GE Aerospace (NYSE:GE) Shares Down 3.1% – What’s Next?

GE Aerospace (NYSE:GE)’s share price dropped 3.1% during mid-day trading on Thursday . The stock traded as low as $343.56 and last traded at $345.21. Approximately 5,344,101 shares changed hands during mid-day trading, an increase of 0% from the average session volume of 5,328,426 shares. The stock had previously closed at $356.23.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wells Fargo & Company reaffirmed an “overweight” rating and set a $390.00 target price on shares of GE Aerospace in a research note on Monday, July 20th. Weiss Ratings raised shares of GE Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 17th. Sanford C. Bernstein set a $421.00 price target on shares of GE Aerospace and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $450.00 price objective on shares of GE Aerospace in a research note on Monday, July 27th. Finally, Jefferies Financial Group lifted their price objective on GE Aerospace from $365.00 to $455.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Sixteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, GE Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $390.59.

GE Aerospace Stock Down 3.1%

The firm has a market cap of $358.18 billion, a P/E ratio of 40.66, a P/E/G ratio of 2.74 and a beta of 1.36. The business’s fifty day moving average price is $360.56 and its two-hundred day moving average price is $326.42. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.96.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data 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. The firm had revenue of $12.63 billion during the quarter, compared to analysts’ expectations of $11.87 billion. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. GE Aerospace’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.66 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. As a group, equities research analysts anticipate that GE Aerospace will post 7.91 EPS for the current year.

GE Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 27th. Shareholders 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 payout ratio is currently 22.14%.

Insider Activity

In other news, SVP Mohamed Ali sold 8,096 shares of the company’s stock in a transaction dated 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 sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On GE Aerospace

A number of large investors have recently added to or reduced their stakes in the stock. Blueline Advisors LLC bought a new position in shares of GE Aerospace in the fourth quarter valued at approximately $25,000. Ankerstar Wealth LLC bought a new stake in shares of GE Aerospace during the 4th quarter worth $31,000. Tucker Asset Management LLC acquired a new position in GE Aerospace in the 4th quarter valued at $32,000. Paladin Partners LLC bought a new position in GE Aerospace in the 2nd quarter worth $38,000. Finally, Lifetime Wealth Management P.C. bought a new position in GE Aerospace in the 4th quarter worth $40,000. 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.