GE Aerospace (NYSE:GE) Trading 2.4% Higher – Time to Buy?

GE Aerospace (NYSE:GE) shot up 2.4% during trading on Monday . The stock traded as high as $294.82 and last traded at $294.20. 7,598,712 shares changed hands during trading, an increase of 40% from the average session volume of 5,418,175 shares. The stock had previously closed at $287.44.

Analyst Upgrades and Downgrades

GE has been the subject of several recent research reports. BNP Paribas Exane began coverage on shares of GE Aerospace in a research report on Tuesday, November 18th. They set an “underperform” rating for the company. Jefferies Financial Group raised their target price on GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday, October 8th. Finally, BNP Paribas upgraded shares of GE Aerospace to a “strong sell” rating in a research note on Tuesday, November 18th. Fifteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, GE Aerospace has an average rating of “Moderate Buy” and a consensus target price of $301.27.

GE Aerospace Trading Up 1.2%

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 stock has a market cap of $313.22 billion, a P/E ratio of 39.65, a price-to-earnings-growth ratio of 3.09 and a beta of 1.56. The stock’s 50-day moving average is $301.61 and its two-hundred day moving average is $273.06.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. The firm had revenue of $11.31 billion during the quarter, compared to analyst estimates 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 quarter last year, the business posted $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities research analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Monday, September 29th were issued 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 dividend yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is presently 19.23%.

Insiders Place Their Bets

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the company’s stock in a transaction that occurred on 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 sale, the senior vice president directly owned 150,434 shares in the company, valued at $44,785,706.14. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.21% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Brighton Jones LLC lifted its position in shares of GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock worth $2,003,000 after purchasing an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock valued at $375,000 after buying an additional 150 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new position in shares of GE Aerospace during the first quarter worth approximately $62,000. Vantage Financial Partners LLC bought a new stake in shares of GE Aerospace during the first quarter valued at approximately $217,000. Finally, Prosperity Consulting Group LLC boosted its holdings in shares of GE Aerospace by 2.7% in the first quarter. Prosperity Consulting Group LLC now owns 2,407 shares of the company’s stock valued at $482,000 after purchasing an additional 63 shares during the period. Institutional investors own 74.77% of the company’s stock.

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.