General Dynamics (NYSE:GD) Price Target Raised to $380.00

General Dynamics (NYSE:GD) had its price target raised by Argus from $345.00 to $380.00 in a research note released on Wednesday morning,MarketScreener reports. They currently have a buy rating on the aerospace company’s stock.

Several other equities research analysts have also issued reports on the stock. Vertical Research upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price target on the stock in a research note on Monday, October 27th. Barclays raised their price objective on General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. BNP Paribas Exane assumed coverage on General Dynamics in a report on Tuesday. They set an “outperform” rating and a $410.00 target price on the stock. Bank of America raised their price target on General Dynamics from $370.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Finally, Citigroup boosted their price target on General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, General Dynamics presently has a consensus rating of “Moderate Buy” and a consensus target price of $358.10.

General Dynamics Stock Up 0.3%

Shares of General Dynamics stock opened at $340.31 on Wednesday. The firm has a market cap of $91.92 billion, a PE ratio of 22.06, a P/E/G ratio of 2.05 and a beta of 0.46. The business’s 50 day simple moving average is $338.58 and its 200 day simple moving average is $311.96. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. General Dynamics has a 52-week low of $239.20 and a 52-week high of $360.50.

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

Insider Buying and Selling

In other news, Director Mark Malcolm sold 3,220 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $329.45, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Christopher J. Brady sold 8,150 shares of General Dynamics stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $321.18, for a total value of $2,617,617.00. Following the transaction, the vice president owned 22,818 shares of the company’s stock, valued at $7,328,685.24. This represents a 26.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On General Dynamics

Large investors have recently modified their holdings of the stock. CIBC Bancorp USA Inc. bought a new stake in shares of General Dynamics during the 3rd quarter worth about $12,789,000. Ariadne Wealth Management LP lifted its position in General Dynamics by 6.7% during the third quarter. Ariadne Wealth Management LP now owns 1,101 shares of the aerospace company’s stock worth $379,000 after acquiring an additional 69 shares during the last quarter. Kensington Investment Counsel LLC boosted its holdings in shares of General Dynamics by 2.1% during the third quarter. Kensington Investment Counsel LLC now owns 18,189 shares of the aerospace company’s stock worth $6,202,000 after acquiring an additional 376 shares during the period. Centaurus Financial Inc. grew its position in shares of General Dynamics by 5.6% in the third quarter. Centaurus Financial Inc. now owns 2,910 shares of the aerospace company’s stock valued at $992,000 after purchasing an additional 154 shares during the last quarter. Finally, Caerus Investment Advisors LLC bought a new position in shares of General Dynamics during the third quarter worth approximately $1,086,000. 86.14% of the stock is owned by institutional investors.

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.