GE Aerospace (NYSE:GE) Trading 1.8% Higher - Here's Why

Key Points

• GE Aerospace shares rose by 1.8%, trading at $271.28, although the trading volume was significantly lower than average, declining by 88%.
• Research analysts generally have a positive outlook on GE Aerospace, with a consensus rating of Moderate Buy and several firms increasing their target prices, with UBS Group raising it to $321.00.
• The company recently reported strong earnings, with revenue of $10.15 billion, a 21.2% increase year-over-year, and a quarterly dividend of $0.36 per share, contributing to an annual yield of 0.5%.

Shares of GE Aerospace (NYSE:GE - Get Free Report) traded up 1.8% during trading on Thursday . The company traded as high as $271.92 and last traded at $271.28. 731,329 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 5,991,936 shares. The stock had previously closed at $266.44.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Sanford C. Bernstein reissued an "outperform" rating on shares of GE Aerospace in a report on Friday, August 15th. Royal Bank Of Canada increased their target price on shares of GE Aerospace from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Barclays increased their target price on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Northcoast Research cut shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Finally, UBS Group increased their target price on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $232.92.

GE Aerospace Price Performance

The company has a 50 day moving average price of $258.69 and a 200-day moving average price of $225.50. The company has a quick ratio of 0.73, a current ratio of 1.04 and a debt-to-equity ratio of 0.88. The company has a market cap of $286.97 billion, a price-to-earnings ratio of 37.72, a P/E/G ratio of 2.86 and a beta of 1.44.

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

GE Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders 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%.

Institutional Trading of GE Aerospace

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GE. Norges Bank acquired a new stake in GE Aerospace during the 2nd quarter valued at approximately $3,408,828,000. GQG Partners LLC acquired a new stake in GE Aerospace during the 1st quarter valued at approximately $1,606,840,000. GAMMA Investing LLC increased its position in GE Aerospace by 23,611.7% during the 1st quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company's stock valued at $1,013,959,000 after purchasing an additional 5,044,632 shares during the period. Nuveen LLC acquired a new stake in GE Aerospace during the 1st quarter valued at approximately $777,075,000. Finally, Amundi increased its position in GE Aerospace by 124.0% during the 1st quarter. Amundi now owns 3,200,479 shares of the company's stock valued at $600,506,000 after purchasing an additional 1,771,944 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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