GE Aerospace (NYSE:GE) Shares Down 1.1% - Here's What Happened

Key Points

• GE Aerospace shares fell by 1.1% during trading, reaching a low of $294.87 and closing at $297.12, with trading volume dropping 22% from the average session.
• Several analysts have adjusted their price targets for GE Aerospace, with Wells Fargo increasing its target from $34.00 to $38.00 and UBS raising it from $300.00 to $321.00, highlighting a mixed rating among research firms.
• The company reported earnings of $1.66 per share, exceeding expectations, and set a fiscal 2025 guidance of 5.600-5.800 EPS, indicating strong growth in revenue.

GE Aerospace (NYSE:GE - Get Free Report) shares fell 1.1% during trading on Thursday . The company traded as low as $294.87 and last traded at $297.12. 4,500,085 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 5,803,224 shares. The stock had previously closed at $300.30.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GE. Wells Fargo & Company increased their target price on shares of GE Aerospace from $34.00 to $38.00 in a report on Wednesday, July 23rd. Wall Street Zen downgraded shares of GE Aerospace from a "buy" rating to a "hold" rating in a research report on Sunday. Royal Bank Of Canada upped their price objective on GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Barclays upped their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Finally, UBS Group increased their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $241.92.

GE Aerospace Stock Down 1.1%

The business's fifty day moving average is $275.89 and its two-hundred day moving average is $239.03. The company has a market cap of $315.08 billion, a P/E ratio of 41.44, a price-to-earnings-growth ratio of 3.29 and a beta of 1.48. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.73 and a current ratio of 1.04.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share 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 during the quarter, compared to analysts' expectations of $9.49 billion. During the same quarter in the prior year, the company earned $1.20 EPS. The company's revenue was up 21.2% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities analysts predict that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Monday, September 29th will be given 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 dividend yield of 0.5%. GE Aerospace's payout ratio is presently 20.08%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Bare Financial Services Inc grew its position in shares of GE Aerospace by 81.1% in 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 grew its position in shares of 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 buying an additional 100 shares during the last quarter. IMG Wealth Management Inc. grew its position in GE Aerospace by 113.5% during 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 during the last quarter. IMA Advisory Services Inc. purchased a new stake in GE Aerospace during the 1st quarter worth approximately $28,000. Finally, Copia Wealth Management grew its position in GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after purchasing an additional 142 shares during the last quarter. Hedge funds and other institutional investors 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.

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