GE Aerospace (NYSE:GE) Trading 0.5% Higher - Still a Buy?

Shares of GE Aerospace (NYSE:GE - Get Free Report) were up 0.5% on Monday . The stock traded as high as $201.48 and last traded at $199.43. Approximately 829,776 shares changed hands during trading, a decline of 85% from the average daily volume of 5,379,961 shares. The stock had previously closed at $198.43.

Analyst Ratings Changes

GE has been the topic of a number of recent research reports. Redburn Atlantic initiated coverage on GE Aerospace in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price on the stock. Northcoast Research raised shares of GE Aerospace from a "neutral" rating to a "buy" rating and set a $205.00 price target on the stock in a research report on Wednesday, April 9th. JPMorgan Chase & Co. raised their price objective on GE Aerospace from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on GE Aerospace from $235.00 to $228.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. Finally, Bank of America lifted their price target on GE Aerospace from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, GE Aerospace has an average rating of "Moderate Buy" and an average target price of $216.92.

GE Aerospace Stock Up 0.9 %

The stock has a fifty day simple moving average of $194.36 and a two-hundred day simple moving average of $186.66. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The firm has a market cap of $214.87 billion, a PE ratio of 33.39, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04.

GE Aerospace (NYSE:GE - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.29 by $0.20. The business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $9.06 billion. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. As a group, sell-side analysts expect that GE Aerospace will post 5.4 EPS for the current fiscal year.

GE Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, March 10th were given a $0.36 dividend. The ex-dividend date was Monday, March 10th. This is an increase from GE Aerospace's previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.72%. GE Aerospace's dividend payout ratio is currently 22.40%.

Institutional Investors Weigh In On GE Aerospace

Institutional investors have recently modified their holdings of the business. Copia Wealth Management increased its stake in shares of GE Aerospace by 14,200.0% in the 1st quarter. Copia Wealth Management now owns 143 shares of the company's stock worth $29,000 after purchasing an additional 142 shares in the last quarter. New Age Alpha Advisors LLC raised its holdings in GE Aerospace by 133.3% during the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company's stock valued at $25,000 after buying an additional 84 shares during the period. Hager Investment Management Services LLC bought a new position in GE Aerospace during the 4th quarter valued at about $27,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in GE Aerospace during the 4th quarter valued at about $28,000. Finally, First Pacific Financial increased its holdings in GE Aerospace by 46.0% during the 1st quarter. First Pacific Financial now owns 165 shares of the company's stock worth $33,000 after purchasing an additional 52 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

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.

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