GE Aerospace (NYSE:GE) Stock Price Down 1.4% – Here’s Why

GE Aerospace (NYSE:GE)’s share price traded down 1.4% during mid-day trading on Tuesday . The stock traded as low as $329.51 and last traded at $330.86. Approximately 3,023,054 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 5,241,705 shares. The stock had previously closed at $335.71.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on GE shares. JPMorgan Chase & Co. lifted their target price on shares of GE Aerospace from $335.00 to $400.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. TD Cowen reiterated a “buy” rating and set a $380.00 price objective (up from $330.00) on shares of GE Aerospace in a report on Monday, July 13th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $390.00 price objective on shares of GE Aerospace in a research report on Monday, July 20th. Royal Bank Of Canada restated an “outperform” rating and set a $400.00 price target (up from $355.00) on shares of GE Aerospace in a research report on Wednesday, July 15th. Finally, UBS Group raised their target price on GE Aerospace from $426.00 to $435.00 and gave the stock a “buy” rating in a research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $390.59.

GE Aerospace Price Performance

The stock has a market capitalization of $343.29 billion, a P/E ratio of 38.97, a price-to-earnings-growth ratio of 2.50 and a beta of 1.36. The firm has a 50-day moving average price of $359.94 and a 200 day moving average price of $328.30. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.67 and a current ratio of 0.98.

GE Aerospace (NYSE:GE) last issued its earnings results on Thursday, July 16th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.86 by $0.16. The company 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 firm’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.66 earnings per share. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, analysts expect that GE Aerospace will post 7.91 EPS for the current year.

GE Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Monday, July 6th were paid a $0.47 dividend. The ex-dividend date was Monday, July 6th. This represents a $1.88 dividend on an annualized basis and a yield of 0.6%. GE Aerospace’s payout ratio is presently 22.14%.

Insider Buying and Selling

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

Hedge Funds Weigh In On GE Aerospace

Several hedge funds and other institutional investors have recently modified their holdings of GE. Cornerstone Financial Management LLC boosted its holdings in shares of GE Aerospace by 36.7% in the second quarter. Cornerstone Financial Management LLC now owns 227 shares of the company’s stock worth $85,000 after buying an additional 61 shares during the last quarter. Formuepleje A S purchased a new position in shares of GE Aerospace in the second quarter valued at about $2,879,000. HighTower Advisors LLC boosted its stake in GE Aerospace by 7.8% in the 2nd quarter. HighTower Advisors LLC now owns 509,793 shares of the company’s stock worth $190,525,000 after purchasing an additional 36,887 shares during the period. Tobias Financial Advisors Inc. purchased a new stake in GE Aerospace in the 2nd quarter worth $223,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in GE Aerospace during the 2nd quarter valued at approximately $80,942,000. 74.77% of the stock is 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.