GE Aerospace (NYSE:GE) Stock Price Down 5% – Time to Sell?

GE Aerospace (NYSE:GE)’s stock price traded down 5% during trading on Wednesday . The stock traded as low as $355.98 and last traded at $356.3340. 4,734,566 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 5,327,131 shares. The stock had previously closed at $375.09.

Analysts Set New Price Targets

GE has been the subject of several recent research reports. Susquehanna reissued a “positive” rating and set a $430.00 price target (up from $380.00) on shares of GE Aerospace in a report on Thursday, July 9th. BNP Paribas Exane lowered their price objective on GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a research report on Thursday, May 14th. TD Cowen reiterated a “buy” rating and set a $380.00 price objective (up from $330.00) on shares of GE Aerospace in a research note on Monday, July 13th. Jefferies Financial Group increased their target price on shares of GE Aerospace from $365.00 to $455.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Finally, UBS Group raised their target price on shares of GE Aerospace from $426.00 to $435.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Sixteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $390.59.

GE Aerospace Stock Up 1.2%

The firm has a market capitalization of $361.95 billion, a PE ratio of 41.09, a P/E/G ratio of 2.60 and a beta of 1.36. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.67. The company has a 50-day moving average price of $360.82 and a 200 day moving average price of $326.69.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Thursday, July 16th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.16. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.The business had revenue of $12.63 billion during the quarter, compared to the consensus estimate of $11.87 billion. During the same period in the prior year, the company posted $1.66 EPS. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. Analysts forecast that GE Aerospace will post 7.91 earnings per share for the current year.

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Monday, July 6th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, July 6th. GE Aerospace’s dividend payout ratio is 22.14%.

Insider Buying and Selling at GE Aerospace

In other news, SVP Mohamed Ali sold 8,096 shares of GE Aerospace stock in a transaction dated 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 sale, the senior vice president directly owned 20,666 shares of the company’s stock, valued at approximately $7,309,770.86. The trade was a 28.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by insiders.

Institutional Trading of GE Aerospace

A number of large investors have recently added to or reduced their stakes in GE. Blueline Advisors LLC bought a new position in shares of GE Aerospace in the 4th quarter valued at about $25,000. Ankerstar Wealth LLC purchased a new stake in GE Aerospace during the fourth quarter valued at approximately $31,000. Paladin Partners LLC bought a new stake in shares of GE Aerospace in the 2nd quarter valued at approximately $38,000. Tucker Asset Management LLC bought a new stake in shares of GE Aerospace in the 4th quarter valued at approximately $32,000. Finally, Parvin Asset Management LLC purchased a new position in shares of GE Aerospace in the 2nd quarter worth approximately $41,000. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Company Profile

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.