General Dynamics Corporation (NYSE:GD) Receives $411.58 Average Price Target from Brokerages

Shares of General Dynamics Corporation (NYSE:GD) have been given an average rating of “Moderate Buy” by the nineteen analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $411.5789.

GD has been the subject of several research reports. Wall Street Zen cut shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. BNP Paribas Exane lifted their target price on shares of General Dynamics from $390.00 to $430.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Susquehanna boosted their target price on shares of General Dynamics from $420.00 to $455.00 and gave the company a “positive” rating in a research note on Thursday, July 30th. Citigroup increased their price target on General Dynamics from $364.00 to $404.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Finally, Wells Fargo & Company raised their price target on General Dynamics from $400.00 to $440.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th.

Insider Buying and Selling

In other news, EVP Marguerite Gilliland sold 43,180 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $378.04, for a total value of $16,323,767.20. Following the completion of the sale, the executive vice president directly owned 44,767 shares in the company, valued at $16,923,716.68. This represents a 49.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Phebe N. Novakovic sold 51,568 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $382.58, for a total value of $19,728,885.44. Following the completion of the transaction, the chief executive officer directly owned 766,457 shares in the company, valued at approximately $293,231,119.06. This represents a 6.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.40% of the stock is currently owned by corporate insiders.

Institutional Trading of General Dynamics

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of General Dynamics in the second quarter worth approximately $6,840,590,000. State Street Corp increased its stake in General Dynamics by 2.7% in the 4th quarter. State Street Corp now owns 11,323,170 shares of the aerospace company’s stock worth $3,812,058,000 after buying an additional 294,456 shares in the last quarter. Bank of America Corp DE bought a new stake in General Dynamics during the second quarter valued at about $2,603,527,000. Geode Capital Management LLC boosted its stake in shares of General Dynamics by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 6,065,462 shares of the aerospace company’s stock worth $2,039,742,000 after acquiring an additional 195,604 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of General Dynamics by 2.2% during the fourth quarter. JPMorgan Chase & Co. now owns 5,307,389 shares of the aerospace company’s stock worth $1,786,786,000 after purchasing an additional 114,647 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Down 0.9%

General Dynamics stock opened at $352.61 on Friday. General Dynamics has a one year low of $306.77 and a one year high of $400.00. The business’s fifty day moving average is $376.05 and its 200 day moving average is $357.77. The stock has a market capitalization of $95.40 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 2.05 and a beta of 0.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.96 by $0.28. The business had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.General Dynamics’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. On average, sell-side analysts predict that General Dynamics will post 16.99 EPS for the current year.

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be given a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, October 9th. General Dynamics’s payout ratio is 38.80%.

General Dynamics Company Profile

General Dynamics Corporation (NYSE:GD) is an aerospace and defense company that develops and delivers products and services for government and commercial customers. Its operations are organized across four principal business areas: Aerospace, Marine Systems, Combat Systems and Technologies.

Through its Aerospace business, General Dynamics manufactures Gulfstream business jets and provides aircraft maintenance, repair and refurbishment services. Its Marine Systems businesses design and build nuclear-powered submarines and surface ships, while Combat Systems produces military vehicles, weapons systems and munitions.