GE Aerospace (NYSE:GE) Shares Up 1.4% – Here’s Why

GE Aerospace (NYSE:GE)’s share price traded up 1.4% on Wednesday . The company traded as high as $356.39 and last traded at $354.39. 3,033,765 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 5,278,005 shares. The stock had previously closed at $349.54.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. BNP Paribas Exane lowered their price target on shares of GE Aerospace from $300.00 to $270.00 and set an “underperform” rating for the company in a report on Thursday, May 14th. Jefferies Financial Group boosted their price objective on GE Aerospace from $365.00 to $455.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Royal Bank Of Canada restated an “outperform” rating and set a $400.00 price objective (up from $355.00) on shares of GE Aerospace in a research report on Wednesday, July 15th. TD Cowen reaffirmed a “buy” rating and issued a $380.00 price objective (up from $330.00) on shares of GE Aerospace in a research note on Monday, July 13th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $390.00 target price on shares of GE Aerospace in a report on Monday, July 20th. Sixteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $390.59.

GE Aerospace Price Performance

The stock’s 50 day moving average price is $361.04 and its 200-day moving average price is $327.48. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $367.70 billion, a PE ratio of 41.74, a price-to-earnings-growth ratio of 2.50 and a beta of 1.36.

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

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Monday, July 6th were issued a $0.47 dividend. The ex-dividend date was Monday, July 6th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s payout ratio is presently 22.14%.

Insider Transactions at GE Aerospace

In other GE Aerospace news, SVP Mohamed Ali sold 8,096 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $353.71, for a total transaction of $2,863,636.16. Following the transaction, the senior vice president directly owned 20,666 shares in the company, valued at $7,309,770.86. This trade represents a 28.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.19% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On GE Aerospace

Several hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System increased its stake in shares of GE Aerospace by 36,799.0% during the second quarter. California State Teachers Retirement System now owns 594,835,395 shares of the company’s stock valued at $222,307,832,000 after buying an additional 593,223,330 shares during the period. Auto Owners Insurance Co raised its holdings in shares of GE Aerospace by 52,247.5% in the fourth quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company’s stock valued at $2,024,413,000 after acquiring an additional 65,595,733 shares in the last quarter. State Street Corp lifted its stake in GE Aerospace by 1.5% in the fourth quarter. State Street Corp now owns 45,240,802 shares of the company’s stock worth $13,951,570,000 after acquiring an additional 663,160 shares during the period. Geode Capital Management LLC lifted its stake in GE Aerospace by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 24,774,942 shares of the company’s stock worth $7,615,200,000 after acquiring an additional 312,880 shares during the period. Finally, Norges Bank bought a new position in GE Aerospace during the 4th quarter worth about $4,444,736,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

About GE Aerospace

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.