GE Aerospace (NYSE:GE) Trading 2.6% Higher - Time to Buy?

Key Points

• GE Aerospace's stock price increased by 2.6%, reaching a high of $301.47 before closing at $301.18, despite a 29% decline in trading volume.
• Analysts show mixed opinions, with UBS Group raising their target price to $321.00 while Wall Street Zen downgraded their rating to "hold"; the consensus rating is a "Moderate Buy" with an average target price of $241.92.
• The company reported strong quarterly earnings with a 21.2% year-over-year revenue increase, beating analyst expectations with earnings per share of $1.66 against a consensus estimate of $1.43.

GE Aerospace (NYSE:GE - Get Free Report)'s stock price traded up 2.6% during mid-day trading on Tuesday . The stock traded as high as $301.47 and last traded at $301.18. 4,093,425 shares traded hands during trading, a decline of 29% from the average session volume of 5,772,958 shares. The stock had previously closed at $293.63.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. UBS Group boosted their target price on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Wall Street Zen lowered GE Aerospace from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. Citigroup restated a "buy" rating and set a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Sanford C. Bernstein restated an "outperform" rating on shares of GE Aerospace in a research report on Friday, August 15th. Finally, Royal Bank Of Canada boosted their target price on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $241.92.

GE Aerospace Stock Up 2.6%

The stock has a market capitalization of $319.38 billion, a PE ratio of 42.01, a price-to-earnings-growth ratio of 3.17 and a beta of 1.48. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The business's fifty day moving average price is $277.88 and its two-hundred day moving average price is $241.79.

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

GE Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Monday, September 29th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 29th. GE Aerospace's dividend payout ratio is presently 20.08%.

Institutional Investors Weigh In On GE Aerospace

Several hedge funds have recently added to or reduced their stakes in GE. Bare Financial Services Inc boosted its holdings in 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 purchasing an additional 43 shares during the last quarter. Lavaca Capital LLC boosted its stake in shares of GE Aerospace by 1,666.7% during the 2nd quarter. Lavaca Capital LLC now owns 106 shares of the company's stock worth $27,000 after acquiring an additional 100 shares in the last quarter. IMA Advisory Services Inc. purchased a new stake in shares of GE Aerospace during the 1st quarter worth about $28,000. Copia Wealth Management boosted its stake in shares of GE Aerospace by 14,200.0% during the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after acquiring an additional 142 shares in the last quarter. Finally, Nova Wealth Management Inc. purchased a new stake in shares of GE Aerospace during the 1st quarter worth about $29,000. 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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