GE Aerospace (NYSE:GE) Shares Down 2.8% - Should You Sell?

Key Points

• GE Aerospace shares fell 2.8% to about $318, below both their 50-day moving average of $344.55 and 200-day moving average of $327.26.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $387.22; 16 analysts rate the stock a Buy, three a Hold and one a Sell.
• GE reported stronger-than-expected quarterly results, including $2.02 EPS versus $1.86 expected and $12.63 billion in revenue. The company also declared a $0.47 quarterly dividend, equal to a 0.6% annualized yield.

Shares of GE Aerospace (NYSE:GE - Get Free Report) were down 2.8% during trading on Monday. The stock traded as low as $315.24 and last traded at $318.0190. Approximately 4,158,709 shares were traded during mid-day trading, a decline of 19% from the average session volume of 5,149,184 shares. The stock had previously closed at $327.09.

Wall Street Analysts Forecast Growth

GE has been the topic of several analyst reports. Jefferies Financial Group set a $435.00 price target on shares of GE Aerospace and gave the stock a "buy" rating in a report on Wednesday, September 23rd. TD Cowen reiterated a "buy" rating and issued a $380.00 price objective (up from $330.00) on shares of GE Aerospace in a research note on Monday, July 13th. Weiss Ratings raised shares of GE Aerospace from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, July 17th. Susquehanna restated a "positive" rating and issued a $430.00 target price (up from $380.00) on shares of GE Aerospace in a research note on Thursday, July 9th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $400.00 target price (up from $355.00) on shares of GE Aerospace in a report on Wednesday, July 15th. Sixteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $387.22.

GE Aerospace Stock Down 2.8%

The company has a market capitalization of $329.96 billion, a PE ratio of 37.46, a P/E/G ratio of 2.39 and a beta of 1.35. The stock's fifty day moving average is $344.55 and its two-hundred day moving average is $327.26. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.96.

GE Aerospace (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.86 by $0.16. The business had revenue of $12.63 billion during the quarter, compared to the consensus estimate of $11.87 billion. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The firm's quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.66 earnings per share. 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 year.

GE Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Monday, October 5th will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, October 5th. This represents a $1.88 annualized dividend and a dividend yield of 0.6%. GE Aerospace's dividend payout ratio (DPR) is presently 22.14%.

Insider Activity at GE Aerospace

In related news, SVP Mohamed Ali sold 8,096 shares of GE Aerospace stock in a transaction that occurred 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 sale, the senior vice president owned 20,666 shares of the company's stock, valued at approximately $7,309,770.86. The trade was a 28.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.19% of the company's stock.

Hedge Funds Weigh In On GE Aerospace

Institutional investors and hedge funds have recently bought and sold shares of the company. Paladin Partners LLC bought a new position in shares of GE Aerospace during the 2nd quarter worth $38,000. Lifetime Wealth Management P.C. purchased a new stake in GE Aerospace in the 4th quarter worth about $40,000. Parvin Asset Management LLC bought a new stake in GE Aerospace in the 2nd quarter valued at about $41,000. Bayban bought a new stake in GE Aerospace in the 4th quarter valued at about $44,000. Finally, Markowski Investments purchased a new stake in GE Aerospace during the second quarter valued at about $46,000. 74.77% of the stock is owned by institutional investors.

GE Aerospace Company Profile

GE Aerospace is an aerospace and defense company that designs, develops, manufactures and services aircraft engines and integrated systems. Its products support commercial and business aviation, military aircraft, and other specialized aerospace applications.

The company's offerings include commercial and military jet engines, propulsion systems, avionics, electrical power systems, mechanical systems and digital solutions. GE Aerospace also provides maintenance, repair, overhaul and other lifecycle services intended to support the operation and performance of aircraft and engines.

GE Aerospace serves airlines, aircraft manufacturers, leasing companies, defense organizations and other customers worldwide.

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