GE Aerospace (NYSE:GE) Shares Down 1.5% – Should You Sell?

Shares of GE Aerospace (NYSE:GE) dropped 1.5% on Monday . The stock traded as low as $298.55 and last traded at $300.2870. Approximately 3,075,177 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 5,435,146 shares. The stock had previously closed at $304.82.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GE. Wells Fargo & Company increased their price objective on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Zacks Research lowered shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $350.00 price target on shares of GE Aerospace in a report on Wednesday, October 8th. Wolfe Research boosted their price objective on shares of GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Finally, Barclays increased their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Fifteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $301.27.

GE Aerospace Trading Down 1.5%

The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. The firm has a market capitalization of $316.75 billion, a PE ratio of 40.09, a P/E/G ratio of 3.09 and a beta of 1.56. The stock’s 50-day simple moving average is $299.92 and its 200-day simple moving average is $268.87.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.20. The business had revenue of $11.31 billion for the quarter, compared to analysts’ expectations of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business’s revenue was up 26.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, sell-side analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Monday, September 29th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, September 29th. GE Aerospace’s dividend payout ratio is currently 19.23%.

Institutional Investors Weigh In On GE Aerospace

Several institutional investors have recently modified their holdings of the business. Norges Bank purchased a new position in shares of GE Aerospace during the 2nd quarter valued at about $3,408,828,000. GQG Partners LLC purchased a new stake in GE Aerospace in the 1st quarter worth approximately $1,606,840,000. Nuveen LLC purchased a new stake in GE Aerospace in the 1st quarter worth approximately $777,075,000. Capital World Investors raised its stake in GE Aerospace by 16.2% during the 3rd quarter. Capital World Investors now owns 21,442,810 shares of the company’s stock worth $6,449,731,000 after acquiring an additional 2,995,054 shares during the period. Finally, Amundi lifted its holdings in GE Aerospace by 124.0% during the first quarter. Amundi now owns 3,200,479 shares of the company’s stock valued at $600,506,000 after purchasing an additional 1,771,944 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

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.