GE Aerospace (NYSE:GE) Trading Down 5% – Here’s What Happened

GE Aerospace (NYSE:GEGet Free Report) fell 5% on Thursday . The stock traded as low as $297.86 and last traded at $298.38. 7,303,884 shares traded hands during mid-day trading, an increase of 29% from the average session volume of 5,641,494 shares. The stock had previously closed at $313.93.

GE Aerospace News Summary

Here are the key news stories impacting GE Aerospace this week:

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GE. BNP Paribas Exane lowered their price target on GE Aerospace from $305.00 to $290.00 and set an “underperform” rating for the company in a report on Friday, January 23rd. Wells Fargo & Company began coverage on GE Aerospace in a report on Wednesday, April 1st. They issued an “overweight” rating and a $325.00 price target for the company. Morgan Stanley began coverage on GE Aerospace in a report on Friday, February 20th. They issued an “overweight” rating and a $425.00 price target for the company. Weiss Ratings reissued a “buy (b)” rating on shares of GE Aerospace in a report on Thursday, January 22nd. Finally, Daiwa Securities Group began coverage on GE Aerospace in a report on Tuesday, March 31st. They issued a “neutral” rating and a $301.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, GE Aerospace presently has an average rating of “Moderate Buy” and an average price target of $350.88.

View Our Latest Analysis on GE Aerospace

GE Aerospace Trading Down 5.0%

The stock has a 50-day moving average of $312.10 and a 200 day moving average of $307.03. The stock has a market cap of $312.94 billion, a PE ratio of 36.66, a price-to-earnings-growth ratio of 2.96 and a beta of 1.43. The company has a quick ratio of 0.74, a current ratio of 1.04 and a debt-to-equity ratio of 1.00.

GE Aerospace (NYSE:GEGet Free Report) last issued its earnings results on Thursday, January 22nd. The company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.14. The firm had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.27 billion. GE Aerospace had a return on equity of 35.52% and a net margin of 18.98%.GE Aerospace’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.32 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. As a group, sell-side analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Monday, March 9th will be given a $0.47 dividend. This is an increase from GE Aerospace’s previous quarterly dividend of $0.36. This represents a $1.88 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, March 9th. GE Aerospace’s payout ratio is currently 23.10%.

Insider Activity at GE Aerospace

In related news, SVP Amy L. Gowder sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $305.73, for a total value of $1,222,920.00. Following the sale, the senior vice president owned 16,535 shares in the company, valued at $5,055,245.55. This represents a 19.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Russell Stokes sold 30,363 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $306.47, for a total value of $9,305,348.61. Following the completion of the sale, the senior vice president owned 150,434 shares in the company, valued at approximately $46,103,507.98. This represents a 16.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 37,398 shares of company stock worth $11,455,491 over the last quarter. Insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On GE Aerospace

A number of large investors have recently bought and sold shares of the company. Auto Owners Insurance Co lifted its holdings in GE Aerospace by 52,247.5% in the fourth quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company’s stock valued at $2,024,413,000 after acquiring an additional 65,595,733 shares during the period. Norges Bank acquired a new position in GE Aerospace in the fourth quarter valued at approximately $4,444,736,000. Capital World Investors lifted its holdings in GE Aerospace by 16.2% in the third quarter. Capital World Investors now owns 21,442,810 shares of the company’s stock valued at $6,449,731,000 after acquiring an additional 2,995,054 shares during the period. Corient Private Wealth LLC lifted its holdings in GE Aerospace by 382.1% in the fourth quarter. Corient Private Wealth LLC now owns 2,757,281 shares of the company’s stock valued at $849,325,000 after acquiring an additional 2,185,321 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in GE Aerospace by 1,200.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,847,011 shares of the company’s stock valued at $568,935,000 after acquiring an additional 1,705,005 shares during the period. Hedge funds and other institutional investors own 74.77% of the company’s stock.

About GE Aerospace

(Get Free Report)

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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