GE Aerospace (NYSE:GE) Shares Down 1.4% - What's Next?

GE Aerospace (NYSE:GE - Get Free Report)'s share price traded down 1.4% during trading on Tuesday . The stock traded as low as $254.66 and last traded at $259.06. 2,012,425 shares changed hands during trading, a decline of 64% from the average session volume of 5,633,027 shares. The stock had previously closed at $262.86.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Wells Fargo & Company boosted their target price on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday. Royal Bank Of Canada increased their target price on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Citigroup restated a "buy" rating and set a $296.00 target price (up from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Barclays upped their price target on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Wall Street Zen raised GE Aerospace from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, GE Aerospace presently has a consensus rating of "Moderate Buy" and a consensus price target of $232.92.

GE Aerospace Stock Up 1.4%

The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The stock has a market capitalization of $283.05 billion, a PE ratio of 37.23, a price-to-earnings-growth ratio of 2.93 and a beta of 1.37. The business's fifty day moving average price is $246.81 and its two-hundred day moving average price is $213.67.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (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 business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period in the prior year, the company posted $1.20 EPS. The company's revenue for the quarter was up 21.2% on a year-over-year basis. On average, equities research analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, July 7th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.54%. GE Aerospace's dividend payout ratio is presently 20.08%.

Insider Activity

In related news, SVP Mohamed Ali sold 1,602 shares of the business's stock in a transaction on Tuesday, April 29th. The shares were 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 directly owned 8,805 shares of the company's stock, valued at $1,766,899.35. The trade was a 15.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.21% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GE. New Age Alpha Advisors LLC lifted its holdings in shares of GE Aerospace by 133.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock valued at $25,000 after purchasing an additional 84 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. purchased a new position in shares of GE Aerospace during the fourth quarter valued at approximately $28,000. Putney Financial Group LLC purchased a new position in shares of GE Aerospace during the fourth quarter valued at approximately $28,000. IMA Advisory Services Inc. purchased a new position in shares of GE Aerospace during the first quarter valued at approximately $28,000. Finally, Copia Wealth Management lifted its stake in shares of GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after buying an additional 142 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

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.