GE Aerospace (NYSE:GE) Stock Price Down 1.7% - Should You Sell?

GE Aerospace (NYSE:GE - Get Free Report)'s share price traded down 1.7% during mid-day trading on Thursday . The company traded as low as $238.68 and last traded at $241.27. 3,499,537 shares traded hands during trading, a decline of 35% from the average session volume of 5,410,522 shares. The stock had previously closed at $245.52.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. UBS Group upped their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Citigroup cut their price objective on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Royal Bank of Canada set a $275.00 price objective on shares of GE Aerospace and gave the stock an "outperform" rating in a research note on Tuesday, June 3rd. Redburn Atlantic assumed coverage on shares of GE Aerospace in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective on the stock. Finally, Wells Fargo & Company increased their price objective 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. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, GE Aerospace has an average rating of "Moderate Buy" and an average price target of $221.15.

GE Aerospace Price Performance

The stock's fifty day moving average is $216.42 and its 200-day moving average is $198.48. The stock has a market capitalization of $251.74 billion, a PE ratio of 39.41, a P/E/G ratio of 2.59 and a beta of 1.38. 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 announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $9.06 billion. As a group, equities analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the stock in a transaction on Tuesday, April 29th. The shares were 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 of the company's stock, valued at $1,766,899.35. This trade represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $196.73, for a total transaction of $807,379.92. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by insiders.

Hedge Funds Weigh In On GE Aerospace

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