GE Aerospace (NYSE:GE) Shares Up 2.2% – Should You Buy?

GE Aerospace (NYSE:GEGet Free Report)’s stock price shot up 2.2% on Tuesday . The stock traded as high as $290.66 and last traded at $286.8050. 6,022,146 shares changed hands during trading, an increase of 1% from the average session volume of 5,987,263 shares. The stock had previously closed at $280.52.

Key Stories Impacting GE Aerospace

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

Analysts Set New Price Targets

Several research firms have recently weighed in on GE. Wolfe Research lifted their target price on GE Aerospace from $340.00 to $360.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. Wells Fargo & Company began coverage on GE Aerospace in a research report on Wednesday, April 1st. They set an “overweight” rating and a $325.00 target price for the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $355.00 target price on shares of GE Aerospace in a research report on Wednesday, April 22nd. UBS Group decreased their target price on GE Aerospace from $357.00 to $350.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. lifted their target price on GE Aerospace from $325.00 to $335.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $349.89.

Read Our Latest Report on GE

GE Aerospace Price Performance

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 firm has a fifty day moving average of $305.62 and a two-hundred day moving average of $306.38. The stock has a market capitalization of $299.23 billion, a P/E ratio of 35.32, a P/E/G ratio of 2.66 and a beta of 1.36.

GE Aerospace (NYSE:GEGet Free Report) last released its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.26. The firm had revenue of $11.61 billion during the quarter, compared to the consensus estimate of $11.61 billion. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.The firm’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.49 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, analysts predict that GE Aerospace will post 7.46 EPS for the current year.

GE Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 27th. Investors of record on Monday, March 9th were issued a $0.47 dividend. The ex-dividend date was Monday, March 9th. This is an increase from GE Aerospace’s previous quarterly dividend of $0.36. This represents a $1.88 annualized dividend and a dividend yield of 0.7%. GE Aerospace’s dividend payout ratio is presently 23.15%.

Institutional Trading of GE Aerospace

Several institutional investors and hedge funds have recently made changes to their positions in the company. REAP Financial Group LLC bought a new position in GE Aerospace in the third quarter worth about $25,000. Blueline Advisors LLC bought a new position in GE Aerospace in the fourth quarter worth about $25,000. Marquette Asset Management LLC bought a new position in GE Aerospace in the third quarter worth about $26,000. Barnes Dennig Private Wealth Management LLC raised its holdings in GE Aerospace by 147.2% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock worth $27,000 after purchasing an additional 53 shares in the last quarter. Finally, Roble Belko & Company Inc raised its holdings in GE Aerospace by 98.1% in the third quarter. Roble Belko & Company Inc now owns 103 shares of the company’s stock worth $31,000 after purchasing an additional 51 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

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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