GE Aerospace (NYSE:GE) Trading Up 1% – Should You Buy?

GE Aerospace (NYSE:GE) rose 1% during mid-day trading on Thursday . The company traded as high as $294.54 and last traded at $291.49. Approximately 4,068,637 shares changed hands during trading, a decline of 25% from the average daily volume of 5,389,388 shares. The stock had previously closed at $288.49.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $350.00 price target on shares of GE Aerospace in a report on Wednesday, October 8th. The Goldman Sachs Group upped their target price on GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Royal Bank Of Canada raised their price target on GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. UBS Group set a $366.00 price target on GE Aerospace and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, Wall Street Zen lowered shares of GE Aerospace from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Sixteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $304.31.

GE Aerospace Trading Up 1.0%

The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76. The business’s 50-day simple moving average is $300.85 and its two-hundred day simple moving average is $275.58. The stock has a market capitalization of $307.47 billion, a price-to-earnings ratio of 38.92, a PEG ratio of 2.24 and a beta of 1.40.

GE Aerospace (NYSE:GE) last issued its earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. The business had revenue of $11.31 billion for the quarter, compared to the consensus estimate of $10.29 billion. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The business’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.15 EPS. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, research analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Monday, September 29th were given a $0.36 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace’s dividend payout ratio (DPR) is 19.23%.

Insider Buying and Selling at GE Aerospace

In other news, SVP Russell Stokes sold 8,000 shares of the company’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total value of $2,381,680.00. Following the completion of the sale, the senior vice president owned 150,434 shares of the company’s stock, valued at $44,785,706.14. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is owned by insiders.

Hedge Funds Weigh In On GE Aerospace

Several hedge funds and other institutional investors have recently bought and sold shares of GE. Jacobsen Capital Management raised its stake in shares of GE Aerospace by 1.4% during the third quarter. Jacobsen Capital Management now owns 2,295 shares of the company’s stock valued at $690,000 after purchasing an additional 32 shares during the period. Harfst & Associates Inc. grew its holdings in GE Aerospace by 0.4% during the 3rd quarter. Harfst & Associates Inc. now owns 7,444 shares of the company’s stock valued at $2,239,000 after purchasing an additional 33 shares in the last quarter. Ledyard National Bank grew its holdings in GE Aerospace by 1.2% during the 3rd quarter. Ledyard National Bank now owns 2,754 shares of the company’s stock valued at $828,000 after purchasing an additional 33 shares in the last quarter. Hardy Reed LLC increased its stake in GE Aerospace by 0.7% during the 3rd quarter. Hardy Reed LLC now owns 4,999 shares of the company’s stock worth $1,504,000 after buying an additional 33 shares during the period. Finally, RMG Wealth Management LLC lifted its holdings in GE Aerospace by 8.3% in the 3rd quarter. RMG Wealth Management LLC now owns 442 shares of the company’s stock worth $132,000 after buying an additional 34 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

About GE Aerospace

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.