GE Aerospace (NYSE:GE) Trading Down 1.1% on Insider Selling

GE Aerospace (NYSE:GE)’s share price was down 1.1% during trading on Friday after an insider sold shares in the company. The stock traded as low as $284.04 and last traded at $287.29. Approximately 5,591,596 shares were traded during mid-day trading, an increase of 3% from the average daily volume of 5,411,062 shares. The stock had previously closed at $290.62.

Specifically, 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 transaction of $2,381,680.00. Following the completion of the transaction, the senior vice president owned 150,434 shares of the company’s stock, valued at approximately $44,785,706.14. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GE. UBS Group set a $366.00 price objective on shares of GE Aerospace and gave the company a “buy” rating in a research note on Wednesday, October 22nd. TD Cowen lifted their target price on GE Aerospace from $300.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. The Goldman Sachs Group upped their price target on GE Aerospace from $271.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Royal Bank Of Canada raised their price objective on GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, BNP Paribas Exane assumed coverage on GE Aerospace in a report on Tuesday. They set an “underperform” rating for the company. Fifteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $301.27.

GE Aerospace Trading Down 1.1%

The firm has a fifty day moving average of $301.45 and a 200-day moving average of $271.08. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.76 and a current ratio of 1.08. The stock has a market capitalization of $303.04 billion, a price-to-earnings ratio of 38.36, a P/E/G ratio of 3.09 and a beta of 1.56.

GE Aerospace (NYSE:GE) last issued its 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. GE Aerospace had a return on equity of 34.01% and a net margin of 18.34%.The company had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $10.29 billion. During the same quarter in the prior year, the business earned $1.15 earnings per share. The company’s revenue 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. As a group, equities analysts predict that GE Aerospace will post 5.4 earnings per share for the current fiscal year.

GE Aerospace Announces Dividend

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

Hedge Funds Weigh In On GE Aerospace

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GE. CIBC Bancorp USA Inc. purchased a new stake in shares of GE Aerospace during the third quarter worth about $285,263,000. Tcfg Wealth Management LLC grew its stake in GE Aerospace by 4.8% during the 3rd quarter. Tcfg Wealth Management LLC now owns 1,658 shares of the company’s stock valued at $499,000 after purchasing an additional 76 shares in the last quarter. Maple Capital Management Inc. increased its holdings in GE Aerospace by 7.8% during the 3rd quarter. Maple Capital Management Inc. now owns 82,380 shares of the company’s stock worth $24,782,000 after purchasing an additional 5,928 shares during the last quarter. Blue Fin Capital Inc. acquired a new position in shares of GE Aerospace in the 3rd quarter valued at approximately $206,000. Finally, Oarsman Capital Inc. boosted its stake in shares of GE Aerospace by 24.7% during the 3rd quarter. Oarsman Capital Inc. now owns 1,211 shares of the company’s stock valued at $364,000 after buying an additional 240 shares during the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

About GE Aerospace

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.