GE Aerospace (NYSE:GE) Stock Price Down 3.6% - Should You Sell?

GE Aerospace (NYSE:GE - Get Free Report)'s stock price dropped 3.6% during trading on Tuesday . The company traded as low as $248.43 and last traded at $248.07. Approximately 1,518,568 shares changed hands during trading, a decline of 72% from the average daily volume of 5,478,357 shares. The stock had previously closed at $257.39.

Analyst Upgrades and Downgrades

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

GE Aerospace Stock Performance

The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.77 and a current ratio of 1.08. The stock has a market cap of $263.16 billion, a PE ratio of 38.38, a price-to-earnings-growth ratio of 2.95 and a beta of 1.37. The firm has a fifty day moving average price of $233.42 and a 200 day moving average price of $205.06.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings results 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 29.15% and a net margin of 17.63%. The company had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.06 billion. Research analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Monday, July 7th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.58%. GE Aerospace's dividend payout ratio is presently 22.40%.

Insiders Place Their Bets

In related news, SVP Mohamed Ali sold 1,602 shares of GE Aerospace stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total transaction of $321,473.34. Following the completion of the sale, the senior vice president owned 8,805 shares of the company's stock, valued at $1,766,899.35. The trade was a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total transaction of $807,379.92. Following the completion of the transaction, the vice president owned 11,540 shares in the company, valued at approximately $2,270,264.20. This trade represents a 26.23% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.21% of the company's stock.

Institutional Trading of GE Aerospace

Several institutional investors and hedge funds have recently bought and sold shares of the business. Brighton Jones LLC boosted its holdings in GE Aerospace by 25.3% in the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock valued at $2,003,000 after purchasing an additional 2,421 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of GE Aerospace by 7.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock valued at $375,000 after buying an additional 150 shares during the period. Fisher Asset Management LLC boosted its stake in shares of GE Aerospace by 24.3% in the fourth quarter. Fisher Asset Management LLC now owns 13,780 shares of the company's stock worth $2,299,000 after buying an additional 2,693 shares during the last quarter. Keybank National Association OH grew its holdings in GE Aerospace by 6.2% during the fourth quarter. Keybank National Association OH now owns 49,904 shares of the company's stock worth $8,323,000 after acquiring an additional 2,915 shares during the period. Finally, NewSquare Capital LLC raised its position in GE Aerospace by 42.3% during the fourth quarter. NewSquare Capital LLC now owns 552 shares of the company's stock valued at $92,000 after acquiring an additional 164 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

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.