GE Aerospace (NYSE:GE) Stock Price Up 1.4% - Here's Why

Key Points

• GE Aerospace shares rose 1.4% to $354.39, although trading volume was 43% below the stock’s average daily volume.
• Analyst sentiment remains favorable: 16 analysts rate the stock a Buy, with an overall “Moderate Buy” rating and an average price target of $390.59. Recent targets range from $270 to $455.
• The company exceeded quarterly expectations, reporting $2.02 in EPS and $12.63 billion in revenue, while revenue grew 21.1% year over year. GE also declared a quarterly dividend of $0.47 per share, equivalent to a 0.5% annual yield.

GE Aerospace (NYSE:GE - Get Free Report) rose 1.4% on Wednesday . The stock traded as high as $356.39 and last traded at $354.39. 3,033,765 shares were traded during trading, a decline of 43% from the average daily volume of 5,278,005 shares. The stock had previously closed at $349.54.

Analyst Ratings Changes

GE has been the subject of several recent research reports. The Goldman Sachs Group reissued a "buy" rating and set a $410.00 price target on shares of GE Aerospace in a report on Monday, July 20th. BNP Paribas Exane lowered their price objective on GE Aerospace from $300.00 to $270.00 and set an "underperform" rating on the stock in a research report on Thursday, May 14th. Weiss Ratings upgraded GE Aerospace from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, July 17th. Seaport Research Partners assumed coverage on shares of GE Aerospace in a report on Tuesday, May 26th. They issued a "buy" rating and a $375.00 target price for the company. Finally, Jefferies Financial Group raised their target price on shares of GE Aerospace from $365.00 to $455.00 and gave the stock a "buy" rating in a research note on Thursday, July 2nd. Sixteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $390.59.

GE Aerospace Price Performance

The firm's fifty day moving average price is $361.04 and its 200 day moving average price is $327.48. 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 $367.70 billion, a PE ratio of 41.74, a P/E/G ratio of 2.50 and a beta of 1.36.

GE Aerospace (NYSE:GE - Get Free Report) last posted its earnings results on Thursday, July 16th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.16. The company had revenue of $12.63 billion during the quarter, compared to analysts' expectations of $11.87 billion. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. GE Aerospace's quarterly revenue was up 21.1% on a year-over-year basis. During the same period 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, equities analysts expect 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 given 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 0.5%. GE Aerospace's dividend payout ratio (DPR) is presently 22.14%.

Insider Buying and Selling at GE Aerospace

In other news, SVP Mohamed Ali sold 8,096 shares of GE Aerospace stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $353.71, for a total value of $2,863,636.16. Following the sale, the senior vice president directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by insiders.

Hedge Funds Weigh In On GE Aerospace

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blueline Advisors LLC bought a new position in shares of GE Aerospace during the 4th quarter valued at approximately $25,000. Ankerstar Wealth LLC bought a new stake in GE Aerospace in the fourth quarter worth $31,000. Tucker Asset Management LLC bought a new stake in GE Aerospace in the fourth quarter worth $32,000. Paladin Partners LLC purchased a new stake in GE Aerospace during the second quarter valued at $38,000. Finally, Lifetime Wealth Management P.C. purchased a new stake in GE Aerospace during the fourth quarter valued at $40,000. 74.77% of the stock is owned by 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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