GE Aerospace (NYSE:GE – Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $383.38 and last traded at $381.62, with a volume of 381961 shares trading hands. The stock had previously closed at $377.28.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on GE shares. Wall Street Zen lowered GE Aerospace from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Morgan Stanley dropped their price objective on GE Aerospace from $425.00 to $400.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Sanford C. Bernstein set a $421.00 target price on shares of GE Aerospace and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Royal Bank Of Canada reissued an “outperform” rating and set a $400.00 price target (up from $355.00) on shares of GE Aerospace in a research note on Wednesday, July 15th. Finally, Susquehanna reissued a “positive” rating and issued a $430.00 target price (up from $380.00) on shares of GE Aerospace in a research note on Thursday, July 9th. Sixteen 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $390.59.
Read Our Latest Research Report on GE
GE Aerospace Price Performance
GE Aerospace (NYSE:GE – Get Free Report) last posted its quarterly earnings data on Thursday, July 16th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.16. The company had revenue of $12.63 billion during the quarter, compared to analysts’ expectations of $11.87 billion. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.GE Aerospace’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.66 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. Research analysts expect that GE Aerospace will post 7.91 EPS for the current year.
GE Aerospace Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 6th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, July 6th. GE Aerospace’s dividend payout ratio (DPR) is currently 22.14%.
Insider Activity
In other news, SVP Mohamed Ali sold 8,096 shares of the business’s stock in a transaction on 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 sale, the senior vice president owned 20,666 shares of the company’s stock, valued at $7,309,770.86. The trade was a 28.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.19% of the stock is owned by company insiders.
Institutional Investors Weigh In On GE Aerospace
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GE. Blueline Advisors LLC bought a new position in shares of GE Aerospace in the 4th quarter valued at about $25,000. Ankerstar Wealth LLC bought a new stake in GE Aerospace during the fourth quarter worth about $31,000. Tucker Asset Management LLC bought a new stake in GE Aerospace during the fourth quarter worth about $32,000. Burkett Financial Services LLC boosted its position in GE Aerospace by 28.9% during the second quarter. Burkett Financial Services LLC now owns 125 shares of the company’s stock valued at $47,000 after purchasing an additional 28 shares during the last quarter. Finally, Lifetime Wealth Management P.C. acquired a new position in GE Aerospace during the fourth quarter valued at approximately $40,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.
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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