GE Aerospace (NYSE:GE) Trading 1.6% Higher – Here’s What Happened

GE Aerospace (NYSE:GE) was up 1.6% during mid-day trading on Wednesday . The stock traded as high as $301.67 and last traded at $300.84. Approximately 2,877,197 shares traded hands during trading, a decline of 47% from the average daily volume of 5,417,479 shares. The stock had previously closed at $296.01.

Analyst Ratings Changes

A number of research firms have commented on GE. Royal Bank Of Canada increased their price objective on shares of GE Aerospace from $300.00 to $340.00 and gave the company an “outperform” rating in a report on Friday, October 17th. UBS Group set a $366.00 price target on GE Aerospace and gave the company a “buy” rating in a report on Wednesday, October 22nd. Sanford C. Bernstein reiterated an “outperform” rating on shares of GE Aerospace in a research report on Monday, October 27th. Jefferies Financial Group boosted their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Finally, Barclays increased their price objective on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Fifteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $301.27.

GE Aerospace Stock Performance

The company has a current ratio of 1.08, a quick ratio of 0.76 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $317.33 billion, a price-to-earnings ratio of 40.17, a price-to-earnings-growth ratio of 3.09 and a beta of 1.56. The firm’s fifty day moving average price is $300.80 and its 200 day moving average price is $270.17.

GE Aerospace (NYSE:GE) last posted its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The firm had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. During the same quarter last year, the firm earned $1.15 EPS. The firm’s revenue for the quarter was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Monday, September 29th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, September 29th. GE Aerospace’s payout ratio is currently 19.23%.

Hedge Funds Weigh In On GE Aerospace

Institutional investors have recently bought and sold shares of the company. Bare Financial Services Inc grew its holdings in shares of GE Aerospace by 81.1% in the second quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock valued at $25,000 after purchasing an additional 43 shares in the last quarter. REAP Financial Group LLC acquired a new position in shares of GE Aerospace in the third quarter worth $25,000. Marquette Asset Management LLC purchased a new stake in shares of GE Aerospace during the third quarter worth $26,000. Lavaca Capital LLC boosted its holdings in GE Aerospace by 1,666.7% in the second quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC boosted its holdings in GE Aerospace by 147.2% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock valued at $27,000 after purchasing an additional 53 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

GE Aerospace Company Profile

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.