General Dynamics Corporation (NYSE:GD) Stock Has Consensus Target Price of $410.84

Key Points

• Analyst consensus is moderately bullish: Nineteen firms rate General Dynamics “Moderate Buy,” with 12 buy ratings, one strong buy, five holds and one sell. The average 12-month price target is $410.84.
• Quarterly results exceeded expectations: General Dynamics reported $4.24 in earnings per share versus the $3.96 consensus estimate, while revenue reached $14.09 billion, up 8.1% year over year.
• Shareholders received a quarterly dividend: The company declared a $1.59-per-share dividend, equivalent to $6.36 annually and a 1.9% yield, with a payout ratio of 38.8%.

Shares of General Dynamics Corporation (NYSE:GD - Get Free Report) have earned an average rating of "Moderate Buy" from the nineteen research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $410.84.

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group upped their target price on shares of General Dynamics from $400.00 to $440.00 and gave the stock a "buy" rating in a report on Thursday, July 9th. Citigroup boosted their price target on shares of General Dynamics from $364.00 to $404.00 and gave the stock a "neutral" rating in a research report on Thursday, July 30th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of General Dynamics in a research note on Monday, September 28th. Bank of America increased their price objective on shares of General Dynamics from $400.00 to $415.00 and gave the company a "buy" rating in a report on Monday, July 6th. Finally, Morgan Stanley raised their target price on shares of General Dynamics from $435.00 to $465.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th.

General Dynamics Stock Performance

Shares of NYSE:GD opened at $331.53 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96. General Dynamics has a 1 year low of $306.77 and a 1 year high of $400.00. The firm has a market capitalization of $89.70 billion, a PE ratio of 20.23, a P/E/G ratio of 1.91 and a beta of 0.33. The business's 50 day moving average price is $366.69 and its 200-day moving average price is $355.90.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, beating the consensus estimate of $3.96 by $0.28. The firm had revenue of $14.09 billion during the quarter, compared to the consensus estimate of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The firm's revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, equities research analysts expect that General Dynamics will post 16.99 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be given a dividend of $1.59 per share. The ex-dividend date is Friday, October 9th. This represents a $6.36 dividend on an annualized basis and a yield of 1.9%. General Dynamics's dividend payout ratio (DPR) is presently 38.80%.

Insiders Place Their Bets

In other General Dynamics news, Director Robert K. Steel sold 7,440 shares of the business's stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $346.05, for a total transaction of $2,574,612.00. Following the transaction, the director owned 3,096 shares of the company's stock, valued at approximately $1,071,370.80. The trade was a 70.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Marguerite Gilliland sold 43,180 shares of the firm's stock in a transaction on Friday, July 31st. The stock was 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 directly owned 44,767 shares of the company's stock, valued at $16,923,716.68. This trade represents a 49.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 102,188 shares of company stock valued at $38,627,265. Insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On General Dynamics

Several institutional investors and hedge funds have recently bought and sold shares of GD. BlackRock Inc. purchased a new position in General Dynamics in the second quarter worth approximately $6,840,590,000. State Street Corp grew its holdings in shares of General Dynamics by 3.3% during the 2nd quarter. State Street Corp now owns 11,811,099 shares of the aerospace company's stock worth $4,183,964,000 after purchasing an additional 374,682 shares during the period. Bank of America Corp DE acquired a new stake in shares of General Dynamics during the 2nd quarter worth about $2,603,527,000. JPMorgan Chase & Co. raised its holdings in General Dynamics by 2.2% in the 4th quarter. JPMorgan Chase & Co. now owns 5,307,389 shares of the aerospace company's stock valued at $1,786,786,000 after buying an additional 114,647 shares during the period. Finally, Corient Private Wealth LP boosted its stake in General Dynamics by 806.3% during the second quarter. Corient Private Wealth LP now owns 1,661,702 shares of the aerospace company's stock worth $588,641,000 after buying an additional 1,478,353 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

About General Dynamics

General Dynamics Corporation NYSE: GD is an aerospace and defense company that develops and delivers products and services for government and commercial customers. The company operates through four primary business segments: Aerospace, Marine Systems, Combat Systems, and Technologies.

Its Aerospace segment designs and manufactures Gulfstream business jets and provides aircraft support services. Marine Systems builds nuclear-powered submarines and surface ships for the U.S. Navy, while Combat Systems produces armored vehicles, combat systems, weapons, and munitions.

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