GE Aerospace (NYSE:GE) Stock Price Down 2% – Should You Sell?

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

Analyst Upgrades and Downgrades

GE has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price target on shares of GE Aerospace from $335.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Wells Fargo & Company restated an “overweight” rating and set a $390.00 price target on shares of GE Aerospace in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $450.00 price target on shares of GE Aerospace in a report on Monday, July 27th. Melius Research set a $350.00 price objective on GE Aerospace and gave the company a “hold” rating in a research report on Monday. Finally, Citigroup reaffirmed a “buy” rating and issued a $431.00 target price (up from $353.00) on shares of GE Aerospace in a research report on Wednesday, July 1st. Sixteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $388.33.

GE Aerospace Stock Down 3.2%

The stock has a market capitalization of $318.84 billion, a P/E ratio of 36.20, a P/E/G ratio of 2.32 and a beta of 1.35. The firm’s fifty day moving average is $350.33 and its 200-day moving average is $328.16. 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 released its quarterly earnings results on Thursday, July 16th. The company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.16. GE Aerospace had a return on equity of 40.56% and a net margin of 17.72%.The firm had revenue of $12.63 billion during the quarter, compared to analysts’ expectations of $11.87 billion. During the same period last year, the firm posted $1.66 EPS. The business’s revenue was up 21.1% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.650-7.850 EPS. As a group, equities research analysts predict that GE Aerospace will post 7.91 earnings per share for the current year.

GE Aerospace Dividend Announcement

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

Insider Activity

In other news, SVP Mohamed Ali sold 8,096 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $353.71, for a total transaction of $2,863,636.16. Following the transaction, the senior vice president directly owned 20,666 shares in the company, valued at approximately $7,309,770.86. This represents a 28.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Auto Owners Insurance Co boosted its holdings in GE Aerospace by 52,247.5% in the fourth quarter. Auto Owners Insurance Co now owns 65,721,281 shares of the company’s stock valued at $2,024,413,000 after acquiring an additional 65,595,733 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of GE Aerospace by 1.3% in the 4th 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 last quarter. Norges Bank acquired a new stake in shares of GE Aerospace during the 4th quarter worth approximately $4,444,736,000. Jennison Associates LLC raised its stake in shares of GE Aerospace by 37.7% during the first quarter. Jennison Associates LLC now owns 11,026,006 shares of the company’s stock worth $3,128,850,000 after buying an additional 3,017,937 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in GE Aerospace by 2.1% in the fourth quarter. Invesco Ltd. now owns 9,280,276 shares of the company’s stock valued at $2,858,604,000 after buying an additional 189,979 shares during the period. 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.