GE Aerospace (NYSE:GE) Shares Down 1.9% - Here's Why

Key Points

• GE Aerospace shares fell 1.9% to about $341.92 in mid-day trading, with volume roughly half its average daily level.
• Analyst sentiment remains positive: 16 analysts rate the stock Buy, with an overall “Moderate Buy” consensus and an average price target of $390.59. Several firms recently raised their targets, including Jefferies to $455.
• The company reported quarterly EPS and revenue above estimates, with revenue rising 21.1% year over year. GE Aerospace also declared a $0.47 quarterly dividend, equivalent to a 0.5% annual yield.

GE Aerospace (NYSE:GE - Get Free Report)'s share price dropped 1.9% during trading on Monday . The company traded as low as $340.54 and last traded at $341.9220. 2,649,108 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 5,305,155 shares. The stock had previously closed at $348.37.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Jefferies Financial Group upped their price target on GE Aerospace from $365.00 to $455.00 and gave the company a "buy" rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. lifted their price objective on GE Aerospace from $335.00 to $400.00 and gave the stock an "overweight" rating in a report on Monday, July 20th. Susquehanna reissued a "positive" rating and issued a $430.00 target price (up from $380.00) on shares of GE Aerospace in a research report on Thursday, July 9th. Weiss Ratings raised GE Aerospace from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, July 17th. Finally, The Goldman Sachs Group restated a "buy" rating and set a $410.00 target price on shares of GE Aerospace in a research note on Monday, July 20th. Sixteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $390.59.

GE Aerospace Price Performance

The stock has a market capitalization of $354.77 billion, a P/E ratio of 40.27, a PEG ratio of 2.54 and a beta of 1.36. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.67 and a current ratio of 0.98. The firm has a fifty day moving average price of $361.10 and a two-hundred day moving average price of $326.97.

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 the consensus estimate of $1.86 by $0.16. The company had revenue of $12.63 billion during the quarter, compared to analyst estimates of $11.87 billion. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.GE Aerospace's revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.66 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. As a group, analysts expect that GE Aerospace will post 7.91 EPS for the current fiscal year.

GE Aerospace Announces Dividend

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

Insider Activity at GE Aerospace

In other news, SVP Mohamed Ali sold 8,096 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $353.71, for a total value of $2,863,636.16. Following the transaction, the senior vice president owned 20,666 shares in the company, valued at $7,309,770.86. This represents a 28.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is owned by insiders.

Institutional Trading of GE Aerospace

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System raised its position in GE Aerospace by 36,799.0% in the second quarter. California State Teachers Retirement System now owns 594,835,395 shares of the company's stock worth $222,307,832,000 after acquiring an additional 593,223,330 shares during the period. Tanager Wealth Management LLP bought a new stake in shares of GE Aerospace during the 2nd quarter valued at $297,000. Ameritas Advisory Services LLC grew its position in shares of GE Aerospace by 142.3% during the 2nd quarter. Ameritas Advisory Services LLC now owns 15,360 shares of the company's stock valued at $5,741,000 after acquiring an additional 9,021 shares during the period. Guardian Wealth Advisors LLC NC grew its position in shares of GE Aerospace by 1.5% during the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 2,319 shares of the company's stock valued at $867,000 after acquiring an additional 35 shares during the period. Finally, Wedmont Private Capital increased its stake in shares of GE Aerospace by 3.5% in the 2nd quarter. Wedmont Private Capital now owns 19,322 shares of the company's stock worth $6,942,000 after purchasing an additional 645 shares in the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

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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