General Dynamics (NYSE:GD) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of General Dynamics (NYSE:GD) from a buy rating to a hold rating in a research report sent to investors on Saturday.

GD has been the topic of several other research reports. Morgan Stanley upped their price objective on shares of General Dynamics from $408.00 to $410.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. BNP Paribas Exane dropped their target price on shares of General Dynamics from $420.00 to $410.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. JPMorgan Chase & Co. upped their price target on shares of General Dynamics from $380.00 to $385.00 and gave the company an “overweight” rating in a research note on Friday, December 19th. UBS Group set a $393.00 price target on shares of General Dynamics in a report on Thursday. Finally, Citigroup boosted their price objective on shares of General Dynamics from $371.00 to $389.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $375.47.

General Dynamics Stock Performance

Shares of GD opened at $346.66 on Friday. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 0.27. The firm has a market cap of $93.64 billion, a PE ratio of 22.44, a P/E/G ratio of 1.83 and a beta of 0.41. General Dynamics has a 12 month low of $239.20 and a 12 month high of $369.70. The stock has a fifty day moving average price of $347.94 and a 200-day moving average price of $335.55.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share for the quarter, topping the consensus estimate of $4.11 by $0.06. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.The firm had revenue of $14.38 billion for the quarter, compared to the consensus estimate of $13.77 billion. During the same period in the previous year, the business earned $4.15 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. Equities research analysts predict that General Dynamics will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 16th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, January 16th. General Dynamics’s dividend payout ratio is presently 38.83%.

Insider Buying and Selling at General Dynamics

In other news, VP David Paddock sold 20,360 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total value of $6,818,971.20. Following the completion of the transaction, the vice president owned 36,644 shares of the company’s stock, valued at $12,272,808.48. The trade was a 35.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.50% of the company’s stock.

Institutional Trading of General Dynamics

A number of large investors have recently modified their holdings of the stock. Nicholas Hoffman & Company LLC. boosted its holdings in General Dynamics by 9.3% in the fourth quarter. Nicholas Hoffman & Company LLC. now owns 7,994 shares of the aerospace company’s stock valued at $2,691,000 after purchasing an additional 678 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of General Dynamics by 9.0% in the 4th quarter. Principal Financial Group Inc. now owns 306,928 shares of the aerospace company’s stock valued at $103,330,000 after purchasing an additional 25,463 shares during the period. QRG Capital Management Inc. grew its stake in General Dynamics by 302.3% during the 4th quarter. QRG Capital Management Inc. now owns 51,444 shares of the aerospace company’s stock worth $17,319,000 after buying an additional 38,655 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its position in General Dynamics by 52.3% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,569 shares of the aerospace company’s stock worth $1,202,000 after buying an additional 1,226 shares during the period. Finally, Sun Financial Inc acquired a new position in General Dynamics during the fourth quarter worth approximately $517,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

About General Dynamics

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.