GE Aerospace (NYSE:GE) Trading Up 1.5% - Time to Buy?

Key Points

• GE Aerospace's stock price increased by 1.5% during mid-day trading, reaching as high as $281.99 before closing at $280.12.
• Analysts have varied opinions on the company, with Barclays raising its target price to $295.00 and UBS Group to $321.00, while Wall Street Zen downgraded it to a "hold" rating.
• For the most recent quarter, GE Aerospace reported $1.66 EPS, exceeding estimates, and set its FY 2025 guidance at 5.600-5.800 EPS.

GE Aerospace (NYSE:GE - Get Free Report)'s stock price was up 1.5% during mid-day trading on Thursday . The stock traded as high as $281.99 and last traded at $280.12. Approximately 1,120,489 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 5,891,009 shares. The stock had previously closed at $275.93.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GE shares. Barclays upped their target price on GE Aerospace from $230.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Wells Fargo & Company upped their price target on GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. UBS Group upped their price target on GE Aerospace from $300.00 to $321.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of GE Aerospace in a research note on Friday, August 15th. Finally, Wall Street Zen lowered GE Aerospace from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $232.92.

GE Aerospace Trading Up 2.2%

The business has a fifty day moving average price of $265.14 and a 200 day moving average price of $230.08. The firm has a market cap of $298.97 billion, a PE ratio of 39.32, a P/E/G ratio of 2.96 and a beta of 1.48. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.23. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The firm had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter last year, the business posted $1.20 EPS. The firm'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. Analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.44 annualized dividend and a yield of 0.5%. GE Aerospace's dividend payout ratio (DPR) is presently 20.08%.

Institutional Investors Weigh In On GE Aerospace

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in GE Aerospace by 1.6% in the second quarter. Vanguard Group Inc. now owns 91,989,511 shares of the company's stock valued at $23,677,180,000 after purchasing an additional 1,482,069 shares during the last quarter. State Street Corp boosted its stake in GE Aerospace by 1.4% during the 2nd quarter. State Street Corp now owns 44,268,912 shares of the company's stock valued at $11,394,375,000 after purchasing an additional 613,866 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in GE Aerospace by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,131,285 shares of the company's stock valued at $5,030,028,000 after purchasing an additional 1,492,486 shares in the last quarter. Geode Capital Management LLC boosted its stake in GE Aerospace by 3.1% during the 2nd quarter. Geode Capital Management LLC now owns 24,113,967 shares of the company's stock valued at $6,181,956,000 after purchasing an additional 724,559 shares in the last quarter. Finally, Norges Bank bought a new position in GE Aerospace during the 2nd quarter valued at $3,408,828,000. Hedge funds and other institutional investors 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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