GE Aerospace (NYSE:GE) Shares Down 2% - Should You Sell?

Key Points

• GE Aerospace shares fell 2% to $335.76 in midday trading, below the 50-day moving average of $360.35 but above the 200-day average of $328.16.
• Analysts remain broadly bullish, with 16 Buy ratings, two Holds and one Sell. The stock has a “Moderate Buy” consensus and an average price target of $390.59, implying upside from its current price.
• Recent results exceeded expectations: quarterly EPS was $2.02 versus $1.86 expected, while revenue rose 21.1% year over year to $12.63 billion. GE also pays a $0.47 quarterly dividend, yielding about 0.6%.

GE Aerospace (NYSE:GE - Get Free Report)'s stock price was down 2% on Monday . The company traded as low as $333.72 and last traded at $335.76. 4,440,970 shares were traded during mid-day trading, a decline of 15% from the average session volume of 5,255,246 shares. The stock had previously closed at $342.58.

Analysts Set New Price Targets

GE has been the topic of a number of analyst reports. UBS Group raised their target price on shares of GE Aerospace from $426.00 to $435.00 and gave the stock a "buy" rating in a research report on Friday, July 17th. Sanford C. Bernstein set a $421.00 price target on GE Aerospace and gave the company an "outperform" rating in a report on Thursday, July 23rd. 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 research note on Wednesday, July 15th. Seaport Research Partners started coverage on GE Aerospace in a report on Tuesday, May 26th. They set a "buy" rating and a $375.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $450.00 price objective on shares of GE Aerospace in a research report on Monday, July 27th. Sixteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, GE Aerospace has a consensus rating of "Moderate Buy" and a consensus price target of $390.59.

GE Aerospace Stock Down 2.0%

The stock has a fifty day moving average of $360.35 and a two-hundred day moving average of $328.16. 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 stock has a market cap of $348.37 billion, a price-to-earnings ratio of 39.55, a PEG ratio of 2.50 and a beta of 1.36.

GE Aerospace (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, July 16th. The company reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.16. The company had revenue of $12.63 billion for the quarter, compared to the consensus estimate of $11.87 billion. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.The company's quarterly revenue was up 21.1% compared to the same quarter last year. During the same period last year, the business posted $1.66 EPS. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. As a group, analysts predict that GE Aerospace will post 7.91 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 6th were paid a dividend of $0.47 per share. The ex-dividend date was Monday, July 6th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.6%. GE Aerospace's dividend payout ratio (DPR) is currently 22.14%.

Insider Activity at GE Aerospace

In other news, SVP Mohamed Ali sold 8,096 shares of the company's stock in a transaction on 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 in the company, valued at approximately $7,309,770.86. This represents a 28.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.19% of the company's stock.

Hedge Funds Weigh In On GE Aerospace

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GE. California State Teachers Retirement System grew its stake in GE Aerospace by 36,799.0% during the 2nd quarter. California State Teachers Retirement System now owns 594,835,395 shares of the company's stock valued at $222,307,832,000 after purchasing an additional 593,223,330 shares in the last quarter. Auto Owners Insurance Co raised its position in shares of GE Aerospace by 52,247.5% in the 4th quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company's stock valued at $2,024,413,000 after purchasing an additional 65,595,733 shares in the last quarter. Norges Bank acquired a new position in shares of GE Aerospace in the 4th quarter valued at approximately $4,444,736,000. Amundi boosted its stake in shares of GE Aerospace by 135.2% during the 1st quarter. Amundi now owns 6,119,975 shares of the company's stock valued at $1,736,665,000 after buying an additional 3,518,278 shares during the last quarter. Finally, Jupiter Topco LLC purchased a new position in shares of GE Aerospace during the 2nd quarter valued at approximately $1,283,858,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

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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