Seaport Res Ptn Weighs in on GD Q3 Earnings

Key Points

• Seaport Res Ptn predicts General Dynamics will achieve earnings of $4.66 per share in Q3 2027, maintaining a "Strong-Buy" rating on the stock which has a consensus estimate for full-year earnings of $14.83 per share.
• Recent analyst reports have raised the price targets for General Dynamics, with JPMorgan Chase increasing its target from $284.00 to $345.00 and Barclays from $285.00 to $350.00.
• The company recently declared a quarterly dividend of $1.50 per share, translating to an annualized yield of 1.8%, with a payout ratio of 40.27%.

General Dynamics Corporation (NYSE:GD - Free Report) - Research analysts at Seaport Res Ptn issued their Q3 2027 earnings per share estimates for shares of General Dynamics in a research note issued on Monday, September 29th. Seaport Res Ptn analyst R. Safran forecasts that the aerospace company will earn $4.66 per share for the quarter. Seaport Res Ptn currently has a "Strong-Buy" rating on the stock. The consensus estimate for General Dynamics' current full-year earnings is $14.83 per share.

A number of other analysts have also recently issued reports on GD. JPMorgan Chase & Co. raised their price objective on General Dynamics from $284.00 to $345.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Barclays raised their price target on General Dynamics from $285.00 to $350.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Robert W. Baird upped their price objective on shares of General Dynamics from $283.00 to $350.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Wall Street Zen lowered shares of General Dynamics from a "buy" rating to a "hold" rating in a research report on Friday, September 26th. Finally, UBS Group lifted their target price on shares of General Dynamics from $309.00 to $333.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $315.78.

General Dynamics Trading Down 0.0%

Shares of NYSE:GD opened at $340.96 on Thursday. General Dynamics has a 52-week low of $239.20 and a 52-week high of $341.19. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36. The company has a market capitalization of $91.71 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 2.09 and a beta of 0.47. The company has a 50-day simple moving average of $320.78 and a 200 day simple moving average of $293.08.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.27. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The firm had revenue of $13.04 billion for the quarter, compared to analyst estimates of $12.13 billion. During the same period in the prior year, the firm posted $3.26 earnings per share. The company's quarterly revenue was up 8.9% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics's payout ratio is 40.27%.

Insider Buying and Selling at General Dynamics

In other news, CEO Phebe N. Novakovic sold 129,090 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the completion of the sale, the chief executive officer owned 769,607 shares of the company's stock, valued at approximately $241,325,666.99. This represents a 14.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark Malcolm sold 3,220 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the sale, the director owned 10,186 shares in the company, valued at $3,355,777.70. This represents a 24.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 275,020 shares of company stock valued at $86,414,503 over the last three months. 1.50% of the stock is owned by insiders.

Institutional Investors Weigh In On General Dynamics

Large investors have recently modified their holdings of the business. Retirement Guys Formula LLC acquired a new stake in General Dynamics in the first quarter valued at about $1,692,000. Advisory Resource Group lifted its holdings in shares of General Dynamics by 7.1% in the first quarter. Advisory Resource Group now owns 19,200 shares of the aerospace company's stock worth $5,234,000 after acquiring an additional 1,276 shares during the last quarter. Mission Wealth Management LP boosted its stake in shares of General Dynamics by 18.9% in the 1st quarter. Mission Wealth Management LP now owns 16,144 shares of the aerospace company's stock valued at $4,401,000 after purchasing an additional 2,568 shares in the last quarter. Matrix Asset Advisors Inc. NY grew its holdings in shares of General Dynamics by 31.6% during the 1st quarter. Matrix Asset Advisors Inc. NY now owns 33,644 shares of the aerospace company's stock valued at $9,171,000 after purchasing an additional 8,073 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. increased its position in General Dynamics by 11.5% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 16,522 shares of the aerospace company's stock worth $4,504,000 after purchasing an additional 1,704 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

General Dynamics Company Profile

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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