General Dynamics Corporation (NYSE:GD) Receives $315.78 Consensus PT from Analysts

General Dynamics Corporation (NYSE:GD) has received a consensus rating of “Hold” from the twenty-three ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $315.7778.

GD has been the topic of several research reports. TD Cowen lifted their price objective on shares of General Dynamics from $290.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, June 25th. Robert W. Baird increased their price target on shares of General Dynamics from $283.00 to $350.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Seaport Res Ptn raised shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. UBS Group boosted their price objective on shares of General Dynamics from $309.00 to $333.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Finally, Jefferies Financial Group set a $325.00 price target on shares of General Dynamics and gave the stock a “hold” rating in a report on Wednesday, July 9th.

Insider Activity

In other General Dynamics news, EVP Mark Lagrand Burns sold 43,860 shares of the business’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $312.28, for a total transaction of $13,696,600.80. Following the sale, the executive vice president owned 39,875 shares in the company, valued at approximately $12,452,165. The trade was a 52.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Phebe N. Novakovic sold 129,090 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the completion of the transaction, the chief executive officer owned 769,607 shares in the company, valued at approximately $241,325,666.99. This trade represents a 14.36% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 275,020 shares of company stock valued at $86,414,503. 1.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On General Dynamics

A number of institutional investors have recently modified their holdings of the stock. Rialto Wealth Management LLC lifted its holdings in General Dynamics by 213.8% in the first quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 62 shares during the period. Inlight Wealth Management LLC purchased a new position in General Dynamics in the first quarter valued at $26,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of General Dynamics in the first quarter worth about $27,000. Quarry LP boosted its stake in shares of General Dynamics by 783.3% during the 1st quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 94 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC grew its position in shares of General Dynamics by 80.3% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 49 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $343.76 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. The stock’s fifty day moving average price is $321.91 and its 200-day moving average price is $294.12. The firm has a market cap of $92.47 billion, a P/E ratio of 23.07, a P/E/G ratio of 2.09 and a beta of 0.47. General Dynamics has a 12 month low of $239.20 and a 12 month high of $345.22.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.27. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The company had revenue of $13.04 billion for the quarter, compared to analysts’ expectations of $12.13 billion. During the same period in the prior year, the business earned $3.26 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, equities research analysts expect that General Dynamics will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s dividend payout ratio is currently 40.27%.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.