General Dynamics (NYSE:GD) Releases Quarterly Earnings Results, Beats Estimates By $0.19 EPS

General Dynamics (NYSE:GD) released its earnings results on Friday. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.69 by $0.19, RTT News reports. The firm had revenue of $12.91 billion during the quarter, compared to analysts’ expectations of $12.49 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.35 EPS. General Dynamics updated its FY 2025 guidance to 15.300-15.35 EPS.

General Dynamics Stock Performance

General Dynamics stock opened at $350.22 on Friday. The business’s 50-day moving average price is $329.49 and its two-hundred day moving average price is $302.06. The stock has a market cap of $94.20 billion, a PE ratio of 22.70, a P/E/G ratio of 2.16 and a beta of 0.47. General Dynamics has a 12-month low of $239.20 and a 12-month high of $360.50. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32.

General Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s dividend payout ratio is 40.27%.

Analysts Set New Price Targets

A number of research firms have recently commented on GD. Morgan Stanley raised their target price on shares of General Dynamics from $328.00 to $360.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 15th. 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 report on Thursday, July 24th. Wolfe Research upped their target price on shares of General Dynamics from $360.00 to $400.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Robert W. Baird boosted their price target on General Dynamics from $283.00 to $350.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Finally, Wall Street Zen raised General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $327.44.

Insiders Place Their Bets

In other news, CEO Phebe N. Novakovic sold 129,090 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the sale, the chief executive officer directly owned 769,607 shares in the company, valued at approximately $241,325,666.99. The trade was a 14.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP William A. Moss sold 17,700 shares of General Dynamics stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the sale, the vice president owned 16,627 shares in the company, valued at approximately $5,260,782.80. This represents a 51.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 242,460 shares of company stock worth $76,192,291. Company insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On General Dynamics

Several large investors have recently modified their holdings of GD. Sivia Capital Partners LLC bought a new position in shares of General Dynamics during the 2nd quarter worth approximately $240,000. Brighton Jones LLC increased its stake in General Dynamics by 16.9% in the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after purchasing an additional 417 shares in the last quarter. Osterweis Capital Management Inc. acquired a new position in shares of General Dynamics during the second quarter valued at about $173,000. Rakuten Securities Inc. boosted its position in shares of General Dynamics by 53.1% during the 2nd quarter. Rakuten Securities Inc. now owns 173 shares of the aerospace company’s stock worth $50,000 after purchasing an additional 60 shares in the last quarter. Finally, Chapman Financial Group LLC acquired a new stake in shares of General Dynamics in the 2nd quarter valued at about $43,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

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.