GE Aerospace (NYSE:GE) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of GE Aerospace (NYSE:GE) from a buy rating to a hold rating in a report published on Saturday.

Other equities research analysts also recently issued research reports about the stock. Jefferies Financial Group boosted their target price on shares of GE Aerospace from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Citigroup assumed coverage on GE Aerospace in a report on Thursday, December 11th. They set a “buy” rating and a $386.00 target price on the stock. UBS Group set a $366.00 price target on GE Aerospace and gave the company a “buy” rating in a report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $350.00 price objective on shares of GE Aerospace in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group raised their price target on shares of GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Sixteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $309.94.

GE Aerospace Stock Up 1.0%

Shares of NYSE GE opened at $324.07 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $329.43. The stock’s 50-day simple moving average is $302.40 and its 200-day simple moving average is $285.96. The firm has a market cap of $341.84 billion, a price-to-earnings ratio of 43.27, a PEG ratio of 2.19 and a beta of 1.40.

GE Aerospace (NYSE:GE) last issued 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 firm had revenue of $11.31 billion during the quarter, compared to analyst estimates of $10.29 billion. During the same quarter last year, the firm earned $1.15 EPS. GE Aerospace’s quarterly revenue 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, equities analysts anticipate that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

The company also recently announced 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 of this dividend is Monday, December 29th. GE Aerospace’s payout ratio is presently 19.23%.

Insider Activity at GE Aerospace

In other GE Aerospace news, SVP Russell Stokes sold 8,000 shares of the firm’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 sale, the senior vice president owned 150,434 shares in the company, valued at approximately $44,785,706.14. This trade represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bare Financial Services Inc increased its position in shares of GE Aerospace by 81.1% during the 2nd quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock valued at $25,000 after purchasing an additional 43 shares during the period. REAP Financial Group LLC acquired a new position in GE Aerospace during the third quarter worth about $25,000. Marquette Asset Management LLC bought a new stake in GE Aerospace in the third quarter worth about $26,000. Lavaca Capital LLC lifted its holdings in GE Aerospace by 1,666.7% in the 2nd quarter. Lavaca Capital LLC now owns 106 shares of the company’s stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC boosted its position in shares of GE Aerospace by 147.2% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock valued at $27,000 after purchasing an additional 53 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

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.