Argus Raises General Dynamics (NYSE:GD) Price Target to $380.00

General Dynamics (NYSE:GD) had its price target upped by analysts at Argus from $345.00 to $380.00 in a research report issued on Wednesday,MarketScreener reports. The firm presently has a “buy” rating on the aerospace company’s stock. Argus’ price target suggests a potential upside of 11.56% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. The Goldman Sachs Group increased their price target on General Dynamics from $280.00 to $293.00 and gave the company a “sell” rating in a research note on Friday, October 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $400.00 price target on shares of General Dynamics in a research note on Wednesday, October 8th. Seaport Res Ptn raised shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Morgan Stanley set a $385.00 target price on General Dynamics in a research report on Monday, October 27th. Finally, Citigroup upped their price target on General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $358.10.

General Dynamics Trading Down 0.2%

Shares of GD opened at $340.62 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. General Dynamics has a 52-week low of $239.20 and a 52-week high of $360.50. The firm has a market cap of $92.01 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 2.05 and a beta of 0.46. The business’s fifty day moving average is $337.69 and its 200-day moving average is $311.06.

General Dynamics (NYSE:GD) last posted its earnings results on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.69 by $0.19. The firm had revenue of $12.91 billion during the quarter, compared to analysts’ expectations of $12.49 billion. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Equities analysts anticipate that General Dynamics will post 14.83 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Mark Malcolm sold 3,220 shares of General Dynamics stock in a transaction on Friday, September 12th. The shares were sold at an average price of $329.45, for a total value of $1,060,829.00. Following the completion of the sale, the director owned 10,186 shares in the company, valued at $3,355,777.70. The trade was a 24.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Christopher J. Brady sold 8,150 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the transaction, the vice president owned 22,818 shares in the company, valued at $7,328,685.24. The trade was a 26.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 12,580 shares of company stock valued at $4,064,484. 1.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On General Dynamics

Institutional investors have recently made changes to their positions in the stock. Dunhill Financial LLC increased its stake in General Dynamics by 620.0% during the 3rd quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 62 shares in the last quarter. Halbert Hargrove Global Advisors LLC acquired a new position in shares of General Dynamics during the third quarter valued at about $26,000. Louisbourg Investments Inc. acquired a new stake in shares of General Dynamics in the 3rd quarter worth about $27,000. Redmont Wealth Advisors LLC acquired a new stake in shares of General Dynamics in the 3rd quarter worth about $30,000. Finally, Financial Life Planners bought a new position in General Dynamics in the 3rd quarter valued at about $33,000. 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.