General Dynamics Corporation (NYSE:GD) Receives $411.58 Average Target Price from Analysts
by Doug Wharley · The Cerbat GemShares of General Dynamics Corporation (NYSE:GD – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $411.5789.
GD has been the topic of a number of recent research reports. TD Cowen boosted their price objective on General Dynamics from $390.00 to $420.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Morgan Stanley raised their target price on General Dynamics from $435.00 to $465.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $384.00 price target on shares of General Dynamics in a report on Thursday, July 30th. Sanford C. Bernstein reissued a “market perform” rating and set a $421.00 price target on shares of General Dynamics in a research report on Monday, August 10th. Finally, Weiss Ratings raised shares of General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st.
Check Out Our Latest Stock Report on General Dynamics
Insider Buying and Selling
In related news, CEO Phebe N. Novakovic sold 51,568 shares of the stock in a transaction that occurred 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Marguerite Gilliland sold 43,180 shares of General Dynamics stock in a transaction on Friday, July 31st. The shares were 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 owned 44,767 shares in the company, valued at $16,923,716.68. This represents a 49.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.40% of the stock is owned by company insiders.
Hedge Funds Weigh In On General Dynamics
Several large investors have recently made changes to their positions in GD. Talon Private Wealth LLC boosted its position in shares of General Dynamics by 8.0% during the 2nd quarter. Talon Private Wealth LLC now owns 8,138 shares of the aerospace company’s stock worth $2,883,000 after purchasing an additional 603 shares during the period. Core Capital Management & Research inc. purchased a new stake in General Dynamics in the second quarter valued at approximately $314,000. Sequoia Financial Advisors LLC lifted its stake in General Dynamics by 9.4% during the second quarter. Sequoia Financial Advisors LLC now owns 55,163 shares of the aerospace company’s stock worth $19,541,000 after purchasing an additional 4,734 shares in the last quarter. MCF Advisors LLC boosted its position in shares of General Dynamics by 10.8% during the second quarter. MCF Advisors LLC now owns 3,265 shares of the aerospace company’s stock worth $1,157,000 after buying an additional 318 shares during the period. Finally, Archford Capital Strategies LLC grew its stake in shares of General Dynamics by 27.9% in the second quarter. Archford Capital Strategies LLC now owns 10,407 shares of the aerospace company’s stock valued at $3,687,000 after buying an additional 2,269 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.
General Dynamics Stock Up 0.5%
Shares of NYSE GD opened at $360.31 on Friday. The stock has a market cap of $97.49 billion, a PE ratio of 21.98, a P/E/G ratio of 2.07 and a beta of 0.32. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. General Dynamics has a 12-month low of $306.77 and a 12-month high of $400.00. The company has a 50-day moving average of $376.85 and a 200 day moving average of $357.81.
General Dynamics (NYSE:GD – Get Free Report) last issued its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.28. The business had revenue of $14.09 billion for the quarter, compared to analysts’ expectations of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, sell-side analysts predict that General Dynamics will post 16.99 EPS for the current fiscal year.
General Dynamics Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be paid a $1.59 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 annualized dividend and a dividend yield of 1.8%. General Dynamics’s dividend 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.
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