GE Aerospace (NYSE:GE) Hits New 52-Week High – Here’s What Happened

Shares of GE Aerospace (NYSE:GE) reached a new 52-week high on Monday . The stock traded as high as $348.90 and last traded at $345.9360, with a volume of 924607 shares traded. The stock had previously closed at $335.30.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GE. President Capital cut their target price on GE Aerospace from $355.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, April 22nd. Wells Fargo & Company initiated coverage on shares of GE Aerospace in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $325.00 price target on the stock. BNP Paribas Exane reduced their price objective on shares of GE Aerospace from $300.00 to $270.00 and set an “underperform” rating on the stock in a research note on Thursday, May 14th. Weiss Ratings cut shares of GE Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 1st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $355.00 target price on shares of GE Aerospace in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, GE Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $348.22.

GE Aerospace Stock Performance

The stock’s 50 day moving average price is $305.92 and its 200 day moving average price is $308.18. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $372.31 billion, a price-to-earnings ratio of 43.95, a P/E/G ratio of 3.03 and a beta of 1.37.

GE Aerospace (NYSE:GE) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.26. GE Aerospace had a net margin of 17.86% and a return on equity of 37.99%. The company had revenue of $11.61 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the prior year, the business posted $1.49 EPS. The company’s quarterly revenue was up 24.6% on a year-over-year basis. GE Aerospace has set its FY 2026 guidance at 7.100-7.400 EPS. Analysts expect that GE Aerospace will post 7.48 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. PVG Asset Management Corp raised its holdings in GE Aerospace by 278.7% in the 1st quarter. PVG Asset Management Corp now owns 8,221 shares of the company’s stock valued at $2,333,000 after acquiring an additional 6,050 shares during the period. S&A Financial Services Inc. bought a new position in GE Aerospace in the 1st quarter valued at about $230,000. LFG Wealth Partners LLC raised its holdings in GE Aerospace by 4.8% in the 1st quarter. LFG Wealth Partners LLC now owns 2,794 shares of the company’s stock valued at $793,000 after acquiring an additional 129 shares during the period. Wealthquest Corp raised its holdings in GE Aerospace by 4.1% in the 1st quarter. Wealthquest Corp now owns 5,417 shares of the company’s stock valued at $1,537,000 after acquiring an additional 211 shares during the period. Finally, DV Trading LLC raised its holdings in GE Aerospace by 990.9% in the 1st quarter. DV Trading LLC now owns 1,320 shares of the company’s stock valued at $375,000 after acquiring an additional 1,199 shares during the period. 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.