GE Aerospace (NYSE:GE) Upgraded at BNP Paribas

BNP Paribas upgraded shares of GE Aerospace (NYSE:GE) to a strong sell rating in a research note published on Tuesday morning,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Wells Fargo & Company lifted their price target on GE Aerospace from $34.00 to $38.00 in a research report on Wednesday, July 23rd. Barclays raised their price objective on shares of GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Wall Street Zen upgraded shares of GE Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. UBS Group set a $366.00 price target on shares of GE Aerospace and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $350.00 price target on shares of GE Aerospace in a research report on Wednesday, October 8th. Fifteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $301.27.

GE Aerospace Trading Down 3.2%

Shares of GE Aerospace stock opened at $291.09 on Tuesday. The stock has a market cap of $307.05 billion, a PE ratio of 38.86, a price-to-earnings-growth ratio of 3.09 and a beta of 1.56. The firm has a fifty day moving average price of $301.34 and a 200 day moving average price of $270.53. GE Aerospace has a 1 year low of $159.36 and a 1 year high of $316.67. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.08 and a quick ratio of 0.76.

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

GE Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Monday, September 29th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. GE Aerospace’s dividend payout ratio is presently 19.23%.

Insider Activity at GE Aerospace

In other news, SVP Russell Stokes sold 8,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $44,785,706.14. This trade represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.21% of the stock is owned by company insiders.

Institutional Trading of GE Aerospace

Hedge funds have recently bought and sold shares of the business. Centaurus Financial Inc. grew its stake in shares of GE Aerospace by 6.9% in the 3rd quarter. Centaurus Financial Inc. now owns 12,204 shares of the company’s stock valued at $3,671,000 after buying an additional 790 shares during the period. Caerus Investment Advisors LLC purchased a new stake in shares of GE Aerospace during the 3rd quarter valued at approximately $1,145,000. First Commonwealth Financial Corp PA increased its position in shares of GE Aerospace by 2.2% during the 3rd quarter. First Commonwealth Financial Corp PA now owns 1,694 shares of the company’s stock worth $509,000 after purchasing an additional 37 shares during the last quarter. Sunbelt Securities Inc. lifted its position in GE Aerospace by 14.3% in the third quarter. Sunbelt Securities Inc. now owns 5,162 shares of the company’s stock valued at $1,553,000 after buying an additional 646 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of GE Aerospace by 4.1% in the 3rd quarter. Captrust Financial Advisors now owns 96,022 shares of the company’s stock worth $28,885,000 after acquiring an additional 3,822 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

GE Aerospace Company Profile

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.