GE Aerospace (NYSE:GE) Shares Up 1.8% - What's Next?

GE Aerospace (NYSE:GE - Get Free Report) rose 1.8% during mid-day trading on Friday . The company traded as high as $257.47 and last traded at $256.57. Approximately 1,672,975 shares changed hands during trading, a decline of 69% from the average daily volume of 5,349,595 shares. The stock had previously closed at $251.92.

Analysts Set New Price Targets

GE has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price objective on shares of GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Royal Bank of Canada set a $275.00 target price on shares of GE Aerospace and gave the stock an "outperform" rating in a research note on Tuesday. Citigroup reduced their target price on shares of GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a research note on Monday, May 19th. Finally, Redburn Atlantic began coverage on shares of GE Aerospace in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price for the company. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $221.15.

GE Aerospace Trading Up 1.5%

The firm's 50 day moving average is $209.94 and its 200 day moving average is $196.09. The company has a market cap of $272.69 billion, a PE ratio of 42.69, a PEG 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 issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.29 by $0.20. The company had revenue of $9.94 billion during the quarter, compared to analysts' expectations of $9.06 billion. GE Aerospace had a net margin of 14.31% and a return on equity of 22.19%. On average, equities analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

Insider Activity at GE Aerospace

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the business's stock in a transaction that occurred 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 transaction, the senior vice president now owns 8,805 shares of the company's stock, valued at $1,766,899.35. The trade was a 15.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert M. Giglietti sold 4,104 shares of the company's 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 completion of the sale, the vice president now directly owns 11,540 shares of the company's stock, valued at $2,270,264.20. This trade represents a 26.23% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On GE Aerospace

Institutional investors have recently made changes to their positions in the business. Brighton Jones LLC boosted its position in GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock valued at $2,003,000 after buying an additional 2,421 shares during the period. Revolve Wealth Partners LLC boosted its position in GE Aerospace by 7.1% during 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. Stratos Wealth Advisors LLC boosted its position in GE Aerospace by 6.0% during the 4th quarter. Stratos Wealth Advisors LLC now owns 4,929 shares of the company's stock valued at $822,000 after buying an additional 277 shares during the period. Hager Investment Management Services LLC purchased a new stake in GE Aerospace during the 4th quarter valued at $27,000. Finally, Y.D. More Investments Ltd boosted its position in GE Aerospace by 151.0% during the 4th quarter. Y.D. More Investments Ltd now owns 389 shares of the company's stock valued at $65,000 after buying an additional 234 shares during the period. Hedge funds and other institutional investors 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.