GE Aerospace (NYSE:GE) Stock Price Down 1.1% – Should You Sell?

GE Aerospace (NYSE:GE) shares fell 1.1% during mid-day trading on Monday . The stock traded as low as $311.25 and last traded at $311.7380. 2,463,318 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 5,358,080 shares. The stock had previously closed at $315.14.

Wall Street Analyst Weigh In

Several analysts have commented on GE shares. BNP Paribas Exane assumed coverage on shares of GE Aerospace in a report on Tuesday, November 18th. They set an “underperform” rating on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $350.00 price objective on shares of GE Aerospace in a research report on Wednesday, October 8th. The Goldman Sachs Group boosted 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. UBS Group set a $366.00 target price on GE Aerospace and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Finally, Susquehanna started coverage on GE Aerospace in a research note on Thursday, December 4th. They issued a “positive” rating and a $350.00 price target on the stock. Sixteen 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, GE Aerospace has a consensus rating of “Moderate Buy” and an average target price of $309.94.

GE Aerospace Trading Down 1.1%

The firm has a market cap of $328.82 billion, a price-to-earnings ratio of 41.62, a P/E/G ratio of 2.43 and a beta of 1.40. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76. The business has a 50-day moving average of $301.31 and a 200-day moving average of $282.68.

GE Aerospace (NYSE:GE) last issued 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 firm had revenue of $11.31 billion during 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 quarterly revenue was up 26.4% compared to the same quarter last year. 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. Research analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Monday, December 29th will be paid a $0.36 dividend. The ex-dividend date is Monday, December 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is currently 19.23%.

Insider Transactions at GE Aerospace

In related news, SVP Russell Stokes sold 8,000 shares of GE Aerospace stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the completion of the transaction, the senior vice president owned 150,434 shares in the company, valued at approximately $44,785,706.14. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On GE Aerospace

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of GE Aerospace during the second quarter worth approximately $3,408,828,000. Capital World Investors raised its holdings in GE Aerospace by 16.2% in the 3rd quarter. Capital World Investors now owns 21,442,810 shares of the company’s stock valued at $6,449,731,000 after acquiring an additional 2,995,054 shares in the last quarter. Amundi lifted its position in GE Aerospace by 124.0% during the first quarter. Amundi now owns 3,200,479 shares of the company’s stock worth $600,506,000 after purchasing an additional 1,771,944 shares during the period. Jennison Associates LLC boosted its position in shares of GE Aerospace by 21.5% during the 3rd quarter. Jennison Associates LLC now owns 8,430,878 shares of the company’s stock worth $2,536,177,000 after acquiring an additional 1,494,541 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in GE Aerospace by 1.6% during the second quarter. Vanguard Group Inc. now owns 91,989,511 shares of the company’s stock valued at $23,677,180,000 after purchasing an additional 1,482,069 shares in the last quarter. 74.77% of the stock is owned by institutional investors.

About GE Aerospace

GE Aerospace (NYSE: GE) is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single?aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.