GE Aerospace (NYSE:GE) Trading Up 1.2% - Time to Buy?

Key Points

• GE Aerospace shares rose 1.2% to $348.85, with trading volume below its average. The company carries a market capitalization of approximately $362 billion and trades at a P/E ratio of 41.09.
• Analysts maintain a generally positive outlook, with 16 Buy ratings, two Holds and one Sell, producing a “Moderate Buy” consensus and an average price target of $390.59.
• GE Aerospace exceeded quarterly expectations, reporting $2.02 in EPS on $12.63 billion in revenue, up 21.1% year over year. It also declared a $0.47 quarterly dividend, equivalent to a 0.5% yield.

GE Aerospace (NYSE:GE - Get Free Report) shares rose 1.2% during mid-day trading on Friday . The stock traded as high as $351.86 and last traded at $348.85. 3,544,053 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 5,316,953 shares. The stock had previously closed at $344.64.

Wall Street Analyst Weigh In

Several analysts have recently commented on GE shares. Weiss Ratings upgraded shares of GE Aerospace from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, July 17th. BNP Paribas Exane dropped their price target on shares of GE Aerospace from $300.00 to $270.00 and set an "underperform" rating on the stock in a research note on Thursday, May 14th. Royal Bank Of Canada reissued an "outperform" rating and set a $400.00 price target (up from $355.00) on shares of GE Aerospace in a report on Wednesday, July 15th. JPMorgan Chase & Co. raised their price objective on shares of GE Aerospace from $335.00 to $400.00 and gave the company an "overweight" rating in a research report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $450.00 price objective on shares of GE Aerospace in a report on Monday, July 27th. Sixteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $390.59.

GE Aerospace Trading Up 1.2%

The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. The business has a fifty day simple moving average of $360.82 and a 200 day simple moving average of $326.69. The company has a market cap of $361.95 billion, a price-to-earnings ratio of 41.09, a P/E/G ratio of 2.60 and a beta of 1.36.

GE Aerospace (NYSE:GE - Get Free Report) last issued its earnings results on Thursday, July 16th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.86 by $0.16. The company had revenue of $12.63 billion for the quarter, compared to analyst estimates of $11.87 billion. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The business's revenue was up 21.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.66 EPS. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, equities analysts anticipate that GE Aerospace will post 7.91 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Monday, July 6th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, July 6th. GE Aerospace's dividend payout ratio is presently 22.14%.

Insiders Place Their Bets

In other GE Aerospace news, SVP Mohamed Ali sold 8,096 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $353.71, for a total value of $2,863,636.16. Following the completion of the transaction, the senior vice president directly owned 20,666 shares of the company's stock, valued at approximately $7,309,770.86. This trade represents a 28.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.19% of the company's stock.

Institutional Investors Weigh In On GE Aerospace

Institutional investors have recently modified their holdings of the company. Allworth Financial LP boosted its holdings in GE Aerospace by 7.6% in the fourth quarter. Allworth Financial LP now owns 76,867 shares of the company's stock valued at $23,677,000 after purchasing an additional 5,434 shares during the last quarter. NewEdge Wealth LLC increased its holdings in GE Aerospace by 92.2% during the 4th quarter. NewEdge Wealth LLC now owns 20,142 shares of the company's stock worth $6,204,000 after purchasing an additional 9,663 shares during the last quarter. CenterBook Partners LP increased its holdings in GE Aerospace by 892.6% during the 4th quarter. CenterBook Partners LP now owns 49,788 shares of the company's stock worth $15,336,000 after purchasing an additional 44,772 shares during the last quarter. Clough Capital Partners L P raised its position in shares of GE Aerospace by 37.1% in the 1st quarter. Clough Capital Partners L P now owns 70,535 shares of the company's stock valued at $20,016,000 after purchasing an additional 19,105 shares in the last quarter. Finally, Ascentis Independent Advisors raised its position in shares of GE Aerospace by 207.3% in the 1st quarter. Ascentis Independent Advisors now owns 4,317 shares of the company's stock valued at $1,225,000 after purchasing an additional 2,912 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

GE Aerospace Company Profile

GE Aerospace NYSE: GE is the aerospace business of General Electric, focused on the design, manufacture and support of aircraft engines, integrated propulsion systems and related aftermarket services. The company serves commercial airlines, airframers, business and general aviation operators, and defense customers, providing propulsion solutions for a broad range of aircraft types from single‑aisle airliners to widebody and military platforms.

Its product portfolio includes a family of commercial and military jet engines as well as spare parts, components and systems engineering.

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