GE Aerospace (NYSE:GE) Trading Down 2% – Here’s Why

Shares of GE Aerospace (NYSE:GE) were down 2% during mid-day trading on Monday . The stock traded as low as $312.08 and last traded at $317.3440. Approximately 5,107,277 shares traded hands during trading, a decline of 1% from the average daily volume of 5,155,919 shares. The stock had previously closed at $323.66.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on GE shares. TD Cowen reiterated a “buy” rating and issued a $380.00 target price (up from $330.00) on shares of GE Aerospace in a research report on Monday, July 13th. Weiss Ratings upgraded shares of GE Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 17th. 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 note on Wednesday, July 15th. The Goldman Sachs Group restated a “buy” rating and issued a $410.00 price objective on shares of GE Aerospace in a report on Monday, July 20th. Finally, UBS Group increased their price target on GE Aerospace from $426.00 to $435.00 and gave the company a “buy” rating in a research report on Friday, July 17th. Sixteen investment analysts have rated the stock with 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, GE Aerospace currently has an average rating of “Moderate Buy” and a consensus target price of $388.33.

GE Aerospace Price Performance

The firm has a market cap of $329.26 billion, a PE ratio of 37.38, a price-to-earnings-growth ratio of 2.36 and a beta of 1.35. The company has a 50 day moving average price of $352.74 and a 200 day moving average price of $328.62. The company has a current ratio of 0.98, a quick ratio of 0.67 and a debt-to-equity ratio of 0.96.

GE Aerospace (NYSE:GE) last announced its quarterly earnings data on Thursday, July 16th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.16. GE Aerospace had a net margin of 17.72% and a return on equity of 40.56%. The business had revenue of $12.63 billion for the quarter, compared to the consensus estimate of $11.87 billion. During the same quarter in the prior year, the firm posted $1.66 earnings per share. The company’s quarterly revenue was up 21.1% compared to the same quarter last year. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. On average, sell-side analysts expect that GE Aerospace will post 7.91 EPS for the current year.

GE Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Monday, July 6th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Monday, July 6th. GE Aerospace’s dividend payout ratio (DPR) is 22.14%.

Insider Buying and Selling

In related news, SVP Mohamed Ali sold 8,096 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $7,309,770.86. This represents a 28.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.19% of the company’s stock.

Institutional Trading of GE Aerospace

Hedge funds and other institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System raised its holdings in shares of GE Aerospace by 36,799.0% in the 2nd quarter. California State Teachers Retirement System now owns 594,835,395 shares of the company’s stock worth $222,307,832,000 after purchasing an additional 593,223,330 shares in the last quarter. Auto Owners Insurance Co increased its position in GE Aerospace by 52,247.5% during the fourth quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company’s stock worth $2,024,413,000 after buying an additional 65,595,733 shares during the last quarter. Geode Capital Management LLC raised its position in shares of GE Aerospace by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 24,774,942 shares of the company’s stock valued at $7,615,200,000 after purchasing an additional 312,880 shares during the period. Norges Bank acquired a new position in shares of GE Aerospace during the 4th quarter worth about $4,444,736,000. Finally, Jennison Associates LLC grew its position in GE Aerospace by 37.7% in the 1st quarter. Jennison Associates LLC now owns 11,026,006 shares of the company’s stock worth $3,128,850,000 after purchasing an additional 3,017,937 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

About GE Aerospace

GE Aerospace (NYSE:GE) is a global aerospace company that designs, develops, manufactures and services aircraft engines and related systems. Its portfolio serves commercial aviation, military and defense, business and general aviation, and other aerospace markets.

The company’s products and services include commercial and military aircraft engines, integrated engine systems, avionics, mechanical systems and digital solutions. GE Aerospace also provides maintenance, repair, overhaul, spare parts, technical support and other lifecycle services for aircraft propulsion and related equipment.

GE Aerospace traces its roots to the aviation activities of General Electric, which began developing aircraft engines during World War I.