GE Aerospace (NYSE:GE) Shares Up 0.7% - What's Next?

Shares of GE Aerospace (NYSE:GE - Get Free Report) were up 0.7% during mid-day trading on Monday . The company traded as high as $209.20 and last traded at $209.14. Approximately 662,016 shares were traded during trading, a decline of 88% from the average daily volume of 5,355,078 shares. The stock had previously closed at $207.70.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. UBS Group lifted their price target on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Redburn Atlantic started coverage on GE Aerospace in a report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price target for the company. Royal Bank of Canada reiterated an "outperform" rating and set a $220.00 price objective on shares of GE Aerospace in a report on Wednesday, April 23rd. Wells Fargo & Company lifted their target price on GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Finally, Northcoast Research upgraded shares of GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 price objective for the company in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $216.92.

GE Aerospace Price Performance

The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $223.97 billion, a PE ratio of 35.08, a P/E/G ratio of 2.59 and a beta of 1.31. The stock's 50-day moving average is $194.31 and its 200 day moving average is $187.04.

GE Aerospace (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.29 by $0.20. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. The firm had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.06 billion. As a group, equities analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, March 10th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Monday, March 10th. This is an increase from GE Aerospace's previous quarterly dividend of $0.28. GE Aerospace's dividend payout ratio (DPR) is 22.40%.

Insider Buying and Selling at GE Aerospace

In related news, SVP Mohamed Ali sold 1,602 shares of the business's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total transaction of $321,473.34. Following the transaction, the senior vice president now directly owns 8,805 shares in the company, 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 SEC, which is available at this link. Also, VP Robert M. Giglietti sold 4,104 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following the completion of the sale, the vice president now owns 11,540 shares of the company's stock, valued at $2,270,264.20. This represents a 26.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.21% of the company's stock.

Institutional Investors Weigh In On GE Aerospace

Large investors have recently modified their holdings of the stock. OneAscent Financial Services LLC lifted its holdings in GE Aerospace by 69.5% during the 1st quarter. OneAscent Financial Services LLC now owns 5,790 shares of the company's stock valued at $1,180,000 after purchasing an additional 2,374 shares during the last quarter. Morse Asset Management Inc grew its position in GE Aerospace by 13.8% during the 1st quarter. Morse Asset Management Inc now owns 24,049 shares of the company's stock worth $4,813,000 after acquiring an additional 2,908 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC increased its holdings in GE Aerospace by 221.4% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 601 shares of the company's stock valued at $120,000 after purchasing an additional 414 shares in the last quarter. Elyxium Wealth LLC raised its position in GE Aerospace by 233.2% in the 1st quarter. Elyxium Wealth LLC now owns 4,078 shares of the company's stock valued at $816,000 after purchasing an additional 2,854 shares during the last quarter. Finally, Copperwynd Financial LLC increased its stake in shares of GE Aerospace by 4.4% in the first quarter. Copperwynd Financial LLC now owns 17,293 shares of the company's stock valued at $3,461,000 after buying an additional 728 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

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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