Equities Analysts Offer Predictions for GD FY2025 Earnings

General Dynamics Co. (NYSE:GD - Free Report) - Investment analysts at William Blair lifted their FY2025 earnings per share (EPS) estimates for shares of General Dynamics in a note issued to investors on Wednesday, April 23rd. William Blair analyst L. Dipalma now expects that the aerospace company will post earnings of $14.91 per share for the year, up from their previous forecast of $14.78. William Blair has a "Market Perform" rating on the stock. The consensus estimate for General Dynamics' current full-year earnings is $14.83 per share.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.23. General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. The company had revenue of $12.22 billion for the quarter, compared to analysts' expectations of $11.92 billion. During the same period in the previous year, the company posted $2.88 EPS. General Dynamics's revenue was up 13.9% compared to the same quarter last year.

Several other equities analysts have also weighed in on GD. BTIG Research lowered shares of General Dynamics from a "buy" rating to a "neutral" rating in a report on Thursday, February 13th. TD Cowen cut their price objective on shares of General Dynamics from $315.00 to $295.00 in a report on Tuesday, January 28th. Barclays dropped their target price on shares of General Dynamics from $305.00 to $285.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Wells Fargo & Company lowered their price objective on shares of General Dynamics from $261.00 to $236.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Finally, Susquehanna upped their target price on shares of General Dynamics from $300.00 to $315.00 and gave the stock a "positive" rating in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, General Dynamics presently has a consensus rating of "Hold" and an average price target of $292.88.

General Dynamics Trading Up 0.1 %

Shares of NYSE GD traded up $0.30 on Monday, reaching $272.42. 449,073 shares of the company traded hands, compared to its average volume of 1,357,225. General Dynamics has a fifty-two week low of $239.20 and a fifty-two week high of $316.90. The company has a 50 day moving average of $265.87 and a 200 day moving average of $271.59. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $73.12 billion, a PE ratio of 19.97, a P/E/G ratio of 1.69 and a beta of 0.43.

Institutional Trading of General Dynamics

A number of institutional investors have recently bought and sold shares of the business. Principal Securities Inc. lifted its holdings in shares of General Dynamics by 0.5% during the 1st quarter. Principal Securities Inc. now owns 8,203 shares of the aerospace company's stock worth $2,161,000 after acquiring an additional 37 shares during the period. Sharpepoint LLC increased its position in General Dynamics by 4.2% during the 1st quarter. Sharpepoint LLC now owns 917 shares of the aerospace company's stock worth $249,000 after purchasing an additional 37 shares in the last quarter. 1858 Wealth Management LLC increased its position in General Dynamics by 1.2% during the 1st quarter. 1858 Wealth Management LLC now owns 3,224 shares of the aerospace company's stock worth $879,000 after purchasing an additional 38 shares in the last quarter. Keystone Financial Services increased its position in General Dynamics by 1.6% during the 1st quarter. Keystone Financial Services now owns 2,421 shares of the aerospace company's stock worth $660,000 after purchasing an additional 38 shares in the last quarter. Finally, Purus Wealth Management LLC increased its position in General Dynamics by 1.5% in the 4th quarter. Purus Wealth Management LLC now owns 2,660 shares of the aerospace company's stock valued at $701,000 after acquiring an additional 39 shares during the period. Institutional investors own 86.14% of the company's stock.

Insider Buying and Selling

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the transaction, the senior vice president now directly owns 45,192 shares in the company, valued at $12,297,195.12. The trade was a 37.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Laura J. Schumacher sold 1,796 shares of the business's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $255.68, for a total transaction of $459,201.28. Following the transaction, the director now owns 11,175 shares in the company, valued at $2,857,224. This represents a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

General Dynamics Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 11th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, April 11th. This is a boost from General Dynamics's previous quarterly dividend of $1.42. General Dynamics's payout ratio is 41.61%.

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.