Shares of GE Aerospace (NYSE:GE - Get Free Report) traded up 1.9% during mid-day trading on Thursday . The stock traded as high as $254.88 and last traded at $254.77. 1,168,149 shares changed hands during trading, a decline of 78% from the average session volume of 5,373,318 shares. The stock had previously closed at $249.90.
Analyst Ratings Changes
Several equities research analysts have issued reports on the company. Northcoast Research downgraded GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. UBS Group lifted their price objective on GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Royal Bank Of Canada set a $275.00 price objective on GE Aerospace and gave the stock an "outperform" rating in a report on Tuesday, June 3rd. Citigroup dropped their price objective on GE Aerospace from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Wells Fargo & Company lifted their price objective on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $223.75.
View Our Latest Report on GE Aerospace
GE Aerospace Trading Up 1.4%
The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 0.90. The firm's 50 day moving average is $228.63 and its two-hundred day moving average is $203.00. The stock has a market cap of $271.39 billion, a price-to-earnings ratio of 39.58, a price-to-earnings-growth ratio of 3.07 and a beta of 1.38.
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, topping analysts' consensus estimates of $1.29 by $0.20. The business had revenue of $9.94 billion for the quarter, compared to analysts' expectations of $9.06 billion. GE Aerospace had a return on equity of 29.15% and a net margin of 17.63%. Equities analysts anticipate that GE Aerospace will post 5.4 EPS for the current year.
GE Aerospace Dividend Announcement
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 paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.57%. GE Aerospace's payout ratio is 22.40%.
Insider Buying and Selling at GE Aerospace
In other GE Aerospace news, VP Robert M. Giglietti sold 4,104 shares of the business's stock in a transaction 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 now owns 11,540 shares in the company, valued at approximately $2,270,264.20. The trade was a 26.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Mohamed Ali sold 1,602 shares of the business's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total value of $321,473.34. Following the transaction, the senior vice president now owns 8,805 shares of the company's stock, valued at $1,766,899.35. This trade represents a 15.39% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by company insiders.
Institutional Trading of GE Aerospace
A number of hedge funds and other institutional investors have recently modified their holdings of GE. Norges Bank bought a new stake in shares of GE Aerospace in the 4th quarter worth $2,375,439,000. GQG Partners LLC bought a new stake in shares of GE Aerospace in the 1st quarter worth $1,606,840,000. GAMMA Investing LLC raised its stake in shares of GE Aerospace by 23,611.7% in the 1st quarter. GAMMA Investing LLC now owns 5,065,997 shares of the company's stock worth $1,013,959,000 after buying an additional 5,044,632 shares in the last quarter. Nuveen LLC bought a new stake in shares of GE Aerospace in the 1st quarter worth $777,075,000. Finally, Amundi raised its stake in shares of GE Aerospace by 124.0% in the 1st quarter. Amundi now owns 3,200,479 shares of the company's stock worth $600,506,000 after buying an additional 1,771,944 shares in the last quarter. Institutional investors own 74.77% of the company's stock.
About GE Aerospace
(
Get Free Report)
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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