GE Aerospace (NYSE:GE) Shares Down 1.1% - Should You Sell?

Shares of GE Aerospace (NYSE:GE - Get Free Report) fell 1.1% on Monday . The company traded as low as $251.14 and last traded at $252.79. 1,225,240 shares traded hands during trading, a decline of 77% from the average session volume of 5,363,893 shares. The stock had previously closed at $255.63.

Wall Street Analysts Forecast Growth

GE has been the subject of a number of recent analyst reports. Royal Bank of Canada set a $275.00 target price on shares of GE Aerospace and gave the company an "outperform" rating in a research note on Tuesday, June 3rd. UBS Group increased their price objective on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Wells Fargo & Company raised their price target on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday, May 19th. Finally, Citigroup reduced their price target on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $221.15.

GE Aerospace Trading Down 2.4%

The firm has a market cap of $255.45 billion, a PE ratio of 39.99, a PEG ratio of 2.59 and a beta of 1.38. The business has a 50-day moving average price of $213.64 and a two-hundred day moving average price of $197.47. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.20. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. The business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. Analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

Insiders Place Their Bets

In other news, VP Robert M. Giglietti sold 4,104 shares of the business'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 directly owns 11,540 shares in the company, valued at approximately $2,270,264.20. The trade was a 26.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mohamed Ali sold 1,602 shares of GE Aerospace stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total transaction of $321,473.34. Following the sale, the senior vice president now owns 8,805 shares in the company, valued at approximately $1,766,899.35. This represents a 15.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On GE Aerospace

Several hedge funds and other institutional investors have recently bought and sold shares of GE. New Age Alpha Advisors LLC raised its holdings in GE Aerospace by 133.3% during the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock worth $25,000 after buying an additional 84 shares during the period. Sumitomo Mitsui Financial Group Inc. acquired a new stake in GE Aerospace during the 4th quarter worth about $28,000. Putney Financial Group LLC acquired a new stake in GE Aerospace during the 4th quarter worth about $28,000. IMA Advisory Services Inc. acquired a new stake in GE Aerospace during the 1st quarter worth about $28,000. Finally, CBIZ Investment Advisory Services LLC acquired a new stake in GE Aerospace during the 4th quarter worth about $29,000. 74.77% of the stock is currently owned by 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.