GE Aerospace (NYSE:GE) Stock Price Up 1% - What's Next?

GE Aerospace (NYSE:GE - Get Free Report) shares traded up 1% during trading on Wednesday . The stock traded as high as $251.53 and last traded at $249.54. 1,487,614 shares were traded during trading, a decline of 73% from the average session volume of 5,507,578 shares. The stock had previously closed at $247.05.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada set a $275.00 price objective on GE Aerospace and gave the company an "outperform" rating in a report on Tuesday, June 3rd. Wells Fargo & Company increased their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Citigroup reduced their target price on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, UBS Group raised their price target on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $223.75.

GE Aerospace Trading Up 0.9%

The firm has a market cap of $269.36 billion, a price-to-earnings ratio of 39.28, a PEG ratio of 3.02 and a beta of 1.37. The business has a fifty day moving average of $237.24 and a two-hundred day moving average of $207.36. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.77 and a current ratio of 1.08.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.20. The company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a return on equity of 29.15% and a net margin of 17.63%. As a group, equities analysts expect that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, July 7th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.57%. GE Aerospace's dividend payout ratio (DPR) is currently 22.40%.

Insider Transactions at GE Aerospace

In other news, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction that occurred 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 sale, the senior vice president directly owned 8,805 shares in the company, valued at $1,766,899.35. This represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert M. Giglietti sold 4,104 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The shares were 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 directly owned 11,540 shares in the company, valued at approximately $2,270,264.20. The trade was 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 Trading of GE Aerospace

Several institutional investors and hedge funds have recently made changes to their positions in the stock. New Age Alpha Advisors LLC grew its holdings in shares of GE Aerospace by 133.3% during the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock worth $25,000 after buying an additional 84 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new stake in GE Aerospace during the fourth quarter worth approximately $28,000. Putney Financial Group LLC purchased a new stake in GE Aerospace in the 4th quarter worth approximately $28,000. IMA Advisory Services Inc. acquired a new position in GE Aerospace in the 1st quarter valued at $28,000. Finally, CBIZ Investment Advisory Services LLC purchased a new position in shares of GE Aerospace during the 4th quarter worth $29,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

About GE Aerospace

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.