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

Key Points

• GE Aerospace shares jumped 1.9% to about $307.44 on Friday on elevated volume (8.74M shares, +62% vs. average), after closing the prior session at $301.69.
• Several analysts raised price targets (Goldman, RBC, BofA, Citi, UBS among them), leaving a MarketBeat consensus rating of Moderate Buy with a consensus price target of $309.94.
• The company reported a strong quarter—EPS $1.66 vs. $1.46 expected and revenue $11.31B vs. $10.29B (revenue +26.4% YoY)—and set FY2025 guidance of 6.00–6.20 EPS.

GE Aerospace (NYSE:GE - Get Free Report)'s share price shot up 1.9% during trading on Friday . The stock traded as high as $308.43 and last traded at $307.4390. 8,744,774 shares were traded during mid-day trading, an increase of 62% from the average session volume of 5,401,170 shares. The stock had previously closed at $301.69.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on GE shares. The Goldman Sachs Group upped their price target on GE Aerospace from $271.00 to $305.00 and gave the stock a "buy" rating in a report on Friday, October 10th. Royal Bank Of Canada upped their target price on shares of GE Aerospace from $300.00 to $340.00 and gave the stock an "outperform" rating in a research note on Friday, October 17th. Bank of America raised their price target on shares of GE Aerospace from $310.00 to $365.00 and gave the company a "buy" rating in a research report on Monday, October 27th. Citigroup started coverage on shares of GE Aerospace in a research report on Thursday, December 11th. They issued a "buy" rating and a $386.00 price objective for the company. Finally, UBS Group set a $366.00 price objective on shares of GE Aerospace and gave the company a "buy" rating in a research note on Wednesday, October 22nd. Sixteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $309.94.

GE Aerospace Price Performance

The business's fifty day moving average is $299.40 and its 200 day moving average is $279.50. The company has a market cap of $324.29 billion, a P/E ratio of 41.05, a PEG ratio of 2.26 and a beta of 1.40. The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99.

GE Aerospace (NYSE:GE - Get Free Report) last issued its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.20. The firm had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.29 billion. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The business's revenue was up 26.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.15 earnings per share. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, sell-side analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Monday, December 29th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, December 29th. GE Aerospace's dividend payout ratio (DPR) is currently 19.23%.

Insider Buying and Selling at GE Aerospace

In other news, SVP Russell Stokes sold 8,000 shares of the business's stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total value of $2,381,680.00. Following the sale, the senior vice president owned 150,434 shares of the company's stock, valued at $44,785,706.14. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.21% of the stock is owned by insiders.

Institutional Trading of GE Aerospace

Several institutional investors and hedge funds have recently bought and sold shares of GE. Jacobsen Capital Management increased its position in shares of GE Aerospace by 1.4% during the 3rd quarter. Jacobsen Capital Management now owns 2,295 shares of the company's stock valued at $690,000 after purchasing an additional 32 shares during the last quarter. Harfst & Associates Inc. boosted its stake in GE Aerospace by 0.4% in the third quarter. Harfst & Associates Inc. now owns 7,444 shares of the company's stock worth $2,239,000 after buying an additional 33 shares in the last quarter. Ledyard National Bank grew its position in GE Aerospace by 1.2% during the third quarter. Ledyard National Bank now owns 2,754 shares of the company's stock valued at $828,000 after acquiring an additional 33 shares during the last quarter. Hardy Reed LLC raised its stake in shares of GE Aerospace by 0.7% during the third quarter. Hardy Reed LLC now owns 4,999 shares of the company's stock worth $1,504,000 after acquiring an additional 33 shares in the last quarter. Finally, RMG Wealth Management LLC raised its stake in shares of GE Aerospace by 8.3% during the third quarter. RMG Wealth Management LLC now owns 442 shares of the company's stock worth $132,000 after acquiring an additional 34 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Company Profile

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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