GE Aerospace (NYSE:GE) Shares Down 2.9% - Here's What Happened

Key Points

• GE Aerospace shares decreased by 2.9%, trading as low as $271.86, with a significant drop in average trading volume, declining by 66% compared to previous sessions.
• Multiple analysts have upgraded their price targets for GE Aerospace, with Citigroup raising its target to $296.00 and UBS Group increasing it to $321.00, indicating strong confidence in the stock.
• GE Aerospace reported a 21.2% year-over-year revenue increase during its last earnings announcement, achieving $10.15 billion, exceeding analysts' expectations.

Shares of GE Aerospace (NYSE:GE - Get Free Report) traded down 2.9% during mid-day trading on Friday . The company traded as low as $271.86 and last traded at $274.11. 1,997,417 shares were traded during mid-day trading, a decline of 66% from the average session volume of 5,888,393 shares. The stock had previously closed at $282.27.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Citigroup reiterated a "buy" rating and set a $296.00 price target (up previously from $227.00) on shares of GE Aerospace in a research note on Monday, July 14th. Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Barclays increased their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. UBS Group boosted their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Finally, Royal Bank Of Canada boosted their target price on shares of GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, GE Aerospace presently has an average rating of "Moderate Buy" and an average target price of $232.92.

GE Aerospace Trading Down 0.9%

The business's 50-day moving average price is $265.75 and its two-hundred day moving average price is $230.59. 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 firm has a market cap of $296.55 billion, a price-to-earnings ratio of 39.00, a price-to-earnings-growth ratio of 2.97 and a beta of 1.48.

GE Aerospace (NYSE:GE - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period last year, the firm earned $1.20 earnings per share. The company's revenue was up 21.2% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Equities analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Monday, July 7th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, July 7th. GE Aerospace's dividend payout ratio (DPR) is presently 20.08%.

Institutional Trading of GE Aerospace

A number of large investors have recently modified their holdings of GE. Bare Financial Services Inc increased its stake in GE Aerospace by 81.1% during the 2nd quarter. Bare Financial Services Inc now owns 96 shares of the company's stock valued at $25,000 after buying an additional 43 shares during the period. Lavaca Capital LLC increased its stake in GE Aerospace by 1,666.7% during the 2nd quarter. Lavaca Capital LLC now owns 106 shares of the company's stock valued at $27,000 after buying an additional 100 shares during the period. IMG Wealth Management Inc. increased its stake in GE Aerospace by 113.5% during the 2nd quarter. IMG Wealth Management Inc. now owns 111 shares of the company's stock valued at $29,000 after buying an additional 59 shares during the period. IMA Advisory Services Inc. acquired a new position in GE Aerospace during the 1st quarter valued at about $28,000. Finally, Copia Wealth Management grew its stake in shares of GE Aerospace by 14,200.0% in 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. Institutional investors and hedge funds own 74.77% of the company's stock.

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.

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