GE Aerospace (NYSE:GE – Get Free Report)’s stock price was up 1.5% during mid-day trading on Tuesday . The stock traded as high as $375.58 and last traded at $375.0350. Approximately 4,924,782 shares were traded during trading, a decline of 7% from the average daily volume of 5,323,301 shares. The stock had previously closed at $369.43.
More GE Aerospace News
Here are the key news stories impacting GE Aerospace this week:
- Positive Sentiment: GE Aerospace and Kratos won a U.S. Air Force contract to develop the GEK800 engine for JASSM missiles. The second-source role expands GE’s defense opportunity and could provide additional long-term revenue and backlog. GE-Kratos Wins Second-Source Role For JASSM Engine
- Positive Sentiment: The company’s T901 engine cleared a preliminary flight rating for the U.S. Army’s UH-60 Black Hawk, while GE engines are also being used to upgrade Apache helicopters. These developments reinforce GE’s position in military aviation. GE’s T901 engine clears preliminary flight rating
- Positive Sentiment: GE Aerospace’s roughly 19.9% year-to-date gain reflects strong commercial and defense demand. The company has been beating earnings expectations, raising guidance and reporting a backlog of approximately $210 billion. Hold GE Aerospace Even as Wall Street Remains Bullish
- Positive Sentiment: Shares recently moved above their 20-day moving average, signaling improving short-term momentum and potentially supporting continued buying interest. GE Crossed Above the 20-Day Moving Average
- Neutral Sentiment: GE Aerospace backed hybrid-electric flight through a new financing deal, adding longer-term technology optionality, although the financial impact is unlikely to be material immediately. GE Aerospace Backs Hybrid Electric Flight
- Neutral Sentiment: Trian Fund Management maintained its sizable GE Aerospace position while increasing its stake in GE HealthCare, indicating continued confidence in the aerospace business but no new activist catalyst for GE.
- Negative Sentiment: Analysts caution that GE’s valuation is demanding after the rally. Rising costs, debt and emerging margin pressure could restrict near-term upside, leading some investors to view the shares as a hold despite broadly bullish Wall Street ratings. GE Aerospace Rises 19.9% YTD
Analyst Ratings Changes
A number of research firms recently commented on GE. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $450.00 price target on shares of GE Aerospace in a research report on Monday, July 27th. Citigroup reiterated a “buy” rating and issued a $431.00 target price (up from $353.00) on shares of GE Aerospace in a research note on Wednesday, July 1st. JPMorgan Chase & Co. increased their target price on shares of GE Aerospace from $335.00 to $400.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Morgan Stanley dropped their price target on shares of GE Aerospace from $425.00 to $400.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Finally, UBS Group boosted their price target on shares of GE Aerospace from $426.00 to $435.00 and gave the stock a “buy” rating in a report on Friday, July 17th. 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 company. According to data from MarketBeat, GE Aerospace has a consensus rating of “Moderate Buy” and an average price target of $390.59.
GE Aerospace Stock Up 1.5%
The stock has a fifty day moving average of $358.93 and a 200 day moving average of $325.43. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.98 and a quick ratio of 0.67. The firm has a market capitalization of $389.12 billion, a P/E ratio of 44.17, a price-to-earnings-growth ratio of 2.69 and a beta of 1.36.
GE Aerospace (NYSE:GE – Get Free Report) last announced its quarterly earnings data on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.16. The firm had revenue of $12.63 billion during the quarter, compared to the consensus estimate of $11.87 billion. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.The business’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.66 EPS. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, research analysts anticipate that GE Aerospace will post 7.91 EPS for the current fiscal year.
GE Aerospace Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Monday, July 6th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, July 6th. GE Aerospace’s payout ratio is 22.14%.
Insiders Place Their Bets
In related news, SVP Mohamed Ali sold 8,096 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $353.71, for a total transaction of $2,863,636.16. Following the completion of the transaction, the senior vice president owned 20,666 shares in the company, valued at approximately $7,309,770.86. This represents a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.19% of the company’s stock.
Institutional Trading of GE Aerospace
Several hedge funds have recently added to or reduced their stakes in the stock. Auto Owners Insurance Co grew its position in shares of GE Aerospace by 52,247.5% during the 4th 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 bought a new stake in shares of GE Aerospace in the 4th quarter worth approximately $4,444,736,000. Amundi lifted its stake in GE Aerospace by 135.2% in the first quarter. Amundi now owns 6,119,975 shares of the company’s stock valued at $1,736,665,000 after purchasing an additional 3,518,278 shares during the last quarter. Jupiter Topco LLC purchased a new position in GE Aerospace in the second quarter valued at approximately $1,283,858,000. Finally, Jennison Associates LLC grew its holdings in GE Aerospace by 37.7% during the first quarter. Jennison Associates LLC now owns 11,026,006 shares of the company’s stock valued at $3,128,850,000 after purchasing an additional 3,017,937 shares during the period. 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.
Further Reading
- Five stocks we like better than GE Aerospace
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
Receive News & Ratings for GE Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GE Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.
