GE Aerospace (NYSE:GE) Stock Price Down 1.1% on Insider Selling

GE Aerospace (NYSE:GE) was down 1.1% during trading on Friday following insider selling activity. The stock traded as low as $284.04 and last traded at $287.29. Approximately 5,591,596 shares were traded during mid-day trading, an increase of 3% from the average daily volume of 5,411,062 shares. The stock had previously closed at $290.62.

Specifically, SVP Russell Stokes sold 8,000 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total value of $2,381,680.00. Following the completion of the transaction, the senior vice president owned 150,434 shares in the company, valued at $44,785,706.14. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on GE shares. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. TD Cowen boosted their price objective on GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Wall Street Zen raised shares of GE Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Wolfe Research lifted their price target on shares of GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Finally, The Goldman Sachs Group increased their price objective on shares of GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Fifteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $301.27.

GE Aerospace Stock Down 1.1%

The firm has a 50-day moving average price of $301.34 and a two-hundred day moving average price of $270.53. The firm has a market cap of $303.04 billion, a price-to-earnings ratio of 38.36, a price-to-earnings-growth ratio of 3.09 and a beta of 1.56. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08.

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

GE Aerospace Announces Dividend

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

Hedge Funds Weigh In On GE Aerospace

Several large investors have recently bought and sold shares of the stock. CIBC Bancorp USA Inc. acquired a new stake in shares of GE Aerospace during the third quarter worth about $285,263,000. Tcfg Wealth Management LLC boosted its position in shares of GE Aerospace by 4.8% in the 3rd quarter. Tcfg Wealth Management LLC now owns 1,658 shares of the company’s stock valued at $499,000 after purchasing an additional 76 shares during the period. Maple Capital Management Inc. grew its stake in GE Aerospace by 7.8% during the 3rd quarter. Maple Capital Management Inc. now owns 82,380 shares of the company’s stock worth $24,782,000 after buying an additional 5,928 shares during the last quarter. Blue Fin Capital Inc. acquired a new position in GE Aerospace during the third quarter worth approximately $206,000. Finally, Oarsman Capital Inc. lifted its stake in GE Aerospace by 24.7% in the third quarter. Oarsman Capital Inc. now owns 1,211 shares of the company’s stock valued at $364,000 after buying an additional 240 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

About GE Aerospace

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.