Analysts Set General Dynamics Corporation (NYSE:GD) PT at $410.89

General Dynamics Corporation (NYSE:GD) has received an average rating of “Moderate Buy” from the nineteen ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $410.8947.

A number of research firms recently weighed in on GD. Weiss Ratings raised General Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. UBS Group boosted their price objective on General Dynamics from $366.00 to $395.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Citigroup upped their target price on General Dynamics from $364.00 to $404.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. TD Cowen increased their target price on General Dynamics from $390.00 to $420.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada lifted their price target on shares of General Dynamics from $385.00 to $410.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th.

General Dynamics Trading Down 0.2%

Shares of General Dynamics stock opened at $383.56 on Tuesday. The firm has a 50-day simple moving average of $374.64 and a two-hundred day simple moving average of $356.08. The company has a market cap of $103.78 billion, a P/E ratio of 23.40, a price-to-earnings-growth ratio of 2.22 and a beta of 0.32. General Dynamics has a fifty-two week low of $306.77 and a fifty-two week high of $400.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.28. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The business had revenue of $14.09 billion for the quarter, compared to analyst estimates of $13.52 billion. During the same period in the prior year, the company posted $3.74 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, equities analysts predict that General Dynamics will post 16.97 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 9th will be issued a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s dividend payout ratio (DPR) is presently 38.80%.

Insider Activity

In other news, Director Mark Malcolm sold 5,480 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the completion of the sale, the director owned 10,643 shares of the company’s stock, valued at $3,884,695. The trade was a 33.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Phebe N. Novakovic sold 51,568 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the transaction, the chief executive officer owned 766,457 shares of the company’s stock, valued at approximately $293,231,119.06. This trade represents a 6.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 100,228 shares of company stock worth $38,052,853 over the last 90 days. 1.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On General Dynamics

Several hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System increased its position in shares of General Dynamics by 35,603.0% during the second quarter. California State Teachers Retirement System now owns 126,417,629 shares of the aerospace company’s stock worth $44,782,181,000 after purchasing an additional 126,063,548 shares in the last quarter. Ameritas Advisory Services LLC raised its stake in General Dynamics by 431.0% in the 2nd quarter. Ameritas Advisory Services LLC now owns 7,009 shares of the aerospace company’s stock valued at $2,483,000 after purchasing an additional 5,689 shares during the last quarter. Wedmont Private Capital lifted its holdings in General Dynamics by 9.8% in the 2nd quarter. Wedmont Private Capital now owns 3,508 shares of the aerospace company’s stock valued at $1,316,000 after purchasing an additional 312 shares in the last quarter. Troluce Capital Advisors LLC acquired a new stake in General Dynamics during the 2nd quarter worth $9,653,000. Finally, HB Wealth Management LLC grew its holdings in shares of General Dynamics by 6.6% during the second quarter. HB Wealth Management LLC now owns 46,647 shares of the aerospace company’s stock worth $16,525,000 after buying an additional 2,887 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

About General Dynamics

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.