GE Aerospace (GE) Stock: Why Did a Congressman Just Dump Shares?

By: María Fernández Published On: 25/08/2025

Finance Finance Finance Finance Finance

Representative Austin Scott (R-Georgia) recently sold shares of GE Aerospace (NYSE:GE), raising eyebrows among investors. According to a filing disclosed on August 13th, Scott sold between $1,001 and $15,000 worth of GE Aerospace stock on June 16th. The transaction was executed within the Representative's "VIVIEN G SCOTT IRA" account.

This isn't the only recent transaction by Rep. Scott involving GE-related stocks. The filing also revealed the following sales:

Sold $1,001 - $15,000 in shares of GE Vernova (NYSE: GEV) on June 16th, 2025.
Sold $1,001 - $15,000 in shares of GE Aerospace (NYSE: GE) on May 23rd, 2025.
Sold $1,001 - $15,000 in shares of GE Vernova (NYSE: GEV) on May 23rd, 2025.

These multiple sales suggest a potential shift in Rep. Scott's investment strategy regarding GE and its related entities. While the exact reasons behind the sales remain undisclosed, they come at a time when GE Aerospace has been performing well.

In its most recent earnings report, GE Aerospace announced earnings per share (EPS) of $1.66, surpassing analyst expectations of $1.43. The company also reported a revenue of $10.15 billion. This positive financial performance has led several analysts to raise their price targets for GE Aerospace. Barclays increased its target to $295.00, and Royal Bank of Canada raised theirs to $300.00.

Despite the positive analyst sentiment and strong earnings, the news of Rep. Scott's stock sales may give some investors pause. On Friday, shares of GE traded down $1.9420, reaching $266.7680. However, trading volume was higher than average, with 5,226,236 shares changing hands compared to the average volume of 4,185,270.

GE Aerospace currently has a market capitalization of $282.89 billion. Its 52-week low is $159.36, and its 52-week high is $281.50. The company's 50-day moving average price is $259.88, and its 200-day moving average price is $226.54.

What Does This Mean for Investors?

The sale of shares by a member of Congress doesn't automatically signal a negative outlook for a company. However, it's crucial for investors to stay informed and consider all available information when making investment decisions. It remains to be seen if this is an isolated case of portfolio diversification or a reflection of something else.