GE Aerospace (NYSE:GE) Trading 2.3% Higher - What's Next?

GE Aerospace (NYSE:GE - Get Free Report) rose 2.3% during mid-day trading on Monday . The company traded as high as $245.15 and last traded at $244.92. Approximately 1,872,232 shares changed hands during trading, a decline of 65% from the average daily volume of 5,372,890 shares. The stock had previously closed at $239.37.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Citigroup dropped their price target on GE Aerospace from $235.00 to $227.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Wells Fargo & Company lifted their target price on GE Aerospace from $212.00 to $222.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Royal Bank Of Canada set a $275.00 price target on shares of GE Aerospace and gave the company an "outperform" rating in a research note on Tuesday, June 3rd. UBS Group raised their price target on shares of GE Aerospace from $207.00 to $216.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Finally, Northcoast Research downgraded shares of GE Aerospace from a "buy" rating to a "neutral" rating in a report on Monday, May 19th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $221.15.

GE Aerospace Stock Performance

The company has a market capitalization of $268.16 billion, a P/E ratio of 39.11, a P/E/G ratio of 3.01 and a beta of 1.38. The company has a current ratio of 1.08, a quick ratio of 0.77 and a debt-to-equity ratio of 0.90. The company's fifty day moving average is $225.79 and its 200 day moving average is $201.64.

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, beating analysts' consensus estimates of $1.29 by $0.20. The company had revenue of $9.94 billion during the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a net margin of 17.63% and a return on equity of 29.15%. As a group, equities analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

Insider Activity

In related news, SVP Mohamed Ali sold 1,602 shares of GE Aerospace stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $200.67, for a total value of $321,473.34. Following the sale, the senior vice president now owns 8,805 shares in the company, valued at $1,766,899.35. The trade was a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Robert M. Giglietti sold 4,104 shares of the company's stock in a transaction dated 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 approximately $2,270,264.20. This trade represents a 26.23% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On GE Aerospace

Hedge funds and other institutional investors have recently bought and sold shares of the stock. New Age Alpha Advisors LLC raised its position in GE Aerospace by 133.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock worth $25,000 after acquiring an additional 84 shares during the period. Sumitomo Mitsui Financial Group Inc. purchased a new stake in shares of GE Aerospace in the 4th quarter worth $28,000. Putney Financial Group LLC bought a new position in GE Aerospace in the 4th quarter worth $28,000. IMA Advisory Services Inc. purchased a new position in GE Aerospace during the first quarter valued at $28,000. Finally, CBIZ Investment Advisory Services LLC purchased a new position in GE Aerospace during the fourth quarter valued at $29,000. 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.