GE Aerospace (NYSE:GE) Stock Price Down 1.3% – Should You Sell?

GE Aerospace (NYSE:GE) was down 1.3% during mid-day trading on Tuesday . The stock traded as low as $293.75 and last traded at $296.1290. Approximately 4,051,032 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 5,428,992 shares. The stock had previously closed at $300.13.

Analysts Set New Price Targets

A number of brokerages have recently commented on GE. Barclays increased their price objective on GE Aerospace from $230.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. BNP Paribas Exane assumed coverage on GE Aerospace in a report on Tuesday. They set an “underperform” rating for the company. Wells Fargo & Company lifted their price target on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday, October 8th. Finally, Jefferies Financial Group raised their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Fifteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $301.27.

GE Aerospace Stock Down 1.3%

The firm has a 50-day moving average of $300.40 and a two-hundred day moving average of $269.55. The stock has a market capitalization of $312.36 billion, a price-to-earnings ratio of 39.54, a price-to-earnings-growth ratio of 3.09 and a beta of 1.56. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GE) last released its earnings results 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 company 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 for the quarter was up 26.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, sell-side analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

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

Hedge Funds Weigh In On GE Aerospace

Institutional investors and hedge funds have recently modified their holdings of the stock. Silvant Capital Management LLC grew its stake in GE Aerospace by 3.6% in the third quarter. Silvant Capital Management LLC now owns 254,167 shares of the company’s stock valued at $76,460,000 after purchasing an additional 8,808 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of GE Aerospace by 1.3% during the 3rd quarter. Advisory Services Network LLC now owns 53,004 shares of the company’s stock worth $15,945,000 after purchasing an additional 677 shares in the last quarter. Integrated Investment Consultants LLC lifted its holdings in shares of GE Aerospace by 1.3% during the 3rd quarter. Integrated Investment Consultants LLC now owns 2,862 shares of the company’s stock valued at $861,000 after buying an additional 37 shares during the last quarter. Tcfg Wealth Management LLC grew its stake 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 buying an additional 76 shares in the last quarter. Finally, Hancock Whitney Corp increased its holdings in GE Aerospace by 260.7% in the third quarter. Hancock Whitney Corp now owns 64,188 shares of the company’s stock worth $19,309,000 after buying an additional 46,395 shares during the last quarter. 74.77% of the stock is currently 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.