GE Aerospace (NYSE:GE) Reaches New 12-Month High - What's Next?

Key Points

• GE Aerospace's stock reached a new 52-week high, trading as high as $281.99, with an increase from a previous close of $275.93.
• Analyst ratings have been positive, with Royal Bank of Canada raising its price target from $275.00 to $300.00, and Citigroup increasing theirs from $227.00 to $296.00, indicating strong confidence in the stock.
• GE Aerospace recently reported quarterly earnings of $1.66 per share, exceeding expectations, and has set a fiscal year 2025 EPS guidance between 5.600-5.800.

GE Aerospace (NYSE:GE - Get Free Report)'s stock price reached a new 52-week high on Thursday . The stock traded as high as $281.99 and last traded at $280.09, with a volume of 973270 shares. The stock had previously closed at $275.93.

Wall Street Analyst Weigh In

GE has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their price target on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Citigroup reaffirmed a "buy" rating and set a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Wells Fargo & Company boosted their target price on GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. UBS Group boosted their target price on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Finally, Northcoast Research lowered GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, GE Aerospace currently has an average rating of "Moderate Buy" and an average target price of $232.92.

GE Aerospace Price Performance

The company has a 50 day moving average of $265.14 and a 200-day moving average of $230.08. The firm has a market capitalization of $298.97 billion, a P/E ratio of 39.32, a P/E/G ratio of 2.96 and a beta of 1.48. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly 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. The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm's quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. On average, sell-side analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, July 7th. GE Aerospace's dividend payout ratio is presently 20.08%.

Institutional Trading of GE Aerospace

Institutional investors and hedge funds have recently modified their holdings of the business. Bare Financial Services Inc lifted its position in shares of GE Aerospace by 81.1% during the 2nd quarter. Bare Financial Services Inc now owns 96 shares of the company's stock worth $25,000 after buying an additional 43 shares during the last quarter. Lavaca Capital LLC increased its holdings in GE Aerospace by 1,666.7% in the 2nd quarter. Lavaca Capital LLC now owns 106 shares of the company's stock worth $27,000 after purchasing an additional 100 shares in the last quarter. IMG Wealth Management Inc. increased its holdings in GE Aerospace by 113.5% in the 2nd quarter. IMG Wealth Management Inc. now owns 111 shares of the company's stock worth $29,000 after purchasing an additional 59 shares in the last quarter. IMA Advisory Services Inc. acquired a new position in GE Aerospace in the 1st quarter worth about $28,000. Finally, Copia Wealth Management increased its holdings in GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after purchasing an additional 142 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

About GE Aerospace

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.

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