GE Aerospace (NYSE:GE) Stock Price Up 1.7% - Should You Buy?

Key Points

• GE Aerospace's stock price rose by 1.7% on Tuesday, with a recent trading price of $271.04, despite a significant drop in trading volume.
• Analysts have upgraded their price targets for GE Aerospace, with UBS Group raising it to $321.00 and Citigroup to $296.00, contributing to a consensus rating of "Moderate Buy" among 10 analysts.
• The company reported a quarterly earnings per share of $1.66, surpassing estimates and reflecting a 21.2% increase in revenue year-over-year.

Shares of GE Aerospace (NYSE:GE - Get Free Report) shot up 1.7% on Tuesday . The stock traded as high as $271.87 and last traded at $271.04. 856,877 shares were traded during trading, a decline of 86% from the average session volume of 5,959,318 shares. The stock had previously closed at $266.61.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. UBS Group lifted their price target on GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Wells Fargo & Company upped their target price on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Citigroup reaffirmed a "buy" rating and set a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Barclays raised their price objective on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, GE Aerospace has a consensus rating of "Moderate Buy" and a consensus target price of $232.92.

GE Aerospace Stock Performance

The stock has a market capitalization of $288.34 billion, a PE ratio of 37.93, a P/E/G ratio of 2.87 and a beta of 1.44. The firm has a fifty day moving average price of $260.49 and a two-hundred day moving average price of $227.11. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.23. The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.49 billion. GE Aerospace had a net margin of 18.64% and a return on equity of 31.32%. The business's quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.20 earnings per share. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Research analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Monday, July 7th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace's dividend payout ratio is presently 20.08%.

Hedge Funds Weigh In On GE Aerospace

A number of institutional investors have recently bought and sold shares of GE. Bare Financial Services Inc boosted its holdings in shares of GE Aerospace by 81.1% in the second quarter. Bare Financial Services Inc now owns 96 shares of the company's stock valued at $25,000 after acquiring an additional 43 shares during the period. Lavaca Capital LLC raised its holdings in shares of GE Aerospace by 1,666.7% in the second quarter. Lavaca Capital LLC now owns 106 shares of the company's stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Putney Financial Group LLC purchased a new stake in shares of GE Aerospace in the fourth quarter valued at $28,000. IMA Advisory Services Inc. purchased a new stake in shares of GE Aerospace in the first quarter valued at $28,000. Finally, Copia Wealth Management grew its position in GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company's stock valued at $29,000 after acquiring an additional 142 shares during the period. 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.

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