GE Aerospace (NYSE:GE) Research Coverage Started at Susquehanna

Susquehanna initiated coverage on shares of GE Aerospace (NYSE:GE) in a research note published on Thursday, MarketBeat.com reports. The brokerage issued a positive rating and a $350.00 price target on the stock.

A number of other equities analysts also recently issued reports on GE. 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 report on Friday, October 10th. Sanford C. Bernstein restated an “outperform” rating on shares of GE Aerospace in a research note on Monday, October 27th. Jefferies Financial Group upped their target price on GE Aerospace from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Royal Bank Of Canada raised their price target on GE Aerospace from $300.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $350.00 price target on shares of GE Aerospace in a research note on Wednesday, October 8th. Sixteen investment 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. Based on data from MarketBeat, GE Aerospace has an average rating of “Moderate Buy” and a consensus price target of $304.31.

GE Aerospace Stock Down 2.8%

Shares of NYSE GE opened at $283.74 on Thursday. GE Aerospace has a 52-week low of $159.36 and a 52-week high of $316.67. The firm has a market capitalization of $299.29 billion, a price-to-earnings ratio of 37.88, a PEG ratio of 2.21 and a beta of 1.40. The stock has a 50 day moving average price of $300.52 and a 200 day moving average price of $276.32. 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 (NYSE:GE) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.66 EPS 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 for the quarter, compared to the consensus estimate of $10.29 billion. During the same period last year, the business posted $1.15 EPS. GE Aerospace’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. Sell-side analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Dividend Announcement

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

Insider Buying and Selling

In related news, SVP Russell Stokes sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $297.71, for a total value of $2,381,680.00. Following the sale, the senior vice president owned 150,434 shares in the company, valued at $44,785,706.14. This represents a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Institutional Trading of GE Aerospace

Several institutional investors and hedge funds have recently bought and sold shares of the business. Allworth Financial LP increased its stake in shares of GE Aerospace by 39.2% in the third quarter. Allworth Financial LP now owns 71,433 shares of the company’s stock worth $21,488,000 after acquiring an additional 20,125 shares during the period. IFP Advisors Inc boosted its holdings in GE Aerospace by 19.4% in the third quarter. IFP Advisors Inc now owns 14,479 shares of the company’s stock valued at $4,356,000 after purchasing an additional 2,351 shares during the last quarter. Swiss Life Asset Management Ltd boosted its holdings in GE Aerospace by 5.1% in the third quarter. Swiss Life Asset Management Ltd now owns 435,729 shares of the company’s stock valued at $131,076,000 after purchasing an additional 21,314 shares during the last quarter. Steadtrust LLC grew its position in GE Aerospace by 36.9% during the 3rd quarter. Steadtrust LLC now owns 1,264 shares of the company’s stock worth $380,000 after purchasing an additional 341 shares during the period. Finally, Groupama Asset Managment raised its stake in shares of GE Aerospace by 56.0% during the 3rd quarter. Groupama Asset Managment now owns 17,411 shares of the company’s stock valued at $5,238,000 after buying an additional 6,250 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

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.