GE Aerospace (NYSE:GE) Stock Jumps 1.6% – Here’s What Happened

GE Aerospace (NYSE:GE) shares traded up 1.6% during trading on Thursday. The company traded as high as $312.18 and last traded at $312.04. Approximately 3,668,356 shares changed hands during trading, a decline of 28% from the average session volume of 5,078,309 shares. The stock had previously closed at $307.02.

GE Aerospace News Roundup

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

• Positive Sentiment: Turkish Airlines and CFM International signed a memorandum covering more than 600 LEAP-1B engines, including 300 engines for up to 150 Boeing 737 MAX aircraft, long-term services and material support for a future maintenance facility. The agreement reinforces GE’s long-term engine and aftermarket opportunity. Turkish Airlines and CFM sign MOU for more than 600 LEAP-1B engines
• Positive Sentiment: Bernstein reiterated a Buy rating and its $421 price target, citing resilient aftermarket demand and continued LEAP engine growth. GE Aerospace analyst rating and price target
• Positive Sentiment: Analysts expect third-quarter results to reflect solid commercial and defense demand, with growth potentially supported by GE’s large installed engine base and service revenue. How to Approach GE Aerospace Stock Ahead of Its Q3 Earnings Release?
• Positive Sentiment: GE awarded a $16 million defense-related fighter-jet generator repair order to its Vandalia, Ohio, operation, providing a modest boost to defense backlog and facility utilization.
• Neutral Sentiment: Morgan Stanley said aerospace and defense demand remains intact despite softer investor sentiment across the sector, suggesting fundamentals are holding up even as market enthusiasm cools. Aerospace, Defense Stocks’ Demand Intact Despite Softer Sentiment
• Neutral Sentiment: GE’s foundation plans to invest $1 million in Dallas-Fort Worth aviation workforce training, while the company is also pursuing international sourcing and facility investments. These initiatives may support long-term capacity but have limited near-term earnings impact.
• Negative Sentiment: The options market is positioned for GE shares to decline following the earnings release, signaling caution ahead of a potentially volatile report. Ahead of GE Aerospace Earnings, Here’s What Barchart Data Says Comes Next for GE Stock
• Negative Sentiment: Although growth expectations are favorable, GE trades at a premium valuation and faces rising costs. Any earnings miss, cautious guidance or margin pressure could prompt profit-taking.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group set a $435.00 price objective on shares of GE Aerospace and gave the stock a “buy” rating in a report on Wednesday, September 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a research note on Thursday. Royal Bank Of Canada reissued an “outperform” rating and set a $400.00 target price (up from $355.00) on shares of GE Aerospace in a research note on Wednesday, July 15th. UBS Group boosted their price target on shares of GE Aerospace from $426.00 to $435.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Finally, JPMorgan Chase & Co. upped their price target on shares of GE Aerospace from $335.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Sixteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $386.67.

GE Aerospace Stock Up 0.6%

The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.67 and a current ratio of 0.98. The stock’s fifty day simple moving average is $329.77 and its two-hundred day simple moving average is $328.21. The company has a market capitalization of $325.58 billion, a price-to-earnings ratio of 36.96, a P/E/G ratio of 2.28 and a beta of 1.38.

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, topping the consensus estimate of $1.86 by $0.16. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The company had revenue of $12.63 billion for the quarter, compared to analysts’ expectations of $11.87 billion. During the same quarter in the previous year, the company posted $1.66 EPS. The business’s revenue was up 21.1% compared to the same quarter last year. On average, sell-side analysts anticipate that GE Aerospace will post 7.91 EPS for the current year.

GE Aerospace Dividend Announcement

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

Insider Transactions at GE Aerospace

In other GE Aerospace 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 transaction, the senior vice president owned 20,666 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On GE Aerospace

Institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp boosted its position in shares of GE Aerospace by 2.6% in the 2nd quarter. State Street Corp now owns 46,497,628 shares of the company’s stock valued at $17,377,559,000 after purchasing an additional 1,160,584 shares during the period. Jennison Associates LLC raised its holdings in GE Aerospace by 37.7% during the 1st quarter. Jennison Associates LLC now owns 11,026,006 shares of the company’s stock worth $3,128,850,000 after buying an additional 3,017,937 shares during the period. Invesco Ltd. lifted its stake in GE Aerospace by 2.1% during the fourth quarter. Invesco Ltd. now owns 9,280,276 shares of the company’s stock valued at $2,858,604,000 after buying an additional 189,979 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in GE Aerospace by 6.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,251,603 shares of the company’s stock valued at $2,710,142,000 after buying an additional 427,820 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in GE Aerospace by 97.3% during the second quarter. Wellington Management Group LLP now owns 6,797,935 shares of the company’s stock valued at $2,540,592,000 after buying an additional 3,352,432 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

About GE Aerospace

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.