GE Aerospace (NYSE:GE) Stock Price Down 1.2% – What’s Next?

GE Aerospace (NYSE:GE) shares were down 1.2% on Monday. The company traded as low as $305.36 and last traded at $305.7760. Approximately 5,208,611 shares were traded during trading, an increase of 2% from the average daily volume of 5,129,477 shares. The stock had previously closed at $309.56.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GE. Melius Research set a $350.00 target price on GE Aerospace and gave the stock a “hold” rating in a research report on Monday, September 14th. TD Cowen reissued a “buy” rating and issued a $380.00 price target (up from $330.00) on shares of GE Aerospace in a report on Monday, July 13th. Citigroup restated a “buy” rating and set a $431.00 price objective (up from $353.00) on shares of GE Aerospace in a research note on Wednesday, July 1st. Susquehanna restated a “positive” rating and set a $430.00 price objective (up from $380.00) on shares of GE Aerospace in a report on Thursday, July 9th. Finally, UBS Group upped their target price on GE Aerospace from $426.00 to $435.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Sixteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $386.67.

GE Aerospace Price Performance

The company has a market cap of $317.26 billion, a P/E ratio of 36.02, a P/E/G ratio of 2.26 and a beta of 1.38. The company’s 50-day moving average price is $341.45 and its two-hundred day moving average price is $327.33. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.96.

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

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Monday, October 5th will be given a $0.47 dividend. The ex-dividend date is Monday, October 5th. This represents a $1.88 annualized dividend and a dividend yield of 0.6%. GE Aerospace’s dividend payout ratio (DPR) is presently 22.14%.

Insider Buying and Selling at GE Aerospace

In other news, SVP Mohamed Ali sold 8,096 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $353.71, for a total value of $2,863,636.16. Following the completion of the sale, the senior vice president directly owned 20,666 shares in the company, valued at approximately $7,309,770.86. The trade was a 28.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On GE Aerospace

Hedge funds have recently added to or reduced their stakes in the business. Baker Tilly Wealth Management LLC increased its stake in GE Aerospace by 2.1% during the third quarter. Baker Tilly Wealth Management LLC now owns 3,279 shares of the company’s stock valued at $1,024,000 after purchasing an additional 68 shares during the last quarter. Eastern Bank lifted its position in shares of GE Aerospace by 8.4% in the 3rd quarter. Eastern Bank now owns 12,152 shares of the company’s stock worth $3,795,000 after buying an additional 941 shares during the last quarter. Heartwood Wealth Advisors LLC grew its position in shares of GE Aerospace by 7.7% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 759 shares of the company’s stock valued at $237,000 after buying an additional 54 shares during the last quarter. Polaris Financial Partners acquired a new stake in GE Aerospace during the third quarter worth about $396,000. Finally, Boltwood Capital Management raised its stake in GE Aerospace by 3.1% during the third quarter. Boltwood Capital Management now owns 1,163 shares of the company’s stock worth $363,000 after acquiring an additional 35 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Company Profile

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.