GE Aerospace (NYSE:GE) Trading 1.8% Higher – Should You Buy?

GE Aerospace (NYSE:GE)’s stock price rose 1.8% during mid-day trading on Friday . The company traded as high as $362.42 and last traded at $361.4040. Approximately 3,046,104 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 5,484,948 shares. The stock had previously closed at $355.04.

Analysts Set New Price Targets

A number of research analysts have recently commented on GE shares. Weiss Ratings raised GE Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 17th. President Capital lowered their price target on shares of GE Aerospace from $355.00 to $342.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Citigroup reaffirmed a “buy” rating and set a $431.00 price objective (up from $353.00) on shares of GE Aerospace in a research note on Wednesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $450.00 price objective on shares of GE Aerospace in a research report on Monday. Sixteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, GE Aerospace presently has an average rating of “Moderate Buy” and an average price target of $390.59.

GE Aerospace Stock Up 1.8%

The company’s fifty day simple moving average is $346.68 and its 200 day simple moving average is $320.66. 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 has a market capitalization of $374.98 billion, a PE ratio of 42.57, a price-to-earnings-growth ratio of 2.56 and a beta of 1.35.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Thursday, July 16th. The company reported $2.02 EPS for the quarter, topping 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 quarter in the previous year, the firm posted $1.66 earnings per share. GE Aerospace’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. Analysts anticipate that GE Aerospace will post 7.91 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

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

Insider Activity

In related news, SVP Mohamed Ali sold 8,096 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president owned 20,666 shares in the company, valued at $7,309,770.86. The trade was a 28.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On GE Aerospace

Institutional investors have recently made changes to their positions in the company. Blueline Advisors LLC bought a new position in GE Aerospace in the 4th quarter valued at approximately $25,000. Ankerstar Wealth LLC bought a new position in shares of GE Aerospace during the fourth quarter valued at $31,000. Tucker Asset Management LLC purchased a new stake in shares of GE Aerospace during the fourth quarter valued at $32,000. Lifetime Wealth Management P.C. bought a new stake in GE Aerospace in the 4th quarter worth about $40,000. Finally, Beaird Harris Wealth Management LLC raised its position in 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 buying an additional 59 shares during the last quarter. Hedge funds and other 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.