GE Aerospace (NYSE:GE) Trading Down 1.7% - Time to Sell?

Key Points

• GE Aerospace's shares fell by 1.7% during mid-day trading, closing at $300.56 after trading significantly lower at $298.79.
• Analysts have set new price targets for GE Aerospace, with Barclays raising theirs to $295.00 and Jefferies Financial Group increasing it to $350.00, while Wall Street Zen downgraded the stock from a "buy" to a "hold."
• The company recently announced a quarterly dividend of $0.36 per share, which will be paid to shareholders on October 27th, reflecting a yield of 0.5%.

Shares of GE Aerospace (NYSE:GE - Get Free Report) traded down 1.7% during mid-day trading on Wednesday . The company traded as low as $298.79 and last traded at $300.56. 5,566,257 shares changed hands during mid-day trading, a decline of 4% from the average session volume of 5,809,937 shares. The stock had previously closed at $305.63.

Analysts Set New Price Targets

A number of equities analysts have issued reports on GE shares. Barclays increased their price target on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada increased their target price on GE Aerospace from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Jefferies Financial Group increased their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a "buy" rating in a research report on Monday. 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 research report on Friday, July 18th. Finally, Wall Street Zen lowered GE Aerospace from a "buy" rating to a "hold" rating in a report on Sunday. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $241.92.

GE Aerospace Stock Down 1.7%

The business's 50 day moving average price is $275.21 and its 200-day moving average price is $238.60. 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 company has a market cap of $318.73 billion, a P/E ratio of 41.92, a PEG ratio of 3.24 and a beta of 1.48.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $9.49 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. GE Aerospace's quarterly 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. On average, analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

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

Institutional Trading of GE Aerospace

A number of institutional investors have recently bought and sold shares of the business. Terril Brothers Inc. grew its holdings in shares of GE Aerospace by 2.7% in the 2nd quarter. Terril Brothers Inc. now owns 1,406 shares of the company's stock valued at $362,000 after buying an additional 37 shares during the period. New England Capital Financial Advisors LLC grew its holdings in shares of GE Aerospace by 5.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 772 shares of the company's stock valued at $199,000 after buying an additional 37 shares during the period. Old North State Wealth Management LLC grew its holdings in shares of GE Aerospace by 1.9% in the 2nd quarter. Old North State Wealth Management LLC now owns 2,101 shares of the company's stock valued at $542,000 after buying an additional 39 shares during the period. Stephens Consulting LLC grew its holdings in shares of GE Aerospace by 18.0% in the 2nd quarter. Stephens Consulting LLC now owns 256 shares of the company's stock valued at $66,000 after buying an additional 39 shares during the period. Finally, Francis Financial Inc. grew its holdings in shares of GE Aerospace by 3.3% in the 2nd quarter. Francis Financial Inc. now owns 1,215 shares of the company's stock valued at $313,000 after buying an additional 39 shares during the period. Institutional investors and hedge funds own 74.77% of the company's stock.

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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