General Dynamics (NYSE:GD) Releases Earnings Results, Beats Estimates By $0.27 EPS

General Dynamics (NYSE:GD - Get Free Report) released its quarterly earnings results on Wednesday. The aerospace company reported $3.74 EPS for the quarter, beating analysts' consensus estimates of $3.47 by $0.27, Zacks reports. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%. The company had revenue of $13.04 billion during the quarter, compared to analysts' expectations of $12.13 billion. During the same period last year, the business posted $3.26 earnings per share. The firm's revenue was up 8.9% compared to the same quarter last year. General Dynamics updated its FY 2025 guidance to 15.050-15.150 EPS.

General Dynamics Price Performance

GD traded down $0.33 during trading on Friday, hitting $313.92. The company's stock had a trading volume of 1,218,137 shares, compared to its average volume of 1,276,632. The company has a current ratio of 1.36, a quick ratio of 0.82 and a debt-to-equity ratio of 0.32. The business's fifty day simple moving average is $287.67 and its 200 day simple moving average is $272.15. The firm has a market capitalization of $84.44 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 2.06 and a beta of 0.46. General Dynamics has a twelve month low of $239.20 and a twelve month high of $322.50.

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Thursday, July 3rd. General Dynamics's payout ratio is currently 40.27%.

Insider Activity

In other news, CEO Phebe N. Novakovic sold 7,639 shares of General Dynamics stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $280.44, for a total value of $2,142,281.16. Following the sale, the chief executive officer directly owned 769,607 shares of the company's stock, valued at $215,828,587.08. The trade was a 0.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is owned by corporate insiders.

Institutional Trading of General Dynamics

An institutional investor recently raised its position in General Dynamics stock. Brighton Jones LLC increased its position in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 16.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,885 shares of the aerospace company's stock after purchasing an additional 417 shares during the period. Brighton Jones LLC's holdings in General Dynamics were worth $760,000 at the end of the most recent quarter. 86.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on GD. Citigroup increased their price target on General Dynamics from $348.00 to $368.00 and gave the company a "buy" rating in a research note on Thursday. Susquehanna increased their price target on General Dynamics from $315.00 to $365.00 and gave the company a "positive" rating in a research note on Thursday. Morgan Stanley decreased their price target on General Dynamics from $305.00 to $300.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Wolfe Research upgraded General Dynamics from a "peer perform" rating to an "outperform" rating and set a $360.00 price objective for the company in a research note on Thursday. Finally, TD Cowen raised their price objective on General Dynamics from $290.00 to $300.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, General Dynamics currently has a consensus rating of "Hold" and an average price target of $312.17.

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.