Q3 Earnings Forecast for GD Issued By Seaport Res Ptn

General Dynamics Corporation (NYSE:GD) – Analysts at Seaport Res Ptn issued their Q3 2027 EPS estimates for General Dynamics in a research report issued to clients and investors on Monday, September 29th. Seaport Res Ptn analyst R. Safran anticipates that the aerospace company will post earnings per share of $4.66 for the quarter. Seaport Res Ptn has a “Strong-Buy” rating on the stock. The consensus estimate for General Dynamics’ current full-year earnings is $14.83 per share.

A number of other brokerages have also recently issued reports on GD. UBS Group raised their price objective on General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. TD Cowen raised their price target on General Dynamics from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th. Robert W. Baird lifted their price target on General Dynamics from $283.00 to $350.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. increased their price objective on General Dynamics from $284.00 to $345.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and raised their target price for the stock from $298.00 to $342.00 in a report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, General Dynamics currently has a consensus rating of “Hold” and a consensus target price of $315.78.

General Dynamics Price Performance

Shares of NYSE:GD opened at $340.91 on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. The stock has a market cap of $91.70 billion, a PE ratio of 22.88, a PEG ratio of 2.09 and a beta of 0.47. The company’s fifty day moving average is $321.31 and its 200 day moving average is $293.60. General Dynamics has a 52 week low of $239.20 and a 52 week high of $341.68.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates of $3.47 by $0.27. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The firm had revenue of $13.04 billion during the quarter, compared to analyst estimates of $12.13 billion. During the same period in the previous year, the business posted $3.26 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GD. Brighton Jones LLC lifted its position in shares of General Dynamics by 16.9% during the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after buying an additional 417 shares in the last quarter. Merit Financial Group LLC grew its position in shares of General Dynamics by 28.9% during the first quarter. Merit Financial Group LLC now owns 11,154 shares of the aerospace company’s stock valued at $3,040,000 after purchasing an additional 2,501 shares in the last quarter. Fulton Bank N.A. increased its stake in General Dynamics by 2.3% in the 1st quarter. Fulton Bank N.A. now owns 2,942 shares of the aerospace company’s stock worth $802,000 after acquiring an additional 67 shares during the last quarter. Sentry Investment Management LLC raised its stake in General Dynamics by 6.8% during the first quarter. Sentry Investment Management LLC now owns 815 shares of the aerospace company’s stock valued at $202,000 after purchasing an additional 52 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its position in shares of General Dynamics by 14.2% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 6,084 shares of the aerospace company’s stock valued at $1,658,000 after buying an additional 758 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Insider Activity

In related news, EVP Marguerite Amy Gilliland sold 33,740 shares of the company’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $315.20, for a total value of $10,634,848.00. Following the sale, the executive vice president directly owned 45,192 shares of the company’s stock, valued at $14,244,518.40. This represents a 42.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Phebe N. Novakovic sold 129,090 shares of the firm’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $313.57, for a total value of $40,478,751.30. Following the transaction, the chief executive officer directly owned 769,607 shares of the company’s stock, valued at $241,325,666.99. This represents a 14.36% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 275,020 shares of company stock worth $86,414,503. Company insiders own 1.50% of the company’s stock.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s payout ratio is presently 40.27%.

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.