GE Aerospace (NYSE:GE) Trading Down 1.2% – Here’s Why

GE Aerospace (NYSE:GE) shares fell 1.2% during trading on Wednesday . The company traded as low as $322.95 and last traded at $323.7060. 4,308,172 shares were traded during trading, a decline of 7% from the average session volume of 4,649,766 shares. The stock had previously closed at $327.54.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Susquehanna started coverage on GE Aerospace in a research note on Thursday, December 4th. They set a “positive” rating and a $350.00 target price on the stock. Wall Street Zen cut shares of GE Aerospace from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research lowered shares of GE Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $350.00 target price on shares of GE Aerospace in a research note on Wednesday, October 8th. Finally, BNP Paribas Exane began coverage on shares of GE Aerospace in a research note on Tuesday, November 18th. They issued an “underperform” rating for the company. Sixteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have 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 $309.94.

GE Aerospace Stock 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 business has a 50-day moving average price of $302.75 and a 200 day moving average price of $286.59. The stock has a market capitalization of $341.45 billion, a P/E ratio of 43.22, a PEG ratio of 2.22 and a beta of 1.40.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 earnings per share 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 during the quarter, compared to analyst estimates of $10.29 billion. During the same quarter last year, the company earned $1.15 EPS. The firm’s revenue for the quarter was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. As a group, sell-side analysts forecast that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Monday, December 29th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, December 29th. GE Aerospace’s dividend payout ratio (DPR) is currently 19.23%.

Insider Transactions at GE Aerospace

In other news, SVP Russell Stokes sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total value of $2,381,680.00. Following the transaction, the senior vice president owned 150,434 shares in the company, valued at approximately $44,785,706.14. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.21% of the company’s stock.

Institutional Trading of GE Aerospace

Several institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of GE Aerospace during the second quarter valued at $3,408,828,000. Capital World Investors raised its position in GE Aerospace by 16.2% in the 3rd quarter. Capital World Investors now owns 21,442,810 shares of the company’s stock worth $6,449,731,000 after buying an additional 2,995,054 shares during the last quarter. Jennison Associates LLC lifted its stake in GE Aerospace by 21.5% during the 3rd quarter. Jennison Associates LLC now owns 8,430,878 shares of the company’s stock valued at $2,536,177,000 after acquiring an additional 1,494,541 shares during the period. Vanguard Group Inc. lifted its stake in GE Aerospace by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 91,989,511 shares of the company’s stock valued at $23,677,180,000 after acquiring an additional 1,482,069 shares during the period. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of GE Aerospace during the 3rd quarter valued at about $285,263,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

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.