GE Aerospace (NYSE:GE) Stock Price Down 0% - Should You Sell?

Shares of GE Aerospace (NYSE:GE - Get Free Report) dropped 0% during trading on Wednesday . The company traded as low as $220.45 and last traded at $221.49. Approximately 736,652 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 5,757,837 shares. The stock had previously closed at $221.58.

Analyst Upgrades and Downgrades

GE has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Citigroup cut their price target on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Royal Bank of Canada reiterated an "outperform" rating and issued a $220.00 price target on shares of GE Aerospace in a research note on Wednesday, April 23rd. Redburn Atlantic initiated coverage on shares of GE Aerospace in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target for the company. Finally, Bank of America increased their price target on shares of GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 27th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $216.92.

GE Aerospace Trading Up 1.1%

The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The business's 50 day moving average price is $198.19 and its 200-day moving average price is $189.58. The company has a market cap of $247.25 billion, a price-to-earnings ratio of 38.71, a PEG ratio of 2.59 and a beta of 1.31.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.20. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. The business had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.06 billion. On average, equities analysts anticipate that GE Aerospace will post 5.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of the firm's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $196.73, for a total value of $807,379.92. Following the transaction, the vice president now directly owns 11,540 shares of the company's stock, valued at $2,270,264.20. This trade represents a 26.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mohamed Ali sold 1,602 shares of the firm's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total transaction of $321,473.34. Following the completion of the transaction, the senior vice president now directly owns 8,805 shares in the company, valued at approximately $1,766,899.35. This represents a 15.39% 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.

Hedge Funds Weigh In On GE Aerospace

Several hedge funds have recently bought and sold shares of the company. Truvestments Capital LLC lifted its position in GE Aerospace by 19.5% during the 1st quarter. Truvestments Capital LLC now owns 282 shares of the company's stock valued at $56,000 after acquiring an additional 46 shares during the period. Sfmg LLC lifted its position in GE Aerospace by 2.4% during the 1st quarter. Sfmg LLC now owns 2,088 shares of the company's stock valued at $418,000 after acquiring an additional 48 shares during the period. SGL Investment Advisors Inc. lifted its position in GE Aerospace by 3.6% during the 1st quarter. SGL Investment Advisors Inc. now owns 1,413 shares of the company's stock valued at $303,000 after acquiring an additional 49 shares during the period. Ritter Daniher Financial Advisory LLC DE lifted its position in GE Aerospace by 17.6% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company's stock valued at $56,000 after acquiring an additional 50 shares during the period. Finally, Hudock Inc. lifted its position in GE Aerospace by 1.8% during the 1st quarter. Hudock Inc. now owns 2,905 shares of the company's stock valued at $582,000 after acquiring an additional 50 shares during the period. 74.77% of the stock is 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.