Research Analysts’ Weekly Ratings Changes for General Dynamics (GD)

Several brokerages have updated their recommendations and price targets on shares of General Dynamics (NYSE: GD) in the last few weeks:

• 10/17/2024 – General Dynamics had its price target raised by analysts at Susquehanna from $333.00 to $352.00. They now have a “positive” rating on the stock.
• 10/11/2024 – General Dynamics was downgraded by analysts at Seaport Res Ptn from a “strong-buy” rating to a “hold” rating.
• 10/10/2024 – General Dynamics had its price target raised by analysts at Citigroup Inc. from $331.00 to $354.00. They now have a “buy” rating on the stock.
• 10/8/2024 – General Dynamics was upgraded by analysts at TD Cowen to a “strong-buy” rating.
• 10/3/2024 – General Dynamics had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $320.00 to $314.00. They now have a “hold” rating on the stock.
• 10/1/2024 – General Dynamics was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating. They now have a $317.00 price target on the stock, down previously from $334.00.

General Dynamics Trading Down 0.5 %

NYSE:GD opened at $304.40 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.80 and a current ratio of 1.33. General Dynamics Co. has a 1 year low of $232.29 and a 1 year high of $313.11. The stock has a market cap of $83.52 billion, a P/E ratio of 24.83, a P/E/G ratio of 1.67 and a beta of 0.61. The stock has a 50-day simple moving average of $300.17 and a 200-day simple moving average of $294.55.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.30 by ($0.04). General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The company had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same quarter in the previous year, the company posted $2.70 EPS. The company’s quarterly revenue was up 18.0% on a year-over-year basis. As a group, analysts anticipate that General Dynamics Co. will post 14.38 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 11th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, October 11th. General Dynamics’s payout ratio is currently 46.33%.

Insider Activity at General Dynamics

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of General Dynamics stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $308.05, for a total transaction of $406,626.00. Following the transaction, the director now owns 3,592 shares of the company’s stock, valued at $1,106,515.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.52% of the company’s stock.

Institutional Trading of General Dynamics

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MFA Wealth Advisors LLC lifted its position in General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 58 shares during the period. Redmont Wealth Advisors LLC acquired a new stake in shares of General Dynamics in the 1st quarter valued at approximately $25,000. American Capital Advisory LLC purchased a new stake in shares of General Dynamics in the second quarter valued at approximately $29,000. Lowe Wealth Advisors LLC acquired a new position in General Dynamics during the third quarter worth $30,000. Finally, New Covenant Trust Company N.A. purchased a new position in General Dynamics in the first quarter worth $29,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

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.