General Dynamics (NYSE:GD) Price Target Cut to $380.00 by Analysts at Citigroup

General Dynamics (NYSE:GD) had its target price reduced by equities researchers at Citigroup from $389.00 to $380.00 in a report released on Wednesday,MarketScreener reports. The firm presently has a “neutral” rating on the aerospace company’s stock. Citigroup’s target price indicates a potential upside of 7.74% from the company’s previous close.

A number of other research firms have also recently commented on GD. Wells Fargo & Company assumed coverage on shares of General Dynamics in a research note on Wednesday. They set an “overweight” rating and a $400.00 target price on the stock. Bank of America reissued a “buy” rating and issued a $400.00 price objective on shares of General Dynamics in a research note on Friday, January 30th. Wall Street Zen downgraded shares of General Dynamics from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. BNP Paribas Exane lowered their target price on shares of General Dynamics from $420.00 to $410.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Finally, TD Cowen upped their target price on shares of General Dynamics from $370.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $384.42.

General Dynamics Stock Performance

GD traded up $9.47 during midday trading on Wednesday, reaching $352.69. The company had a trading volume of 268,420 shares, compared to its average volume of 1,408,099. The business has a 50-day moving average of $353.79 and a two-hundred day moving average of $345.95. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.27. General Dynamics has a 1 year low of $239.20 and a 1 year high of $369.70. The company has a market cap of $95.53 billion, a P/E ratio of 22.82, a P/E/G ratio of 2.03 and a beta of 0.39.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share for the quarter, beating analysts’ consensus estimates of $4.11 by $0.06. The firm had revenue of $14.38 billion for the quarter, compared to analysts’ expectations of $13.77 billion. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $4.15 EPS. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. As a group, equities research analysts predict that General Dynamics will post 14.83 earnings per share for the current fiscal year.

Insider Activity at General Dynamics

In related news, CEO Phebe N. Novakovic sold 32,918 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $354.09, for a total transaction of $11,655,934.62. Following the completion of the transaction, the chief executive officer owned 766,457 shares in the company, valued at approximately $271,394,759.13. This represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Mark Rayha sold 4,370 shares of General Dynamics stock in a transaction on Friday, February 13th. The shares were sold at an average price of $348.79, for a total transaction of $1,524,212.30. Following the completion of the sale, the vice president owned 7,936 shares in the company, valued at approximately $2,767,997.44. This represents a 35.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 51,260 shares of company stock worth $18,133,971. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Joule Financial LLC lifted its position in shares of General Dynamics by 4.3% in the fourth quarter. Joule Financial LLC now owns 705 shares of the aerospace company’s stock worth $237,000 after buying an additional 29 shares in the last quarter. Brown Miller Wealth Management LLC grew its holdings in General Dynamics by 0.3% during the 4th quarter. Brown Miller Wealth Management LLC now owns 8,889 shares of the aerospace company’s stock valued at $2,993,000 after buying an additional 29 shares in the last quarter. Crowley Wealth Management Inc. increased its stake in General Dynamics by 1.4% in the 3rd quarter. Crowley Wealth Management Inc. now owns 2,249 shares of the aerospace company’s stock worth $767,000 after acquiring an additional 30 shares during the last quarter. First Financial Bankshares Inc increased its stake in General Dynamics by 2.6% in the 3rd quarter. First Financial Bankshares Inc now owns 1,196 shares of the aerospace company’s stock worth $408,000 after acquiring an additional 30 shares during the last quarter. Finally, Steph & Co. raised its holdings in shares of General Dynamics by 65.2% during the 4th quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Company Profile

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.