General Dynamics' (GD) "Buy (B)" Rating Reaffirmed at Weiss Ratings

General Dynamics (NYSE:GD - Get Free Report)'s stock had its "buy (b)" rating reiterated by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

GD has been the topic of several other research reports. Robert W. Baird increased their target price on General Dynamics from $283.00 to $350.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Jefferies Financial Group set a $325.00 target price on General Dynamics and gave the company a "hold" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. increased their target price on General Dynamics from $284.00 to $345.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Wall Street Zen raised General Dynamics from a "hold" rating to a "buy" rating in a report on Saturday, October 4th. Finally, Barclays increased their target price on General Dynamics from $285.00 to $350.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, General Dynamics presently has a consensus rating of "Hold" and a consensus target price of $319.00.

General Dynamics Stock Up 0.9%

General Dynamics stock opened at $346.45 on Wednesday. General Dynamics has a twelve month low of $239.20 and a twelve month high of $347.37. The stock's fifty day simple moving average is $323.85 and its 200-day simple moving average is $295.77. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $93.19 billion, a P/E ratio of 23.25, a P/E/G ratio of 2.10 and a beta of 0.47.

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, topping analysts' consensus estimates of $3.47 by $0.27. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The business had revenue of $13.04 billion for the quarter, compared to analyst estimates of $12.13 billion. During the same quarter in the prior year, the company earned $3.26 earnings per share. The company's revenue 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, equities analysts expect that General Dynamics will post 14.83 earnings per share for the current fiscal year.

Insider Buying and Selling at General Dynamics

In related news, EVP Marguerite Amy Gilliland sold 33,740 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $315.20, for a total value of $10,634,848.00. Following the completion of the sale, the executive vice president owned 45,192 shares in the company, valued at $14,244,518.40. This trade represents a 42.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark Malcolm sold 3,220 shares of the firm's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the completion of the sale, the director owned 10,186 shares of the company's stock, valued at approximately $3,355,777.70. The trade was a 24.02% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 275,020 shares of company stock valued at $86,414,503. Corporate insiders own 1.50% of the company's stock.

Institutional Investors Weigh In On General Dynamics

A number of hedge funds have recently added to or reduced their stakes in GD. Nuveen LLC acquired a new stake in General Dynamics in the first quarter valued at about $272,464,000. Ameriprise Financial Inc. lifted its position in General Dynamics by 34.8% in the first quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company's stock valued at $749,252,000 after purchasing an additional 709,782 shares during the period. Deutsche Bank AG lifted its position in General Dynamics by 120.9% in the first quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company's stock valued at $343,866,000 after purchasing an additional 690,349 shares during the period. Prudential Financial Inc. lifted its position in General Dynamics by 142.5% in the second quarter. Prudential Financial Inc. now owns 438,311 shares of the aerospace company's stock valued at $127,838,000 after purchasing an additional 257,534 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in General Dynamics by 4.9% in the first quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company's stock valued at $1,499,819,000 after buying an additional 256,687 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

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.

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