GE Aerospace (NYSE:GE) Stock Price Up 0% - Time to Buy?

GE Aerospace (NYSE:GE - Get Free Report)'s stock price shot up 0% during mid-day trading on Tuesday . The stock traded as high as $236.08 and last traded at $235.39. 938,914 shares changed hands during trading, a decline of 82% from the average session volume of 5,330,720 shares. The stock had previously closed at $235.29.

Analyst Ratings Changes

GE has been the subject of several research reports. JPMorgan Chase & Co. increased their price target on shares of GE Aerospace from $190.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. UBS Group lifted their target price on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Bank of America raised their price target on shares of GE Aerospace from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. Northcoast Research lowered shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research report on Monday. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $220.00 price objective on shares of GE Aerospace in a report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $216.92.

GE Aerospace Trading Down 0.1%

The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $250.61 billion, a PE ratio of 39.16, a P/E/G ratio of 2.59 and a beta of 1.31. The company has a 50 day simple moving average of $198.98 and a 200 day simple moving average of $190.15.

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 for the quarter, beating analysts' consensus estimates of $1.29 by $0.20. The company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. Analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 value of $321,473.34. Following the completion of the sale, the senior vice president now owns 8,805 shares in the company, valued at $1,766,899.35. This trade represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Robert M. Giglietti sold 4,104 shares of the business's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $196.73, for a total transaction of $807,379.92. Following the completion of the sale, the vice president now directly owns 11,540 shares of the company's stock, valued at approximately $2,270,264.20. The trade was a 26.23% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company's stock.

Hedge Funds Weigh In On GE Aerospace

A number of hedge funds have recently modified their holdings of GE. Procyon Advisors LLC increased its holdings in GE Aerospace by 14.3% in the 4th quarter. Procyon Advisors LLC now owns 2,251 shares of the company's stock worth $375,000 after acquiring an additional 281 shares during the last quarter. Arkadios Wealth Advisors lifted its position in GE Aerospace by 6.4% in the 4th quarter. Arkadios Wealth Advisors now owns 6,411 shares of the company's stock worth $1,069,000 after buying an additional 388 shares during the last quarter. HB Wealth Management LLC lifted its holdings in shares of GE Aerospace by 6.4% in the 4th quarter. HB Wealth Management LLC now owns 21,652 shares of the company's stock worth $3,612,000 after acquiring an additional 1,298 shares during the last quarter. Ameritas Advisory Services LLC grew its stake in shares of GE Aerospace by 9.4% during the fourth quarter. Ameritas Advisory Services LLC now owns 11,745 shares of the company's stock valued at $1,959,000 after buying an additional 1,007 shares during the last quarter. Finally, Hall Laurie J Trustee increased its stake in shares of GE Aerospace by 8.1% in the fourth quarter. Hall Laurie J Trustee now owns 8,003 shares of the company's stock worth $1,335,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

GE Aerospace Company Profile

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.

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