Shares of GE Aerospace (NYSE:GE – Get Free Report) dropped 2.9% during trading on Wednesday . The stock traded as low as $354.25 and last traded at $356.3010. 4,132,706 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 5,700,404 shares. The stock had previously closed at $366.98.
Analyst Ratings Changes
Several research analysts have commented on the stock. Zacks Research downgraded shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $355.00 target price on shares of GE Aerospace in a research report on Wednesday, May 20th. Daiwa Securities Group initiated coverage on GE Aerospace in a research note on Tuesday, March 31st. They set a “neutral” rating and a $301.00 price target for the company. Wall Street Zen cut GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Jefferies Financial Group lifted their price objective on GE Aerospace from $365.00 to $455.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, GE Aerospace has an average rating of “Moderate Buy” and an average target price of $357.56.
Check Out Our Latest Report on GE
GE Aerospace Stock Down 2.9%
GE Aerospace (NYSE:GE – Get Free Report) last announced its earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.26. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The firm had revenue of $11.61 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same period in the prior year, the company earned $1.49 EPS. The business’s revenue was up 24.6% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, equities research analysts forecast that GE Aerospace will post 7.48 earnings per share for the current year.
GE Aerospace Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Monday, July 6th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, July 6th. GE Aerospace’s dividend payout ratio (DPR) is presently 23.15%.
Hedge Funds Weigh In On GE Aerospace
Large investors have recently modified their holdings of the stock. Blueline Advisors LLC bought a new stake in GE Aerospace during the 4th quarter valued at about $25,000. Ankerstar Wealth LLC bought a new position in GE Aerospace in the 4th quarter worth about $31,000. Tucker Asset Management LLC purchased a new position in shares of GE Aerospace during the fourth quarter worth approximately $32,000. Lifetime Wealth Management P.C. purchased a new position in shares of GE Aerospace during the fourth quarter worth approximately $40,000. Finally, Beaird Harris Wealth Management LLC raised its stake in shares of GE Aerospace by 72.0% during the third quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock valued at $42,000 after acquiring an additional 59 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.
About GE Aerospace
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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