GE Aerospace (NYSE:GE) Receives Average Recommendation of "Moderate Buy" from Analysts

GE Aerospace (NYSE:GE - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eleven analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $232.92.

GE has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday. Citigroup restated a "buy" rating and set a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Wells Fargo & Company upped their price objective on shares of GE Aerospace from $34.00 to $38.00 in a research report on Wednesday. Wall Street Zen upgraded shares of GE Aerospace from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Finally, UBS Group upped their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research report on Friday, July 18th.

GE Aerospace Stock Performance

Shares of GE traded up $3.27 during trading hours on Tuesday, hitting $271.28. The stock had a trading volume of 4,597,132 shares, compared to its average volume of 7,770,745. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04. The firm has a 50-day moving average price of $248.37 and a 200 day moving average price of $215.00. GE Aerospace has a fifty-two week low of $150.20 and a fifty-two week high of $272.83. The firm has a market capitalization of $287.67 billion, a price-to-earnings ratio of 37.84, a PEG ratio of 3.06 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.23. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The firm had revenue of $10.15 billion during the quarter, compared to analysts' expectations of $9.49 billion. During the same period in the previous year, the business posted $1.20 EPS. The business's revenue was up 21.2% compared to the same quarter last year. As a group, research analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Monday, July 7th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.53%. GE Aerospace's payout ratio is presently 20.08%.

Insider Activity at GE Aerospace

In other news, SVP Mohamed Ali sold 1,602 shares of GE Aerospace stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total transaction of $321,473.34. Following the sale, the senior vice president owned 8,805 shares of the company's stock, valued at approximately $1,766,899.35. The trade was a 15.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.21% of the company's stock.

Institutional Trading of GE Aerospace

Institutional investors have recently made changes to their positions in the company. Heartland Bank & Trust Co boosted its stake in GE Aerospace by 38.9% during the second quarter. Heartland Bank & Trust Co now owns 4,767 shares of the company's stock worth $1,227,000 after buying an additional 1,335 shares during the period. NorthRock Partners LLC boosted its stake in GE Aerospace by 12.8% during the second quarter. NorthRock Partners LLC now owns 15,658 shares of the company's stock worth $4,030,000 after buying an additional 1,776 shares during the period. Verdence Capital Advisors LLC boosted its stake in GE Aerospace by 10.4% during the second quarter. Verdence Capital Advisors LLC now owns 21,818 shares of the company's stock worth $5,616,000 after buying an additional 2,047 shares during the period. Astoria Portfolio Advisors LLC. purchased a new position in GE Aerospace during the second quarter worth about $249,000. Finally, Concord Asset Management LLC VA purchased a new position in GE Aerospace during the second quarter worth about $217,000. 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.