GE Aerospace (NYSE:GE) Given Consensus Recommendation of "Buy" by Analysts

GE Aerospace (NYSE:GE - Get Free Report) has received an average recommendation of "Buy" from the twelve research firms that are presently covering the firm, Marketbeat reports. Twelve investment analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have covered the stock in the last year is $216.92.

Several analysts recently commented on the company. Bank of America raised their target price on GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Redburn Atlantic began coverage on GE Aerospace in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price on the stock. UBS Group lifted their price target on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Citigroup lowered their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, Wells Fargo & Company lifted their price target on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th.

GE Aerospace Stock Performance

Shares of NYSE GE traded up $0.34 during mid-day trading on Thursday, hitting $214.83. The company had a trading volume of 3,777,196 shares, compared to its average volume of 5,357,853. The stock has a market cap of $229.09 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 2.59 and a beta of 1.31. GE Aerospace has a 12 month low of $150.20 and a 12 month high of $216.80. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The firm's 50 day simple moving average is $195.24 and its two-hundred day simple moving average is $187.97.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.29 by $0.20. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. The firm had revenue of $9.94 billion for the quarter, compared to analysts' expectations of $9.06 billion. As a group, equities research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, March 10th were paid a dividend of $0.36 per share. The ex-dividend date was Monday, March 10th. This is a positive change from GE Aerospace's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.67%. GE Aerospace's dividend payout ratio (DPR) is currently 22.40%.

Insider Transactions at GE Aerospace

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

Institutional Trading of GE Aerospace

Several hedge funds and other institutional investors have recently modified their holdings of GE. Sfmg LLC boosted its position in GE Aerospace by 2.4% during the first quarter. Sfmg LLC now owns 2,088 shares of the company's stock valued at $418,000 after purchasing an additional 48 shares during the last quarter. Truvestments Capital LLC boosted its position in GE Aerospace by 26.2% during the fourth quarter. Truvestments Capital LLC now owns 236 shares of the company's stock valued at $39,000 after purchasing an additional 49 shares during the last quarter. SGL Investment Advisors Inc. boosted its position in GE Aerospace by 3.6% during the first quarter. SGL Investment Advisors Inc. now owns 1,413 shares of the company's stock valued at $303,000 after purchasing an additional 49 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE boosted its position in GE Aerospace by 17.6% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company's stock valued at $56,000 after purchasing an additional 50 shares during the last quarter. Finally, Hudock Inc. boosted its position in GE Aerospace by 1.8% during the first quarter. Hudock Inc. now owns 2,905 shares of the company's stock valued at $582,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

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.