William Blair Has Positive Outlook for GD FY2025 Earnings

Key Points

• William Blair analysts have raised their FY2025 earnings estimate for General Dynamics to $15.10 per share, surpassing the previous forecast of $14.91 and the consensus estimate of $14.83.
• General Dynamics reported a quarterly EPS of $3.74, exceeding consensus expectations of $3.47, while its revenue increased by 8.9% year-over-year to $13.04 billion.
• The company recently declared a quarterly dividend of $1.50 per share, reflecting an annualized dividend yield of 1.91% with a payout ratio of 41.61%.

General Dynamics Corporation (NYSE:GD - Free Report) - Investment analysts at William Blair lifted their FY2025 earnings per share estimates for shares of General Dynamics in a research report issued on Wednesday, July 23rd. William Blair analyst L. Dipalma now forecasts that the aerospace company will post earnings per share of $15.10 for the year, up from their previous forecast of $14.91. The consensus estimate for General Dynamics' current full-year earnings is $14.83 per share.

Several other brokerages have also issued reports on GD. Robert W. Baird raised their price target on shares of General Dynamics from $283.00 to $350.00 and gave the stock a "neutral" rating in a research note on Thursday. TD Securities raised their price target on shares of General Dynamics from $275.00 to $290.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. raised their price target on shares of General Dynamics from $284.00 to $345.00 and gave the stock an "overweight" rating in a research note on Thursday. TD Cowen lifted their price objective on shares of General Dynamics from $290.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Finally, Susquehanna lifted their price objective on shares of General Dynamics from $315.00 to $365.00 and gave the company a "positive" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, General Dynamics presently has a consensus rating of "Hold" and an average target price of $312.17.

General Dynamics Price Performance

General Dynamics stock opened at $314.23 on Friday. General Dynamics has a 52 week low of $239.20 and a 52 week high of $322.50. The company's 50 day moving average price is $287.00 and its two-hundred day moving average price is $271.78. The company has a quick ratio of 0.82, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. The stock has a market cap of $84.34 billion, a P/E ratio of 21.09, a P/E/G ratio of 2.11 and a beta of 0.46.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, beating 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 business had revenue of $13.04 billion for the quarter, compared to analysts' expectations of $12.13 billion. During the same quarter last year, the firm earned $3.26 EPS. The firm's revenue for the quarter was up 8.9% compared to the same quarter last year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Thursday, July 3rd. General Dynamics's dividend payout ratio is presently 41.61%.

Insider Buying and Selling at General Dynamics

In other news, CEO Phebe N. Novakovic sold 7,639 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $280.44, for a total value of $2,142,281.16. Following the completion of the transaction, the chief executive officer owned 769,607 shares of the company's stock, valued at approximately $215,828,587.08. This trade represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Salvus Wealth Management LLC increased its holdings in shares of General Dynamics by 2.9% in the 2nd quarter. Salvus Wealth Management LLC now owns 1,274 shares of the aerospace company's stock valued at $372,000 after acquiring an additional 36 shares during the period. Principal Securities Inc. increased its stake in General Dynamics by 0.5% in the 1st quarter. Principal Securities Inc. now owns 8,203 shares of the aerospace company's stock valued at $2,161,000 after buying an additional 37 shares during the period. Sharpepoint LLC increased its stake in General Dynamics by 4.2% in the 1st quarter. Sharpepoint LLC now owns 917 shares of the aerospace company's stock valued at $249,000 after buying an additional 37 shares during the period. United Asset Strategies Inc. increased its stake in General Dynamics by 1.2% in the 1st quarter. United Asset Strategies Inc. now owns 3,140 shares of the aerospace company's stock valued at $856,000 after buying an additional 37 shares during the period. Finally, Southland Equity Partners LLC increased its stake in General Dynamics by 3.2% in the 2nd quarter. Southland Equity Partners LLC now owns 1,185 shares of the aerospace company's stock valued at $346,000 after buying an additional 37 shares during the period. Hedge funds and other institutional investors 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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