GE Aerospace (NYSE:GE) Shares Down 3.2% on Insider Selling

GE Aerospace (NYSE:GE)’s stock price dropped 3.2% during trading on Thursday after an insider sold shares in the company. The stock traded as low as $290.48 and last traded at $291.0910. Approximately 3,720,304 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 5,410,241 shares. The stock had previously closed at $300.82.

Specifically, SVP Russell Stokes sold 8,000 shares of GE Aerospace stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total transaction of $2,381,680.00. Following the transaction, the senior vice president owned 150,434 shares in the company, valued at $44,785,706.14. The trade was a 5.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Analyst Upgrades and Downgrades

GE has been the subject of a number of analyst reports. Zacks Research lowered shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. The Goldman Sachs Group boosted their target price on shares of GE Aerospace from $271.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 10th. Wells Fargo & Company increased their price target on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Wolfe Research raised their price target on shares of GE Aerospace from $280.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Finally, BNP Paribas Exane began coverage on GE Aerospace in a report on Tuesday. They issued an “underperform” rating on the stock. Fifteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $301.27.

GE Aerospace Price Performance

The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. The stock’s 50-day moving average is $301.15 and its two-hundred day moving average is $270.39. The stock has a market cap of $307.05 billion, a PE ratio of 38.86, a PEG ratio of 3.09 and a beta of 1.56.

GE Aerospace (NYSE:GE) last announced its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.20. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The company had revenue of $11.31 billion for the quarter, compared to analyst estimates of $10.29 billion. During the same quarter in the previous year, the company earned $1.15 earnings per share. The firm’s quarterly revenue was up 26.4% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities analysts predict that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Monday, September 29th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, September 29th. GE Aerospace’s payout ratio is currently 19.23%.

Institutional Trading of GE Aerospace

A number of institutional investors and hedge funds have recently bought and sold shares of GE. Norges Bank acquired a new stake in shares of GE Aerospace in the 2nd quarter valued at about $3,408,828,000. GQG Partners LLC purchased a new stake in GE Aerospace in the first quarter valued at approximately $1,606,840,000. Nuveen LLC purchased a new stake in GE Aerospace in the first quarter valued at approximately $777,075,000. Capital World Investors boosted its holdings in shares of GE Aerospace by 16.2% in the third quarter. Capital World Investors now owns 21,442,810 shares of the company’s stock valued at $6,449,731,000 after acquiring an additional 2,995,054 shares during the period. Finally, Amundi grew its position in shares of GE Aerospace by 124.0% during the first quarter. Amundi now owns 3,200,479 shares of the company’s stock worth $600,506,000 after acquiring an additional 1,771,944 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

GE Aerospace Company Profile

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.