GE Aerospace (NYSE:GE) Receives $309.94 Average PT from Brokerages

GE Aerospace (NYSE:GEGet Free Report) has been given an average recommendation of “Moderate Buy” by the twenty ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and sixteen have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $309.9375.

A number of equities research analysts have recently weighed in on GE shares. Susquehanna began coverage on GE Aerospace in a report on Thursday, December 4th. They issued a “positive” rating and a $350.00 price target for the company. UBS Group set a $366.00 price objective on shares of GE Aerospace and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Sanford C. Bernstein reissued an “outperform” rating on shares of GE Aerospace in a report on Monday, October 27th. Citigroup assumed coverage on shares of GE Aerospace in a research report on Thursday, December 11th. They issued a “buy” rating and a $386.00 price target on the stock. Finally, Wolfe Research boosted their price objective on shares of GE Aerospace from $280.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th.

Check Out Our Latest Analysis on GE Aerospace

GE Aerospace Stock Performance

Shares of GE Aerospace stock opened at $307.44 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 $316.67. The firm’s 50-day simple moving average is $299.71 and its 200-day simple moving average is $280.34. The firm has a market cap of $324.29 billion, a PE ratio of 41.05, a price-to-earnings-growth ratio of 2.37 and a beta of 1.40.

GE Aerospace (NYSE:GEGet Free Report) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $1.66 EPS for the quarter, topping 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 business had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. During the same period last year, the firm earned $1.15 earnings per share. The company’s revenue for the quarter was up 26.4% compared to the same quarter last year. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. Equities analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Monday, December 29th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, December 29th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio is 19.23%.

Insider Buying and Selling at GE Aerospace

In related news, SVP Russell Stokes sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was 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 of the company’s stock, valued at approximately $44,785,706.14. This trade represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On GE Aerospace

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC boosted its stake in GE Aerospace by 25.3% during the 4th quarter. Brighton Jones LLC now owns 12,008 shares of the company’s stock valued at $2,003,000 after purchasing an additional 2,421 shares in the last quarter. Revolve Wealth Partners LLC raised its position in GE Aerospace by 7.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,251 shares of the company’s stock worth $375,000 after acquiring an additional 150 shares in the last quarter. GM Advisory Group LLC bought a new position in shares of GE Aerospace during the 1st quarter valued at about $218,000. Dorsey & Whitney Trust CO LLC grew its stake in shares of GE Aerospace by 3.7% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 4,704 shares of the company’s stock worth $942,000 after purchasing an additional 166 shares during the last quarter. Finally, PGIM Custom Harvest LLC raised its holdings in shares of GE Aerospace by 36.6% in the 1st quarter. PGIM Custom Harvest LLC now owns 1,776 shares of the company’s stock worth $355,000 after purchasing an additional 476 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting GE Aerospace

Here are the key news stories impacting GE Aerospace this week:

GE Aerospace Company Profile

(Get Free Report)

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.

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Analyst Recommendations for GE Aerospace (NYSE:GE)

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