GE Aerospace (NYSE:GE) Reaches New 1-Year High – Here’s What Happened

GE Aerospace (NYSE:GE)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $318.14 and last traded at $319.06, with a volume of 2703809 shares. The stock had previously closed at $308.03.

Analyst Ratings Changes

GE has been the subject of several research reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a report on Monday, October 27th. Bank of America raised their price objective on shares of GE Aerospace from $310.00 to $365.00 and gave the company a “buy” rating in a research report on Monday, October 27th. TD Cowen lifted their target price on shares of GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Citigroup assumed coverage on shares of GE Aerospace in a research note on Thursday, December 11th. They set a “buy” rating and a $386.00 price target on the stock. Finally, The Goldman Sachs Group lifted their price objective on shares of GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Sixteen analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $309.94.

GE Aerospace Stock Up 4.0%

The stock has a market cap of $337.88 billion, a P/E ratio of 42.72, a P/E/G ratio of 2.38 and a beta of 1.40. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99. The firm’s fifty day moving average is $301.84 and its 200 day moving average is $284.07.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.20. The company 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 company’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, equities research analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Monday, December 29th will be paid a dividend of $0.36 per share. The ex-dividend date is Monday, December 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.4%. GE Aerospace’s dividend payout ratio (DPR) is currently 19.23%.

Insider Activity at GE Aerospace

In related news, SVP Russell Stokes sold 8,000 shares of the 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 owned 150,434 shares in the company, valued at $44,785,706.14. This trade represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On GE Aerospace

A number of large investors have recently modified their holdings of the stock. First Financial Bank Trust Division boosted its stake in GE Aerospace by 2.0% in the fourth quarter. First Financial Bank Trust Division now owns 5,277 shares of the company’s stock valued at $1,625,000 after acquiring an additional 101 shares during the last quarter. Insight Wealth Strategies LLC boosted its position in shares of GE Aerospace by 6.9% in the 4th quarter. Insight Wealth Strategies LLC now owns 1,213 shares of the company’s stock worth $374,000 after purchasing an additional 78 shares during the last quarter. Triumph Capital Management bought a new position in shares of GE Aerospace in the 3rd quarter worth $52,000. AIA Group Ltd grew its stake in shares of GE Aerospace by 52.1% during the third quarter. AIA Group Ltd now owns 77,356 shares of the company’s stock worth $23,270,000 after purchasing an additional 26,510 shares during the period. Finally, Keel Point LLC increased its holdings in GE Aerospace by 4.3% in the third quarter. Keel Point LLC now owns 7,069 shares of the company’s stock valued at $2,126,000 after purchasing an additional 290 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

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.