GE Aerospace (NYSE:GE) Trading 2.3% Higher – Here’s Why

GE Aerospace (NYSE:GE) shot up 2.3% on Tuesday . The company traded as high as $378.85 and last traded at $377.3080. Approximately 4,014,163 shares changed hands during trading, a decline of 27% from the average daily volume of 5,467,111 shares. The stock had previously closed at $368.93.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wells Fargo & Company reiterated an “overweight” rating and set a $390.00 price target on shares of GE Aerospace in a report on Monday, July 20th. BNP Paribas Exane decreased 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. Weiss Ratings raised shares of GE Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $450.00 price target on shares of GE Aerospace in a report on Monday, July 27th. Finally, UBS Group upped their price objective on GE Aerospace from $426.00 to $435.00 and gave the company a “buy” rating in a report on Friday, July 17th. Sixteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $390.59.

GE Aerospace Stock Performance

The firm’s fifty day moving average is $349.22 and its 200-day moving average is $321.22. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $391.48 billion, a PE ratio of 44.44, a price-to-earnings-growth ratio of 2.63 and a beta of 1.36.

GE Aerospace (NYSE:GE) last released its quarterly earnings results on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.16. The business had revenue of $12.63 billion for the quarter, compared to the consensus estimate of $11.87 billion. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The business’s revenue was up 21.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.66 EPS. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. As a group, research analysts anticipate that GE Aerospace will post 7.91 earnings per share for the current year.

GE Aerospace Announces Dividend

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

Insider Buying and Selling at GE Aerospace

In other news, SVP Mohamed Ali sold 8,096 shares of GE Aerospace stock in a transaction on Friday, July 24th. The stock was sold at an average price of $353.71, for a total value of $2,863,636.16. Following the completion of the sale, the senior vice president directly owned 20,666 shares of the company’s stock, valued at approximately $7,309,770.86. The trade was a 28.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.19% of the company’s stock.

Institutional Trading of GE Aerospace

Institutional investors and hedge funds have recently bought and sold shares of the business. Blueline Advisors LLC purchased a new position in GE Aerospace during the 4th quarter worth $25,000. Ankerstar Wealth LLC acquired a new position in shares of GE Aerospace in the 4th quarter valued at about $31,000. Tucker Asset Management LLC purchased a new stake in shares of GE Aerospace in the fourth quarter worth about $32,000. Burkett Financial Services LLC grew its stake in shares of GE Aerospace by 28.9% during the second quarter. Burkett Financial Services LLC now owns 125 shares of the company’s stock valued at $47,000 after acquiring an additional 28 shares in the last quarter. Finally, Lifetime Wealth Management P.C. bought a new stake in shares of GE Aerospace in the 4th quarter worth about $40,000. 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.