GE Aerospace (NYSE:GE) Given Average Recommendation of "Moderate Buy" by Brokerages

GE Aerospace (NYSE:GE - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $240.33.

GE has been the subject of a number of analyst reports. Royal Bank Of Canada upped their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday. Wall Street Zen raised shares of GE Aerospace from a "hold" rating to a "buy" rating in a research report on Friday. Wells Fargo & Company upped their target price on shares of GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. UBS Group upped their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research report on Friday. Finally, Northcoast Research cut shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th.

GE Aerospace Price Performance

GE stock opened at $262.69 on Tuesday. GE Aerospace has a 52 week low of $150.20 and a 52 week high of $272.80. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The company has a fifty day simple moving average of $244.37 and a two-hundred day simple moving average of $212.37. The firm has a market capitalization of $280.13 billion, a P/E ratio of 36.64, a price-to-earnings-growth ratio of 3.05 and a beta of 1.37.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter last year, the firm posted $1.20 EPS. The company's revenue for the quarter was up 21.2% on a year-over-year basis. Analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, July 7th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.55%. GE Aerospace's dividend payout ratio (DPR) is presently 20.08%.

Insider Buying and Selling

In related news, SVP Mohamed Ali sold 1,602 shares of the company's stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total value of $321,473.34. Following the sale, the senior vice president owned 8,805 shares in the company, valued at $1,766,899.35. This represents a 15.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $196.73, for a total value of $807,379.92. Following the completion of the transaction, the vice president directly owned 11,540 shares in the company, valued at $2,270,264.20. This trade represents a 26.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company's stock.

Institutional Investors Weigh In On GE Aerospace

A number of institutional investors have recently bought and sold shares of GE. Quent Capital LLC raised its stake in shares of GE Aerospace by 1.2% during the second quarter. Quent Capital LLC now owns 6,708 shares of the company's stock valued at $1,727,000 after acquiring an additional 78 shares in the last quarter. AIFG Consultants Ltd. raised its stake in shares of GE Aerospace by 2.5% during the second quarter. AIFG Consultants Ltd. now owns 1,961 shares of the company's stock valued at $505,000 after acquiring an additional 48 shares in the last quarter. Ameriflex Group Inc. raised its stake in shares of GE Aerospace by 23.5% during the second quarter. Ameriflex Group Inc. now owns 1,742 shares of the company's stock valued at $437,000 after acquiring an additional 331 shares in the last quarter. ZWJ Investment Counsel Inc. raised its stake in shares of GE Aerospace by 2.2% during the second quarter. ZWJ Investment Counsel Inc. now owns 44,832 shares of the company's stock valued at $11,539,000 after acquiring an additional 965 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of GE Aerospace during the second quarter valued at approximately $22,896,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.