monday, September 29th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, September 29th. GE Aerospace’s dividend payout ratio (DPR) is currently 19.23%.

Insider Buying and Selling

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total value 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 $44,785,706.14. This represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.21% of the stock is currently owned by insiders.

Hedge Funds Weigh In On GE Aerospace

Hedge funds have recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in GE Aerospace by 25.3% in the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after acquiring an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock worth $375,000 after purchasing an additional 150 shares in the last quarter. Crestwood Advisors Group LLC raised its holdings in shares of GE Aerospace by 7.9% in the 1st quarter. Crestwood Advisors Group LLC now owns 13,017 shares of the company’s stock worth $2,605,000 after purchasing an additional 953 shares in the last quarter. Gries Financial LLC lifted its stake in GE Aerospace by 11.7% during the first quarter. Gries Financial LLC now owns 1,792 shares of the company’s stock valued at $359,000 after purchasing an additional 187 shares during the last quarter. Finally, Obermeyer Wealth Partners boosted its holdings in GE Aerospace by 43.3% during the first quarter. Obermeyer Wealth Partners now owns 2,498 shares of the company’s stock worth $500,000 after buying an additional 755 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

GE Aerospace Company Profile

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.