GE Aerospace (NYSE:GE) Trading Up 2.1% – Time to Buy?

GE Aerospace (NYSE:GE)’s share price traded up 2.1% during trading on Wednesday . The stock traded as high as $318.50 and last traded at $313.3640. 4,508,177 shares changed hands during trading, a decline of 13% from the average daily volume of 5,164,919 shares. The stock had previously closed at $307.05.

Analyst Upgrades and Downgrades

GE has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on shares of GE Aerospace from $335.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. TD Cowen restated a “buy” rating and issued a $380.00 target price (up from $330.00) on shares of GE Aerospace in a research note on Monday, July 13th. Weiss Ratings raised GE Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 17th. Melius Research set a $350.00 price target on GE Aerospace and gave the stock a “hold” rating in a research note on Monday. Finally, Jefferies Financial Group lifted their price target on GE Aerospace from $365.00 to $455.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Sixteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $388.33.

GE Aerospace Price Performance

The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.67. The stock has a market capitalization of $325.82 billion, a P/E ratio of 36.99, a PEG ratio of 2.28 and a beta of 1.35. The stock’s fifty day moving average is $348.57 and its 200-day moving average is $327.77.

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. The company had revenue of $12.63 billion during the quarter, compared to analysts’ expectations of $11.87 billion. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.The business’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.66 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, equities analysts anticipate that GE Aerospace will post 7.91 earnings per share for the current year.

GE Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Monday, July 6th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, July 6th. 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 that occurred 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 owned 20,666 shares in the company, valued at $7,309,770.86. This trade represents a 28.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.19% of the stock is owned by insiders.

Institutional Trading of GE Aerospace

Institutional investors and hedge funds have recently modified their holdings of the company. Auto Owners Insurance Co boosted its position in shares of GE Aerospace by 52,247.5% during the fourth quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company’s stock worth $2,024,413,000 after purchasing an additional 65,595,733 shares in the last quarter. Geode Capital Management LLC increased its position in shares of GE Aerospace by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 24,774,942 shares of the company’s stock valued at $7,615,200,000 after buying an additional 312,880 shares in the last quarter. Norges Bank acquired a new stake in GE Aerospace during the 4th quarter worth $4,444,736,000. Jennison Associates LLC lifted its holdings in GE Aerospace by 37.7% during the first quarter. Jennison Associates LLC now owns 11,026,006 shares of the company’s stock worth $3,128,850,000 after acquiring an additional 3,017,937 shares in the last quarter. Finally, Invesco Ltd. grew its stake in GE Aerospace by 2.1% in the fourth quarter. Invesco Ltd. now owns 9,280,276 shares of the company’s stock valued at $2,858,604,000 after acquiring an additional 189,979 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

About GE Aerospace

GE Aerospace (NYSE:GE) is a global aerospace company that designs, develops, manufactures and services aircraft engines and related systems. Its portfolio serves commercial aviation, military and defense, business and general aviation, and other aerospace markets.

The company’s products and services include commercial and military aircraft engines, integrated engine systems, avionics, mechanical systems and digital solutions. GE Aerospace also provides maintenance, repair, overhaul, spare parts, technical support and other lifecycle services for aircraft propulsion and related equipment.

GE Aerospace traces its roots to the aviation activities of General Electric, which began developing aircraft engines during World War I.