GE Aerospace (NYSE:GE) Trading Up 1.8% – Here’s Why

GE Aerospace (NYSE:GEGet Free Report)’s stock price shot up 1.8% on Wednesday . The company traded as high as $360.63 and last traded at $360.0860. 5,385,143 shares traded hands during trading, a decline of 4% from the average daily volume of 5,620,713 shares. The stock had previously closed at $353.73.

Trending Headlines about GE Aerospace

Here are the key news stories impacting GE Aerospace this week:

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GE shares. Wells Fargo & Company started coverage on shares of GE Aerospace in a research report on Wednesday, April 1st. They set an “overweight” rating and a $325.00 price objective for the company. UBS Group dropped their price target on GE Aerospace from $357.00 to $350.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Zacks Research lowered GE Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Jefferies Financial Group upped 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. Finally, Daiwa Securities Group started coverage on GE Aerospace in a research note on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $365.61.

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GE Aerospace Price Performance

The company has a market cap of $375.69 billion, a P/E ratio of 44.35, a PEG ratio of 3.13 and a beta of 1.35. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.01 and a quick ratio of 0.70. The company has a fifty day simple moving average of $333.33 and a 200-day simple moving average of $317.78.

GE Aerospace (NYSE:GEGet Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.26. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The firm had revenue of $11.61 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same period in the previous year, the company posted $1.49 EPS. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, sell-side analysts predict that GE Aerospace will post 7.48 earnings per share for the current year.

GE Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Monday, July 6th will be issued a $0.47 dividend. The ex-dividend date is Monday, July 6th. This represents a $1.88 dividend on an annualized basis and a yield of 0.5%. GE Aerospace’s dividend payout ratio is currently 23.15%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Ballast Inc. lifted its stake in shares of GE Aerospace by 134.0% in the 2nd quarter. Ballast Inc. now owns 1,942 shares of the company’s stock valued at $726,000 after purchasing an additional 1,112 shares during the last quarter. Buska Wealth Management LLC bought a new position in GE Aerospace during the second quarter valued at about $204,000. Annex Advisory Services LLC raised its holdings in GE Aerospace by 5.9% during the second quarter. Annex Advisory Services LLC now owns 5,373 shares of the company’s stock valued at $2,008,000 after buying an additional 300 shares in the last quarter. Insight Wealth Strategies LLC lifted its position in shares of GE Aerospace by 8.6% in the second quarter. Insight Wealth Strategies LLC now owns 1,355 shares of the company’s stock worth $508,000 after buying an additional 107 shares during the last quarter. Finally, West Branch Capital LLC lifted its position in shares of GE Aerospace by 1.7% in the second quarter. West Branch Capital LLC now owns 10,948 shares of the company’s stock worth $4,091,000 after buying an additional 182 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Company Profile

(Get Free Report)

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.

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