GE Aerospace (NYSE:GE) Trading 1.5% Higher – Here’s What Happened

GE Aerospace (NYSE:GE)’s stock price rose 1.5% on Tuesday . The stock traded as high as $375.58 and last traded at $375.0350. Approximately 4,924,782 shares traded hands during mid-day trading, a decline of 7% from the average daily volume of 5,323,301 shares. The stock had previously closed at $369.43.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company restated an “overweight” rating and set a $390.00 target price on shares of GE Aerospace in a report on Monday, July 20th. Sanford C. Bernstein set a $421.00 price objective on shares of GE Aerospace and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Susquehanna reaffirmed a “positive” rating and issued a $430.00 target price (up from $380.00) on shares of GE Aerospace in a report on Thursday, July 9th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $400.00 target price (up from $355.00) on shares of GE Aerospace in a research note on Wednesday, July 15th. Finally, JPMorgan Chase & Co. boosted their price target on GE Aerospace from $335.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Sixteen 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, GE Aerospace presently has a consensus rating of “Moderate Buy” and a consensus price target of $390.59.

GE Aerospace Trading Down 1.1%

The business’s 50 day moving average price is $360.56 and its 200-day moving average price is $326.42. 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 company has a market cap of $365.57 billion, a price-to-earnings ratio of 41.58, a PEG ratio of 2.74 and a beta of 1.36.

GE Aerospace (NYSE:GE) last announced its quarterly earnings results on Thursday, July 16th. The company reported $2.02 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 analyst estimates of $11.87 billion. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. GE Aerospace’s quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.66 EPS. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, equities analysts anticipate that GE Aerospace will post 7.91 EPS for the current fiscal year.

GE Aerospace Dividend Announcement

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

Insider Transactions at GE Aerospace

In related news, SVP Mohamed Ali sold 8,096 shares of the business’s 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 in the company, valued at $7,309,770.86. The trade was a 28.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On GE Aerospace

Institutional investors have recently modified their holdings of the business. Ancora Advisors LLC boosted its holdings in GE Aerospace by 2.5% in the 2nd quarter. Ancora Advisors LLC now owns 4,595 shares of the company’s stock valued at $1,717,000 after purchasing an additional 112 shares during the period. Susquehanna Fundamental Investments LLC boosted its stake in shares of GE Aerospace by 261.0% in the second quarter. Susquehanna Fundamental Investments LLC now owns 213,603 shares of the company’s stock valued at $79,830,000 after buying an additional 154,429 shares during the period. Aldebaran Capital LLC acquired a new stake in GE Aerospace during the second quarter worth approximately $468,000. Benjamin Edwards Inc. grew its position in GE Aerospace by 38.0% during the second quarter. Benjamin Edwards Inc. now owns 37,530 shares of the company’s stock worth $14,027,000 after buying an additional 10,330 shares in the last quarter. Finally, Cacti Asset Management LLC bought a new position in GE Aerospace during the 2nd quarter worth $3,060,000. 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.