General Dynamics (GD) Projected to Post Earnings on Wednesday

General Dynamics (NYSE:GD) will likely be issuing its quarterly earnings data before the market opens on Wednesday, April 23rd. Analysts expect General Dynamics to post earnings of $3.43 per share and revenue of $11.92 billion for the quarter. General Dynamics has set its FY 2025 guidance at 14.750-14.850 EPS.Investors interested in listening to the company’s conference call can do so using this link.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. On average, analysts expect General Dynamics to post $15 EPS for the current fiscal year and $17 EPS for the next fiscal year.

General Dynamics Stock Performance

Shares of NYSE GD opened at $275.70 on Monday. The stock has a 50 day simple moving average of $261.54 and a 200-day simple moving average of $272.70. The company has a market cap of $73.99 billion, a PE ratio of 20.21, a P/E/G ratio of 1.69 and a beta of 0.43. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. General Dynamics has a 12-month low of $239.20 and a 12-month high of $316.90.

General Dynamics Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 11th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, April 11th. This is a boost from General Dynamics’s previous quarterly dividend of $1.42. This represents a $6.00 annualized dividend and a dividend yield of 2.18%. General Dynamics’s dividend payout ratio (DPR) is 43.99%.

Analysts Set New Price Targets

GD has been the subject of several research reports. Citigroup decreased their target price on General Dynamics from $335.00 to $330.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. UBS Group reduced their price objective on shares of General Dynamics from $337.00 to $281.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. BTIG Research downgraded shares of General Dynamics from a “buy” rating to a “neutral” rating in a report on Thursday, February 13th. Baird R W lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada dropped their price target on General Dynamics from $290.00 to $280.00 and set a “sector perform” rating on the stock in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, General Dynamics has an average rating of “Hold” and an average price target of $294.47.

Insider Buying and Selling

In related news, Director Laura J. Schumacher sold 1,796 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $255.68, for a total value of $459,201.28. Following the completion of the transaction, the director now directly owns 11,175 shares of the company’s stock, valued at $2,857,224. This trade represents a 13.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Marguerite Amy Gilliland sold 27,562 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $272.11, for a total value of $7,499,895.82. Following the completion of the sale, the senior vice president now owns 45,192 shares in the company, valued at approximately $12,297,195.12. This represents a 37.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in General Dynamics stock. Brighton Jones LLC raised its holdings in General Dynamics Co. (NYSE:GD) by 16.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,885 shares of the aerospace company’s stock after purchasing an additional 417 shares during the quarter. Brighton Jones LLC’s holdings in General Dynamics were worth $760,000 as of its most recent SEC filing. 86.14% of the stock is currently owned by institutional investors.

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.