GE Aerospace (NYSE:GE) Trading Up 3.3% – Time to Buy?

GE Aerospace (NYSE:GE)’s stock price traded up 3.3% during mid-day trading on Thursday . The company traded as high as $302.31 and last traded at $301.76. 4,393,395 shares changed hands during trading, a decline of 19% from the average session volume of 5,392,597 shares. The stock had previously closed at $292.18.

Analyst Upgrades and Downgrades

GE has been the topic of several analyst reports. 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. Zacks Research lowered shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Wolfe Research upped their target price on shares of GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. The Goldman Sachs Group lifted their target price on GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $350.00 price objective on shares of GE Aerospace in a research report on Wednesday, October 8th. Sixteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $309.94.

GE Aerospace Stock Performance

The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. The stock has a market cap of $318.30 billion, a P/E ratio of 40.29, a P/E/G ratio of 2.31 and a beta of 1.40. The business’s 50-day moving average price is $299.35 and its 200-day moving average price is $279.35.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.20. The business 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%.GE Aerospace’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, sell-side analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

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

Insider Transactions at GE Aerospace

In other news, SVP Russell Stokes sold 8,000 shares of the firm’s 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 $44,785,706.14. This trade 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 the SEC website. 0.21% of the stock is currently owned by company insiders.

Institutional Trading of GE Aerospace

Several hedge funds and other institutional investors have recently bought and sold shares of GE. Brighton Jones LLC raised its holdings in shares of GE Aerospace by 25.3% in the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after purchasing an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in GE Aerospace by 7.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock worth $375,000 after buying an additional 150 shares during the period. GM Advisory Group LLC bought a new stake in GE Aerospace during the 1st quarter valued at $218,000. Dorsey & Whitney Trust CO LLC increased its holdings in shares of GE Aerospace by 3.7% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 4,704 shares of the company’s stock valued at $942,000 after acquiring an additional 166 shares during the period. Finally, PGIM Custom Harvest LLC increased its holdings in shares of GE Aerospace by 36.6% in the 1st quarter. PGIM Custom Harvest LLC now owns 1,776 shares of the company’s stock valued at $355,000 after acquiring an additional 476 shares during the period. Hedge funds and other 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.