GE Aerospace (NYSE:GE) Reaches New 12-Month High - Here's Why

Key Points

• GE Aerospace's share price reached a new 52-week high at $294.74, up from a previous close of $286.78, with substantial trading volume of over 5.5 million shares.
• Several analysts have upgraded their ratings and price targets for GE Aerospace, with ten ratings indicating a Buy recommendation and an average price target of $232.92.
• The company reported a 21.2% year-over-year revenue increase of $10.15 billion and exceeded earnings expectations with an EPS of $1.66, beating the consensus of $1.43.

GE Aerospace (NYSE:GE - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $294.74 and last traded at $293.01, with a volume of 5535685 shares changing hands. The stock had previously closed at $286.78.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wells Fargo & Company increased their price objective on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Citigroup reiterated 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. Royal Bank Of Canada lifted their price objective on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. UBS Group lifted 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. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $232.92.

GE Aerospace Trading Up 1.5%

The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88. The company's fifty day moving average is $273.62 and its 200-day moving average is $236.86. The firm has a market capitalization of $319.85 billion, a P/E ratio of 42.07, a P/E/G ratio of 3.20 and a beta of 1.48.

GE Aerospace (NYSE:GE - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, topping 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 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 business's quarterly revenue was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. As a group, sell-side analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is 20.08%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC increased its position in GE Aerospace by 3.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 21,125 shares of the company's stock worth $5,437,000 after buying an additional 776 shares during the period. Milestones Private Investment Advisors LLC bought a new position in GE Aerospace in the 2nd quarter worth approximately $238,000. V. M. Manning & CO. Inc. acquired a new position in shares of GE Aerospace during the second quarter valued at about $2,146,000. Osaic Holdings Inc. lifted its stake in shares of GE Aerospace by 29.0% in the second quarter. Osaic Holdings Inc. now owns 327,047 shares of the company's stock valued at $81,014,000 after buying an additional 73,509 shares during the period. Finally, PVG Asset Management Corp lifted its stake in shares of GE Aerospace by 10.8% in the second quarter. PVG Asset Management Corp now owns 1,155 shares of the company's stock valued at $297,000 after buying an additional 113 shares during the period. 74.77% of the stock is owned by institutional investors.

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.