GE Aerospace (NYSE:GE) Reaches New 52-Week High on Analyst Upgrade

GE Aerospace (NYSE:GE) reached a new 52-week high during mid-day trading on Thursday after Jefferies Financial Group raised their price target on the stock from $365.00 to $455.00. Jefferies Financial Group currently has a buy rating on the stock. GE Aerospace traded as high as $381.89 and last traded at $379.8970, with a volume of 225119 shares trading hands. The stock had previously closed at $374.94.

Several other brokerages have also recently weighed in on GE. Wall Street Zen cut GE Aerospace from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Zacks Research cut GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Wells Fargo & Company began coverage on GE Aerospace in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $325.00 price objective for the company. Weiss Ratings lowered GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 1st. Finally, BNP Paribas Exane cut their target price on shares of GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $357.56.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blueline Advisors LLC bought a new position in shares of GE Aerospace during the fourth quarter valued at approximately $25,000. Ankerstar Wealth LLC bought a new stake in GE Aerospace in the fourth quarter valued at $31,000. Tucker Asset Management LLC purchased a new position in GE Aerospace during the 4th quarter valued at $32,000. Lifetime Wealth Management P.C. bought a new position in GE Aerospace in the 4th quarter worth $40,000. Finally, Beaird Harris Wealth Management LLC lifted its position in shares of GE Aerospace by 72.0% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 141 shares of the company’s stock worth $42,000 after purchasing an additional 59 shares during the period. Institutional investors own 74.77% of the company’s stock.

GE Aerospace Stock Performance

The company’s 50-day moving average price is $319.00 and its 200 day moving average price is $314.03. The stock has a market capitalization of $398.63 billion, a PE ratio of 47.08, a PEG ratio of 3.31 and a beta of 1.35. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.70 and a current ratio of 1.01.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.26. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The company had revenue of $11.61 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the prior year, the firm earned $1.49 earnings per share. GE Aerospace’s revenue was up 24.6% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. On average, equities research analysts expect that GE Aerospace will post 7.48 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Monday, July 6th will be given a $0.47 dividend. The ex-dividend date of this dividend is 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 currently 23.15%.

GE Aerospace Company Profile

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.