Analysts Set General Dynamics Corporation (NYSE:GD) Price Target at $358.10

General Dynamics Corporation (NYSE:GD) has earned an average recommendation of “Moderate Buy” from the twenty-eight brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $358.25.

A number of research analysts have recently commented on GD shares. Wall Street Zen raised General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Argus upped their price objective on shares of General Dynamics from $345.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. Citigroup assumed coverage on shares of General Dynamics in a research report on Thursday, December 11th. They set a “neutral” rating and a $371.00 target price for the company. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research report on Wednesday, October 8th. Finally, 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.

Institutional Trading of General Dynamics

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Truist Financial Corp boosted its holdings in shares of General Dynamics by 0.5% during the 2nd quarter. Truist Financial Corp now owns 286,456 shares of the aerospace company’s stock valued at $83,548,000 after buying an additional 1,370 shares in the last quarter. Pure Financial Advisors LLC lifted its position in General Dynamics by 52.4% during the 2nd quarter. Pure Financial Advisors LLC now owns 9,181 shares of the aerospace company’s stock valued at $2,678,000 after acquiring an additional 3,156 shares during the period. Los Angeles Capital Management LLC lifted its position in General Dynamics by 20.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 299,137 shares of the aerospace company’s stock valued at $87,246,000 after acquiring an additional 51,655 shares during the period. Silver Coast Investments LLC purchased a new stake in General Dynamics in the second quarter worth about $218,000. Finally, Alteri Wealth LLC increased its stake in shares of General Dynamics by 12.9% during the second quarter. Alteri Wealth LLC now owns 2,086 shares of the aerospace company’s stock valued at $608,000 after purchasing an additional 239 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Stock Down 0.3%

General Dynamics stock opened at $336.44 on Thursday. The firm has a 50 day moving average price of $340.67 and a 200-day moving average price of $320.11. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29. General Dynamics has a twelve month low of $239.20 and a twelve month high of $360.50. The company has a market capitalization of $90.88 billion, a P/E ratio of 21.80, a P/E/G ratio of 1.68 and a beta of 0.40.

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

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 16th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, January 16th. General Dynamics’s dividend payout ratio (DPR) is presently 38.89%.

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.