GE Aerospace (NYSE:GE – Get Free Report)’s stock price was up 2.3% during mid-day trading on Tuesday . The company traded as high as $350.00 and last traded at $349.6760. 3,132,883 shares were traded during trading, a decline of 41% from the average session volume of 5,291,593 shares. The stock had previously closed at $341.84.
Analyst Ratings Changes
A number of research firms recently commented on GE. JPMorgan Chase & Co. lifted their price objective on GE Aerospace from $335.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Jefferies Financial Group raised their price target on shares of GE Aerospace from $365.00 to $455.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. UBS Group increased their target price on GE Aerospace from $426.00 to $435.00 and gave the company a “buy” rating in a report on Friday, July 17th. Wall Street Zen lowered shares of GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Sanford C. Bernstein set a $421.00 price objective on GE Aerospace and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Sixteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, GE Aerospace has an average rating of “Moderate Buy” and an average target price of $390.59.
Read Our Latest Research Report on GE
GE Aerospace Stock Performance
GE Aerospace (NYSE:GE – Get Free Report) last announced its quarterly earnings results on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.16. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The firm had revenue of $12.63 billion for the quarter, compared to the consensus estimate of $11.87 billion. During the same period in the prior year, the firm posted $1.66 earnings per share. The firm’s quarterly revenue was up 21.1% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. Research analysts forecast that GE Aerospace will post 7.91 earnings per share for the current fiscal year.
GE Aerospace Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Monday, July 6th were given a $0.47 dividend. The ex-dividend date of this dividend 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 is 22.14%.
Insider Transactions at GE Aerospace
In related news, SVP Mohamed Ali sold 8,096 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $353.71, for a total value of $2,863,636.16. Following the completion of the sale, the senior vice president owned 20,666 shares in the company, valued at $7,309,770.86. This trade represents a 28.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.19% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GE. California State Teachers Retirement System raised its stake in GE Aerospace by 36,799.0% during the second quarter. California State Teachers Retirement System now owns 594,835,395 shares of the company’s stock valued at $222,307,832,000 after buying an additional 593,223,330 shares in the last quarter. Auto Owners Insurance Co lifted 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 last quarter. Norges Bank acquired a new stake in GE Aerospace during the 4th quarter valued at $4,444,736,000. Amundi grew its position in GE Aerospace by 135.2% during 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 in the last quarter. Finally, Jupiter Topco LLC bought a new stake in shares of GE Aerospace in the 2nd quarter valued at approximately $1,283,858,000. Institutional investors and hedge funds 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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