GE Aerospace (NYSE:GE) Shares Down 2% – Here’s Why

GE Aerospace (NYSE:GE) shares traded down 2% on Wednesday. The company traded as low as $302.98 and last traded at $303.3490. Approximately 3,799,753 shares changed hands during trading, a decline of 26% from the average daily volume of 5,115,253 shares. The stock had previously closed at $309.39.

Analysts Set New Price Targets

GE has been the topic of several recent analyst reports. Weiss Ratings upgraded GE Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 17th. JPMorgan Chase & Co. upped their price target on shares of GE Aerospace from $335.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, July 20th. UBS Group boosted their target price on shares of GE Aerospace from $426.00 to $435.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Susquehanna restated a “positive” rating and issued a $430.00 target price (up from $380.00) on shares of GE Aerospace in a research note on Thursday, July 9th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $400.00 price target (up from $355.00) on shares of GE Aerospace in a research report on Wednesday, July 15th. Sixteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $386.67.

GE Aerospace Trading Down 2.0%

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 firm’s 50 day moving average is $339.25 and its two-hundred day moving average is $327.41. The stock has a market cap of $314.74 billion, a price-to-earnings ratio of 35.73, a price-to-earnings-growth ratio of 2.24 and a beta of 1.38.

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

GE Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Monday, October 5th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, October 5th. GE Aerospace’s payout ratio is 22.14%.

Insider Transactions at GE Aerospace

In other GE Aerospace news, SVP Mohamed Ali sold 8,096 shares of the 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 completion of the transaction, the senior vice president directly owned 20,666 shares of the company’s stock, valued at approximately $7,309,770.86. This trade represents a 28.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.19% of the company’s stock.

Institutional Trading of GE Aerospace

A number of large investors have recently added to or reduced their stakes in the business. Burkett Financial Services LLC raised its holdings in GE Aerospace by 28.9% during the second quarter. Burkett Financial Services LLC now owns 125 shares of the company’s stock worth $47,000 after purchasing an additional 28 shares during the last quarter. BOK Financial Private Wealth Inc. grew its holdings in GE Aerospace by 3.2% in the second quarter. BOK Financial Private Wealth Inc. now owns 960 shares of the company’s stock valued at $359,000 after purchasing an additional 30 shares during the last quarter. Gradient Investments LLC grew its holdings in GE Aerospace by 4.4% in the second quarter. Gradient Investments LLC now owns 765 shares of the company’s stock valued at $286,000 after purchasing an additional 32 shares during the last quarter. Kinloch Capital LLC increased its position in shares of GE Aerospace by 3.1% in the second quarter. Kinloch Capital LLC now owns 1,079 shares of the company’s stock valued at $403,000 after buying an additional 32 shares in the last quarter. Finally, Saxon Interests Inc. increased its position in shares of GE Aerospace by 2.5% in the fourth quarter. Saxon Interests Inc. now owns 1,351 shares of the company’s stock valued at $416,000 after buying an additional 33 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

About GE Aerospace

GE Aerospace is an aerospace and defense company that designs, develops, manufactures and services aircraft engines and integrated systems. Its products support commercial and business aviation, military aircraft, and other specialized aerospace applications.

The company’s offerings include commercial and military jet engines, propulsion systems, avionics, electrical power systems, mechanical systems and digital solutions. GE Aerospace also provides maintenance, repair, overhaul and other lifecycle services intended to support the operation and performance of aircraft and engines.

GE Aerospace serves airlines, aircraft manufacturers, leasing companies, defense organizations and other customers worldwide.