GE Aerospace (NYSE:GE) Stock Price Up 2.3% – Here’s Why

GE Aerospace (NYSE:GE)’s share price rose 2.3% during trading on Thursday . The stock traded as high as $291.57 and last traded at $290.0640. Approximately 7,589,301 shares were traded during mid-day trading, an increase of 26% from the average daily volume of 6,023,732 shares. The stock had previously closed at $283.57.

Wall Street Analyst Weigh In

GE has been the subject of several analyst reports. TD Cowen lowered their price objective on GE Aerospace from $350.00 to $330.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Royal Bank Of Canada reissued an “outperform” rating and issued a $355.00 price objective on shares of GE Aerospace in a research note on Wednesday, April 22nd. Zacks Research downgraded GE Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Deutsche Bank Aktiengesellschaft increased their price objective on GE Aerospace from $375.00 to $387.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Finally, UBS Group lowered their price objective on GE Aerospace from $357.00 to $350.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $349.89.

GE Aerospace Stock Down 1.0%

The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $299.34 billion, a PE ratio of 35.33, a P/E/G ratio of 2.69 and a beta of 1.36. The stock has a 50-day moving average of $305.62 and a 200 day moving average of $306.27.

GE Aerospace (NYSE:GE) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.26. The company had revenue of $11.61 billion during the quarter, compared to the consensus estimate of $11.61 billion. GE Aerospace had a return on equity of 37.99% and a net margin of 17.86%.GE Aerospace’s revenue was up 24.6% on a year-over-year basis. During the same period last year, the business posted $1.49 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Sell-side analysts anticipate that GE Aerospace will post 7.46 EPS for the current year.

GE Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 27th. Investors of record on Monday, March 9th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, March 9th. This is a positive change from GE Aerospace’s previous quarterly dividend of $0.36. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.7%. GE Aerospace’s dividend payout ratio (DPR) is 23.15%.

Insider Activity at GE Aerospace

In related news, SVP Amy L. Gowder sold 4,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $305.73, for a total transaction of $1,222,920.00. Following the completion of the sale, the senior vice president directly owned 16,535 shares of the company’s stock, valued at approximately $5,055,245.55. This trade represents a 19.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.19% of the company’s stock.

Institutional Trading of GE Aerospace

A number of institutional investors and hedge funds have recently modified their holdings of the business. Avion Wealth increased its position in shares of GE Aerospace by 26.0% during the first quarter. Avion Wealth now owns 315 shares of the company’s stock valued at $89,000 after acquiring an additional 65 shares during the last quarter. LGT Fund Management Co Ltd. grew its holdings in GE Aerospace by 154.6% during the first quarter. LGT Fund Management Co Ltd. now owns 26,446 shares of the company’s stock valued at $7,505,000 after purchasing an additional 16,058 shares during the period. International Assets Investment Management LLC grew its holdings in GE Aerospace by 1.9% during the first quarter. International Assets Investment Management LLC now owns 16,475 shares of the company’s stock valued at $4,822,000 after purchasing an additional 300 shares during the period. Diversify Wealth Management LLC grew its holdings in GE Aerospace by 120.9% during the first quarter. Diversify Wealth Management LLC now owns 16,624 shares of the company’s stock valued at $4,714,000 after purchasing an additional 9,099 shares during the period. Finally, Valmark Advisers Inc. grew its holdings in GE Aerospace by 0.6% during the first quarter. Valmark Advisers Inc. now owns 10,396 shares of the company’s stock valued at $2,950,000 after purchasing an additional 62 shares during the period. 74.77% of the stock is owned by hedge funds and other 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.