GE Aerospace (NYSE:GE) Trading Down 1.1% – Here’s What Happened

Shares of GE Aerospace (NYSE:GE) dropped 1.1% during mid-day trading on Friday . The company traded as low as $368.44 and last traded at $370.4020. Approximately 2,499,046 shares traded hands during trading, a decline of 54% from the average session volume of 5,415,486 shares. The stock had previously closed at $374.55.

Analysts Set New Price Targets

Several equities research analysts have recently commented on GE shares. Susquehanna reissued a “positive” rating and set a $430.00 price target (up from $380.00) on shares of GE Aerospace in a research note on Thursday, July 9th. Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $450.00 price objective on shares of GE Aerospace in a report on Monday, July 27th. UBS Group boosted their target price on GE Aerospace from $426.00 to $435.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Finally, Sanford C. Bernstein set a $421.00 target price on GE Aerospace and gave the company an “outperform” rating in a report on Thursday, July 23rd. Sixteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $390.59.

GE Aerospace Stock Down 1.1%

The company has a market cap of $384.32 billion, a PE ratio of 43.63, a P/E/G ratio of 2.70 and a beta of 1.36. The company has a quick ratio of 0.67, a current ratio of 0.98 and a debt-to-equity ratio of 0.96. The firm’s fifty day simple moving average is $353.75 and its 200-day simple moving average is $322.74.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Thursday, July 16th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.86 by $0.16. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The business had revenue of $12.63 billion for the quarter, compared to analyst estimates of $11.87 billion. During the same period in the prior year, the business earned $1.66 earnings per share. The company’s quarterly revenue was up 21.1% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. As a group, equities research analysts expect that GE Aerospace will post 7.91 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Monday, July 6th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, July 6th. GE Aerospace’s dividend payout ratio is 22.14%.

Insider Buying and Selling

In other GE Aerospace news, SVP Mohamed Ali sold 8,096 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was 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 of the company’s stock, valued at approximately $7,309,770.86. This trade represents a 28.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.19% of the company’s stock.

Institutional Trading of GE Aerospace

Large investors have recently made changes to their positions in the stock. Allworth Financial LP lifted its position in GE Aerospace by 7.6% during the fourth quarter. Allworth Financial LP now owns 76,867 shares of the company’s stock worth $23,677,000 after buying an additional 5,434 shares during the period. Dara Capital US Inc. purchased a new stake in GE Aerospace in the 4th quarter valued at about $2,527,000. NewEdge Wealth LLC grew its holdings in GE Aerospace by 92.2% in the 4th quarter. NewEdge Wealth LLC now owns 20,142 shares of the company’s stock valued at $6,204,000 after buying an additional 9,663 shares during the period. CenterBook Partners LP increased its stake in shares of GE Aerospace by 892.6% during the 4th quarter. CenterBook Partners LP now owns 49,788 shares of the company’s stock valued at $15,336,000 after acquiring an additional 44,772 shares during the last quarter. Finally, Clough Capital Partners L P increased its stake in shares of GE Aerospace by 37.1% during the 1st quarter. Clough Capital Partners L P now owns 70,535 shares of the company’s stock valued at $20,016,000 after acquiring an additional 19,105 shares during the last quarter. 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.