GE Aerospace (NYSE:GE) Shares Down 1.8% - Here's What Happened

Key Points

• GE Aerospace shares fell 1.8% to about $374.22 in mid-day trading, with volume 42% below its average.
• Analysts remain broadly bullish, with 16 Buy ratings, two Holds and one Sell; the consensus target price is $390.59, while several firms recently raised their targets.
• The company reported strong quarterly results, including $2.02 earnings per share and $12.63 billion in revenue, up 21.1% year over year. GE also declared a quarterly dividend of $0.47 per share, representing a 0.5% annualized yield.

GE Aerospace (NYSE:GE - Get Free Report) fell 1.8% during mid-day trading on Thursday . The company traded as low as $372.79 and last traded at $374.2180. Approximately 3,173,928 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 5,432,599 shares. The stock had previously closed at $381.22.

Wall Street Analysts Forecast Growth

GE has been the topic of several recent analyst reports. UBS Group boosted their target price on shares of GE Aerospace from $426.00 to $435.00 and gave the company a "buy" rating in a research note on Friday, July 17th. Wells Fargo & Company reiterated an "overweight" rating and issued a $390.00 price objective on shares of GE Aerospace in a report on Monday, July 20th. Susquehanna restated a "positive" rating and issued a $430.00 price objective (up from $380.00) on shares of GE Aerospace in a research note on Thursday, July 9th. TD Cowen reaffirmed a "buy" rating and issued a $380.00 target price (up from $330.00) on shares of GE Aerospace in a report on Monday, July 13th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $400.00 target price (up from $355.00) on shares of GE Aerospace in a research note on Wednesday, July 15th. Sixteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $390.59.

GE Aerospace Trading Down 1.8%

The company's fifty day moving average price is $351.74 and its two-hundred day moving average price is $322.06. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. The company has a market cap of $388.27 billion, a price-to-earnings ratio of 44.08, a price-to-earnings-growth ratio of 2.75 and a beta of 1.36.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Thursday, July 16th. The company reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.16. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The firm had revenue of $12.63 billion for the quarter, compared to analyst estimates of $11.87 billion. During the same quarter in the prior year, the firm earned $1.66 EPS. The company's revenue was up 21.1% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. Research analysts expect that GE Aerospace will post 7.91 earnings per share for the current year.

GE Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 6th were paid a $0.47 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace's dividend payout ratio is 22.14%.

Insider Buying and Selling

In other GE Aerospace news, SVP Mohamed Ali sold 8,096 shares of GE Aerospace stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $353.71, for a total transaction of $2,863,636.16. Following the transaction, the senior vice president directly owned 20,666 shares in the company, valued at approximately $7,309,770.86. The trade was a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.19% of the company's stock.

Institutional Investors Weigh In On GE Aerospace

Large investors have recently made changes to their positions in the stock. Blueline Advisors LLC bought a new stake in GE Aerospace in the 4th quarter valued at approximately $25,000. Ankerstar Wealth LLC acquired a new position in shares of GE Aerospace in the fourth quarter valued at $31,000. Tucker Asset Management LLC bought a new position in GE Aerospace in the 4th quarter valued at about $32,000. Burkett Financial Services LLC lifted its holdings in GE Aerospace by 28.9% during the 2nd quarter. Burkett Financial Services LLC now owns 125 shares of the company's stock worth $47,000 after purchasing an additional 28 shares during the last quarter. Finally, Lifetime Wealth Management P.C. bought a new stake in shares of GE Aerospace in the fourth quarter valued at about $40,000. Institutional investors own 74.77% of the company's stock.

About GE Aerospace

GE Aerospace NYSE: GE is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.

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