GE Aerospace (NYSE:GE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of GE Aerospace (NYSE:GE) from a hold rating to a buy rating in a research note published on Saturday morning.

GE has been the subject of several other reports. Weiss Ratings reiterated a “buy (b)” rating on shares of GE Aerospace in a report on Wednesday, October 8th. TD Cowen increased their price target on GE Aerospace from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Citigroup began coverage on shares of GE Aerospace in a research note on Thursday. They set a “buy” rating and a $386.00 price objective on the stock. BNP Paribas raised GE Aerospace to a “strong sell” rating in a report on Tuesday, November 18th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a research note on Monday, October 27th. Sixteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $309.94.

GE Aerospace Stock Up 0.6%

GE opened at $301.48 on Friday. GE Aerospace has a 12 month low of $159.36 and a 12 month high of $316.67. The business has a 50-day moving average of $299.62 and a two-hundred day moving average of $278.88. The stock has a market capitalization of $318.00 billion, a price-to-earnings ratio of 40.25, a price-to-earnings-growth ratio of 2.31 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.

GE Aerospace (NYSE:GE) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. The company had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. GE Aerospace’s revenue was up 26.4% on a year-over-year basis. During the same quarter last 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, research analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Monday, December 29th will be given a $0.36 dividend. The ex-dividend date of this dividend is Monday, December 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 currently 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 dated Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On GE Aerospace

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bare Financial Services Inc boosted its position in shares of GE Aerospace by 81.1% in the 2nd quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock worth $25,000 after purchasing an additional 43 shares during the last quarter. REAP Financial Group LLC acquired a new stake in shares of GE Aerospace during the third quarter worth $25,000. Marquette Asset Management LLC acquired a new position in shares of GE Aerospace during the third quarter worth about $26,000. Barnes Dennig Private Wealth Management LLC grew its stake in shares of GE Aerospace by 147.2% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock worth $27,000 after acquiring an additional 53 shares in the last quarter. Finally, Lavaca Capital LLC increased its stake in GE Aerospace by 1,666.7% in the 2nd quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. Institutional investors 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.