General Dynamics Corporation (NYSE:GD) Receives $315.78 Average Price Target from Brokerages

Key Points

• General Dynamics Corporation has been assigned an average rating of "Hold" by 22 analysts, with one sell, 12 holds, and nine buy recommendations.
• The company recently declared a quarterly dividend of $1.50 per share, with an annualized yield of 1.8%.
• Insider trading activity includes CEO Phebe N. Novakovic selling over 129,000 shares and VP Christopher J. Brady selling over 8,000 shares, indicating a significant decrease in their positions.

General Dynamics Corporation (NYSE:GD - Get Free Report) has been assigned a consensus rating of "Hold" from the twenty-two ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $315.7778.

GD has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on General Dynamics from $284.00 to $345.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Robert W. Baird increased their price objective on shares of General Dynamics from $283.00 to $350.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Wolfe Research raised shares of General Dynamics from a "peer perform" rating to an "outperform" rating and set a $360.00 target price for the company in a research report on Thursday, July 24th. Susquehanna increased their price target on shares of General Dynamics from $315.00 to $365.00 and gave the stock a "positive" rating in a research report on Thursday, July 24th. Finally, TD Cowen boosted their price objective on General Dynamics from $290.00 to $300.00 and gave the company a "buy" rating in a report on Wednesday, June 25th.

Insider Activity

In other General Dynamics news, VP Christopher J. Brady sold 8,150 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were 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 trade represents a 26.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark Malcolm sold 1,210 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $319.04, for a total value of $386,038.40. Following the transaction, the director directly owned 10,186 shares of the company's stock, valued at $3,249,741.44. This trade represents a 10.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 458,260 shares of company stock valued at $138,125,545 over the last quarter. 1.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. 1858 Wealth Management LLC grew its position in shares of General Dynamics by 1.0% during the second quarter. 1858 Wealth Management LLC now owns 3,256 shares of the aerospace company's stock worth $950,000 after acquiring an additional 32 shares during the last quarter. Nicholson Wealth Management Group LLC grew its position in General Dynamics by 0.5% in the 2nd quarter. Nicholson Wealth Management Group LLC now owns 6,582 shares of the aerospace company's stock worth $1,920,000 after purchasing an additional 33 shares during the last quarter. Gilbert & Cook Inc. increased its stake in shares of General Dynamics by 1.4% in the second quarter. Gilbert & Cook Inc. now owns 2,389 shares of the aerospace company's stock valued at $697,000 after purchasing an additional 33 shares during the period. Crewe Advisors LLC boosted its position in shares of General Dynamics by 10.9% during the second quarter. Crewe Advisors LLC now owns 347 shares of the aerospace company's stock worth $101,000 after buying an additional 34 shares during the period. Finally, CVA Family Office LLC grew its holdings in General Dynamics by 1.5% in the 2nd quarter. CVA Family Office LLC now owns 2,256 shares of the aerospace company's stock worth $658,000 after buying an additional 34 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Stock Down 0.1%

GD traded down $0.41 during trading hours on Tuesday, reaching $322.40. 943,691 shares of the stock traded hands, compared to its average volume of 1,405,420. General Dynamics has a fifty-two week low of $239.20 and a fifty-two week high of $326.02. The company has a market cap of $86.72 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 1.99 and a beta of 0.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. The firm's fifty day simple moving average is $309.41 and its two-hundred day simple moving average is $283.12.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, beating analysts' consensus estimates of $3.47 by $0.27. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The company had revenue of $13.04 billion during the quarter, compared to analysts' expectations of $12.13 billion. During the same period in the prior year, the company posted $3.26 EPS. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, analysts forecast that General Dynamics will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics's dividend payout ratio is currently 40.27%.

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.