General Dynamics (NYSE:GD) Coverage Initiated by Analysts at BNP Paribas Exane

Equities research analysts at BNP Paribas Exane began coverage on shares of General Dynamics (NYSE:GD) in a note issued to investors on Tuesday. The brokerage set an “outperform” rating and a $410.00 price target on the aerospace company’s stock. BNP Paribas Exane’s price target would indicate a potential upside of 19.99% from the stock’s previous close.

GD has been the subject of several other reports. Bank of America upped their price objective on General Dynamics from $370.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Wall Street Zen raised shares of General Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Morgan Stanley set a $385.00 target price on shares of General Dynamics in a report on Monday, October 27th. JPMorgan Chase & Co. raised their target price on shares of General Dynamics from $345.00 to $380.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Finally, Robert W. Baird set a $390.00 price target on shares of General Dynamics in a research report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $353.85.

General Dynamics Stock Down 0.0%

GD traded down $0.08 during trading on Tuesday, reaching $341.70. The company had a trading volume of 150,216 shares, compared to its average volume of 1,327,358. The company has a market cap of $92.30 billion, a P/E ratio of 22.15, a PEG ratio of 2.05 and a beta of 0.46. General Dynamics has a 12 month low of $239.20 and a 12 month high of $360.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. The business’s fifty day moving average price is $337.29 and its 200 day moving average price is $310.58.

General Dynamics (NYSE:GD) last issued its quarterly earnings data 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 business had revenue of $12.91 billion for the quarter, compared to analyst estimates of $12.49 billion. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the business posted $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 year.

Insider Transactions at General Dynamics

In other news, Director Mark Malcolm sold 3,220 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $329.45, for a total value of $1,060,829.00. Following the transaction, the director owned 10,186 shares of the company’s stock, valued at approximately $3,355,777.70. This represents a 24.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher J. Brady sold 8,150 shares of General Dynamics stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $321.18, for a total value of $2,617,617.00. Following the sale, the vice president directly owned 22,818 shares of the company’s stock, valued at approximately $7,328,685.24. The trade was a 26.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 12,580 shares of company stock worth $4,064,484. 1.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On General Dynamics

A number of hedge funds and other institutional investors have recently modified their holdings of GD. Brighton Jones LLC raised its stake in General Dynamics by 16.9% in the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after purchasing an additional 417 shares in the last quarter. IFP Advisors Inc raised its position in shares of General Dynamics by 10.6% in the first quarter. IFP Advisors Inc now owns 7,581 shares of the aerospace company’s stock valued at $2,067,000 after buying an additional 724 shares in the last quarter. Lindbrook Capital LLC boosted its stake in shares of General Dynamics by 10.3% in the first quarter. Lindbrook Capital LLC now owns 1,299 shares of the aerospace company’s stock valued at $354,000 after buying an additional 121 shares during the period. Wealth Alliance LLC increased its stake in General Dynamics by 42.2% during the 1st quarter. Wealth Alliance LLC now owns 1,159 shares of the aerospace company’s stock worth $316,000 after acquiring an additional 344 shares during the period. Finally, Crestwood Advisors Group LLC raised its holdings in General Dynamics by 12.2% in the 1st quarter. Crestwood Advisors Group LLC now owns 3,854 shares of the aerospace company’s stock valued at $1,051,000 after acquiring an additional 419 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

About General Dynamics

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.