GE Aerospace (NYSE:GE) Trading Up 0.5% - Time to Buy?

GE Aerospace (NYSE:GE - Get Free Report) traded up 0.5% during mid-day trading on Wednesday . The stock traded as high as $236.90 and last traded at $236.47. 954,199 shares changed hands during trading, a decline of 83% from the average session volume of 5,726,650 shares. The stock had previously closed at $235.26.

Analyst Upgrades and Downgrades

GE has been the subject of a number of recent analyst reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $220.00 price target on shares of GE Aerospace in a research report on Wednesday, April 23rd. Wells Fargo & Company boosted their price objective on shares of GE Aerospace from $212.00 to $222.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. UBS Group upped their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Redburn Atlantic assumed coverage on shares of GE Aerospace in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 target price on the stock. Finally, Northcoast Research cut shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, GE Aerospace currently has an average rating of "Moderate Buy" and an average price target of $216.92.

GE Aerospace Stock Down 0.1%

The business's 50 day moving average is $199.84 and its 200-day moving average is $190.46. The stock has a market cap of $250.64 billion, a price-to-earnings ratio of 39.35, a PEG ratio of 2.59 and a beta of 1.31. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.

GE Aerospace (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.20. The company had revenue of $9.94 billion for the quarter, compared to analyst estimates 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 predict that GE Aerospace will post 5.4 EPS for the current fiscal year.

Insider Activity at GE Aerospace

In other news, VP Robert M. Giglietti sold 4,104 shares of the company's stock in a transaction that occurred 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 sale, the vice president now owns 11,540 shares in the company, valued at $2,270,264.20. This represents a 26.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Mohamed Ali sold 1,602 shares of the 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 completion of the transaction, the senior vice president now owns 8,805 shares of the company's stock, valued at $1,766,899.35. The trade was 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 corporate insiders.

Institutional Trading of GE Aerospace

Large investors have recently made changes to their positions in the stock. New Age Alpha Advisors LLC raised its holdings in shares of 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 purchasing an additional 84 shares during the period. Hager Investment Management Services LLC acquired a new position in shares of GE Aerospace in the 4th quarter worth approximately $27,000. Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of GE Aerospace in the 4th quarter worth approximately $28,000. Putney Financial Group LLC acquired a new position in shares of GE Aerospace in the 4th quarter worth approximately $28,000. Finally, IMA Advisory Services Inc. acquired a new position in GE Aerospace during the 1st quarter valued at approximately $28,000. Institutional investors and hedge funds 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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