GE Aerospace (NYSE:GE – Get Free Report)’s share price fell 3.2% on Tuesday . The company traded as low as $363.63 and last traded at $366.6440. Approximately 4,155,347 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 5,704,950 shares. The stock had previously closed at $378.68.
Wall Street Analyst Weigh In
Several analysts recently issued reports on GE shares. Morgan Stanley dropped their target price on GE Aerospace from $425.00 to $400.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $355.00 price target on shares of GE Aerospace in a research report on Wednesday, May 20th. UBS Group cut their price objective on GE Aerospace from $357.00 to $350.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Weiss Ratings downgraded shares of GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, GE Aerospace has a consensus rating of “Moderate Buy” and a consensus price target of $357.56.
View Our Latest Analysis on GE Aerospace
GE Aerospace Trading Down 3.2%
GE Aerospace (NYSE:GE – Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.26. The firm had revenue of $11.61 billion during the quarter, compared to analysts’ expectations of $11.61 billion. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.49 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Analysts predict that GE Aerospace will post 7.48 earnings per share for the current year.
GE Aerospace Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Monday, July 6th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, July 6th. GE Aerospace’s dividend payout ratio is currently 23.15%.
Institutional Investors Weigh In On GE Aerospace
Institutional investors have recently made changes to their positions in the company. BDF Gestion acquired a new stake in GE Aerospace during the 2nd quarter worth approximately $4,111,000. GAMMA Investing LLC grew its holdings in GE Aerospace by 11.6% in the 2nd quarter. GAMMA Investing LLC now owns 31,192 shares of the company’s stock valued at $11,658,000 after buying an additional 3,238 shares in the last quarter. Prota Financial LLC grew its holdings in GE Aerospace by 8.1% in the 2nd quarter. Prota Financial LLC now owns 2,159 shares of the company’s stock valued at $809,000 after buying an additional 161 shares in the last quarter. Central Pacific Bank Trust Division increased its position in GE Aerospace by 16.3% during the 2nd quarter. Central Pacific Bank Trust Division now owns 10,584 shares of the company’s stock worth $3,956,000 after buying an additional 1,481 shares during the period. Finally, Canandaigua National Bank & Trust Co. bought a new position in GE Aerospace during the 2nd quarter worth $3,822,000. 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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