Wolfe Research Issues Positive Forecast for GE Aerospace (NYSE:GE) Stock Price

GE Aerospace (NYSE:GEFree Report) had its price objective raised by Wolfe Research from $340.00 to $360.00 in a research report report published on Monday morning,MarketScreener reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts have also weighed in on the stock. BNP Paribas upgraded shares of GE Aerospace to a “strong sell” rating in a research report on Tuesday, November 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $350.00 price target on shares of GE Aerospace in a research report on Wednesday, October 8th. Wall Street Zen downgraded GE Aerospace from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. The Goldman Sachs Group boosted their price objective on GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of GE Aerospace in a research note on Wednesday, October 8th. Sixteen analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $314.00.

Read Our Latest Report on GE Aerospace

GE Aerospace Price Performance

Shares of NYSE:GE traded up $0.87 during trading on Monday, reaching $319.75. The stock had a trading volume of 3,968,119 shares, compared to its average volume of 4,299,730. 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 $332.79. The stock has a market cap of $337.28 billion, a PE ratio of 42.69, a PEG ratio of 2.24 and a beta of 1.40. The business has a fifty day moving average price of $304.33 and a 200-day moving average price of $289.32.

GE Aerospace (NYSE:GEGet Free Report) last announced its earnings results on Tuesday, October 21st. The company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.20. GE Aerospace had a net margin of 18.34% and a return on equity of 34.01%. The company had revenue of $11.31 billion for the quarter, compared to analysts’ expectations of $10.29 billion. During the same quarter in the previous year, the company posted $1.15 EPS. The firm’s quarterly revenue was up 26.4% on a year-over-year basis. GE Aerospace has set its FY 2025 guidance at 6.000-6.200 EPS. On average, equities analysts forecast that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

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

Insider Activity

In other news, SVP Russell Stokes sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $297.71, for a total value of $2,381,680.00. Following the transaction, the senior vice president directly owned 150,434 shares in the company, valued at approximately $44,785,706.14. This represents a 5.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.21% of the company’s stock.

Institutional Trading of GE Aerospace

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. REAP Financial Group LLC acquired a new position in GE Aerospace during the 3rd quarter worth about $25,000. Marquette Asset Management LLC purchased a new stake in GE Aerospace during the third quarter worth about $26,000. Barnes Dennig Private Wealth Management LLC lifted its position in shares of GE Aerospace by 147.2% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 89 shares of the company’s stock worth $27,000 after purchasing an additional 53 shares in the last quarter. Bare Financial Services Inc boosted its stake in shares of GE Aerospace by 81.1% in the second quarter. Bare Financial Services Inc now owns 96 shares of the company’s stock valued at $25,000 after purchasing an additional 43 shares during the period. Finally, Roble Belko & Company Inc boosted its stake in shares of GE Aerospace by 98.1% in the third quarter. Roble Belko & Company Inc now owns 103 shares of the company’s stock valued at $31,000 after purchasing an additional 51 shares during the period. Hedge funds and other institutional investors own 74.77% of the company’s stock.

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About GE Aerospace

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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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