GE Aerospace (NYSE:GE) Trading Down 2.4% - Should You Sell?

Key Points

• GE Aerospace's stock experienced a **2.4% drop** during trading, reaching a low of **$269.09** and a volume significantly below its average.
• Analyst ratings remain positive, with **eleven analysts** assigning a "buy" rating, resulting in an updated price target range between **$295.00** and **$321.00**.
• The company reported **$1.66 earnings per share**, surpassing expectations, and noted a **21.2% increase** in quarterly revenue compared to the previous year.

GE Aerospace (NYSE:GE - Get Free Report)'s stock price dropped 2.4% during trading on Tuesday . The stock traded as low as $269.09 and last traded at $269.71. Approximately 918,237 shares changed hands during trading, a decline of 85% from the average daily volume of 6,144,922 shares. The stock had previously closed at $276.23.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GE shares. Barclays upped their price target on shares of GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Citigroup reaffirmed a "buy" rating and set a $296.00 target price (up previously from $227.00) on shares of GE Aerospace in a report on Monday, July 14th. Wall Street Zen raised shares of GE Aerospace from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. 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 price target on shares of GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a report on Friday, July 18th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, GE Aerospace presently has an average rating of "Moderate Buy" and an average target price of $232.92.

GE Aerospace Trading Down 1.7%

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 stock has a market capitalization of $287.84 billion, a PE ratio of 37.91, a PEG ratio of 2.90 and a beta of 1.44. The stock's 50 day simple moving average is $252.99 and its two-hundred day simple moving average is $219.56.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings results 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 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 quarter in the previous year, the firm posted $1.20 earnings per share. The company's quarterly revenue was up 21.2% compared to the same quarter last year. On average, sell-side analysts expect that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were paid 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 currently 20.08%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GE. Brighton Jones LLC lifted its holdings in GE Aerospace by 25.3% during the fourth quarter. Brighton Jones LLC now owns 12,008 shares of the company's stock valued at $2,003,000 after purchasing an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of GE Aerospace by 7.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company's stock worth $375,000 after purchasing an additional 150 shares during the period. Landscape Capital Management L.L.C. bought a new position in shares of GE Aerospace in the fourth quarter worth about $668,000. Envestnet Asset Management Inc. grew its holdings in shares of GE Aerospace by 9.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,276,696 shares of the company's stock worth $212,940,000 after purchasing an additional 112,849 shares during the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE grew its holdings in shares of GE Aerospace by 17.6% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the company's stock worth $56,000 after purchasing an additional 50 shares during the last quarter. 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.

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