GE Aerospace (NYSE:GE) Trading 0.5% Higher on Analyst Upgrade

GE Aerospace (NYSE:GE - Get Free Report) shares traded up 0.5% during mid-day trading on Friday after Wells Fargo & Company raised their price target on the stock from $212.00 to $222.00. Wells Fargo & Company currently has an overweight rating on the stock. GE Aerospace traded as high as $199.99 and last traded at $198.42. 998,623 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 5,388,893 shares. The stock had previously closed at $197.41.

Other equities analysts have also recently issued reports about the company. Redburn Atlantic started coverage on GE Aerospace in a research note on Tuesday, February 18th. They set a "buy" rating and a $250.00 price objective on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $220.00 price objective on shares of GE Aerospace in a research report on Wednesday, April 23rd. Northcoast Research raised shares of GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 target price on the stock in a report on Wednesday, April 9th. UBS Group upped their target price on GE Aerospace from $207.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. raised their price target on GE Aerospace from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $216.92.

Insider Transactions 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 shares were sold at an average price of $196.73, for a total transaction of $807,379.92. Following the sale, the vice president now directly owns 11,540 shares of the company's stock, valued at $2,270,264.20. The trade was a 26.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.21% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GE. Copia Wealth Management boosted its holdings in shares of GE Aerospace by 14,200.0% during the first quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after purchasing an additional 142 shares during the period. New Age Alpha Advisors LLC lifted its position in GE Aerospace by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock worth $25,000 after buying an additional 84 shares in the last quarter. O Brien Wealth Partners LLC acquired a new stake in shares of GE Aerospace during the 1st quarter valued at $33,000. Hager Investment Management Services LLC purchased a new position in shares of GE Aerospace during the 4th quarter valued at $27,000. Finally, Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of GE Aerospace in the fourth quarter worth $28,000. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Trading Down 0.1 %

The company has a fifty day moving average of $194.18 and a 200-day moving average of $186.72. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The firm has a market capitalization of $213.87 billion, a PE ratio of 33.48, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.20. The firm had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $9.06 billion. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. On average, sell-side analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, March 10th were issued a $0.36 dividend. The ex-dividend date was Monday, March 10th. This is a boost from GE Aerospace's previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.72%. GE Aerospace's dividend payout ratio is currently 22.40%.

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.