GE Aerospace (NYSE:GE) Stock Price Down 1.3% - Should You Sell?

Key Points

• GE Aerospace shares fell 1.3% to about $360.70, with trading volume roughly half its average. The stock has a market capitalization of $374.25 billion and trades at a P/E ratio of 42.49.
• Analysts remain broadly positive, with 16 Buy ratings, two Holds and one Sell; the consensus rating is “Moderate Buy” and the average price target is $390.59.
• Recent results exceeded expectations: quarterly EPS was $2.02 versus an estimated $1.86, while revenue rose 21.1% year over year to $12.63 billion. GE also paid a quarterly dividend of $0.47 per share, yielding approximately 0.5% annually.

Shares of GE Aerospace (NYSE:GE - Get Free Report) were down 1.3% during trading on Thursday . The stock traded as low as $359.55 and last traded at $360.7040. Approximately 2,685,270 shares changed hands during trading, a decline of 50% from the average daily volume of 5,347,340 shares. The stock had previously closed at $365.33.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $450.00 target price on shares of GE Aerospace in a report on Monday, July 27th. Weiss Ratings raised GE Aerospace from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, July 17th. President Capital cut their target price on GE Aerospace from $355.00 to $342.00 and set a "buy" rating for the company in a research report on Wednesday, April 22nd. UBS Group lifted their target price on GE Aerospace from $426.00 to $435.00 and gave the company a "buy" rating in a research note on Friday, July 17th. Finally, Morgan Stanley lowered their price target on GE Aerospace from $425.00 to $400.00 and set an "overweight" rating on the stock in a report on Wednesday, April 22nd. Sixteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, GE Aerospace currently has an average rating of "Moderate Buy" and an average price target of $390.59.

GE Aerospace Trading Down 1.3%

The stock has a market cap of $374.25 billion, a PE ratio of 42.49, a price-to-earnings-growth ratio of 2.69 and a beta of 1.36. The stock has a 50-day moving average price of $356.56 and a two-hundred day moving average price of $323.94. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.67.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Thursday, July 16th. The company reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.16. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.The company had revenue of $12.63 billion for the quarter, compared to the consensus estimate of $11.87 billion. During the same period in the previous year, the business earned $1.66 earnings per share. The firm's revenue for the quarter was up 21.1% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. Sell-side analysts forecast that GE Aerospace will post 7.91 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 6th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, July 6th. GE Aerospace's dividend payout ratio is 22.14%.

Insider Activity at GE Aerospace

In related news, SVP Mohamed Ali sold 8,096 shares of the firm's stock in a transaction on Friday, July 24th. The shares were sold at an average price of $353.71, for a total value of $2,863,636.16. Following the completion of the transaction, the senior vice president directly owned 20,666 shares of the company's stock, valued at approximately $7,309,770.86. This trade represents a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.19% of the company's stock.

Hedge Funds Weigh In On GE Aerospace

Several institutional investors have recently bought and sold shares of GE. Blueline Advisors LLC bought a new position in shares of GE Aerospace in the 4th quarter valued at about $25,000. Ankerstar Wealth LLC purchased a new position in GE Aerospace in the fourth quarter worth about $31,000. Tucker Asset Management LLC bought a new stake in GE Aerospace during the fourth quarter worth approximately $32,000. Paladin Partners LLC purchased a new stake in GE Aerospace during the second quarter valued at approximately $38,000. Finally, Lifetime Wealth Management P.C. purchased a new stake in GE Aerospace during the fourth quarter valued at approximately $40,000. Institutional investors own 74.77% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source