General Dynamics (NYSE:GD) Raised to “Strong-Buy” at BNP Paribas

General Dynamics (NYSE:GD) was upgraded by BNP Paribas to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other brokerages also recently weighed in on GD. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a report on Wednesday, October 8th. Wolfe Research lifted their target price on General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Wall Street Zen raised General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Argus upped their target price on General Dynamics from $345.00 to $380.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Robert W. Baird set a $390.00 price target on shares of General Dynamics in a report on Monday, October 27th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, General Dynamics presently has a consensus rating of “Moderate Buy” and an average price target of $358.10.

General Dynamics Stock Performance

General Dynamics stock traded down $2.58 on Tuesday, reaching $340.48. 349,420 shares of the stock were exchanged, compared to its average volume of 1,327,879. The stock has a market cap of $91.97 billion, a PE ratio of 22.10, a PEG ratio of 2.05 and a beta of 0.46. The firm has a fifty day moving average price of $338.10 and a two-hundred day moving average price of $311.28. General Dynamics has a twelve month low of $239.20 and a twelve month high of $360.50. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.69 by $0.19. The business had revenue of $12.91 billion during the quarter, compared to analysts’ expectations of $12.49 billion. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The firm’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Sell-side analysts anticipate that General Dynamics will post 14.83 EPS for the current year.

Insider Activity at General Dynamics

In related news, Director Mark Malcolm sold 3,220 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the completion of the sale, the director directly owned 10,186 shares of the company’s stock, valued at $3,355,777.70. This trade represents a 24.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Christopher J. Brady sold 8,150 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $321.18, for a total value of $2,617,617.00. Following the completion of the sale, the vice president owned 22,818 shares of the company’s stock, valued at approximately $7,328,685.24. This trade represents a 26.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 12,580 shares of company stock worth $4,064,484 over the last three months. 1.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Dunhill Financial LLC lifted its stake in shares of General Dynamics by 620.0% during the third quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 62 shares during the period. Halbert Hargrove Global Advisors LLC acquired a new position in General Dynamics during the 3rd quarter valued at about $26,000. Louisbourg Investments Inc. acquired a new stake in shares of General Dynamics during the 3rd quarter worth approximately $27,000. Quarry LP raised its stake in shares of General Dynamics by 783.3% during the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after buying an additional 94 shares during the last quarter. Finally, Redmont Wealth Advisors LLC acquired a new position in General Dynamics in the third quarter valued at approximately $30,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Company Profile

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.