FY2025 EPS Estimate for General Dynamics Lowered by Analyst

General Dynamics Corporation (NYSE:GD) – Research analysts at Zacks Research lowered their FY2025 earnings estimates for General Dynamics in a report released on Monday, October 6th. Zacks Research analyst Team now anticipates that the aerospace company will post earnings of $15.12 per share for the year, down from their previous forecast of $15.14. The consensus estimate for General Dynamics’ current full-year earnings is $14.83 per share.

Several other equities research analysts have also commented on GD. Citigroup boosted their price objective on shares of General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Susquehanna upped their target price on shares of General Dynamics from $315.00 to $365.00 and gave the stock a “positive” rating in a research note on Thursday, July 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a research note on Wednesday. Cowen reiterated a “buy” rating on shares of General Dynamics in a research note on Wednesday, June 25th. Finally, Sanford C. Bernstein set a $314.00 target price on shares of General Dynamics and gave the stock a “market perform” rating in a research note on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $319.00.

General Dynamics Trading Up 0.9%

NYSE:GD opened at $346.45 on Wednesday. General Dynamics has a one year low of $239.20 and a one year high of $347.37. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. The company’s 50-day simple moving average is $323.85 and its 200 day simple moving average is $295.77. The firm has a market capitalization of $93.19 billion, a P/E ratio of 23.25, a PEG ratio of 2.10 and a beta of 0.47.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, topping the consensus estimate of $3.47 by $0.27. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The business had revenue of $13.04 billion for the quarter, compared to analyst estimates of $12.13 billion. During the same quarter in the previous year, the firm posted $3.26 earnings per share. General Dynamics’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 Trading of General Dynamics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GD. Inlight Wealth Management LLC purchased a new stake in shares of General Dynamics in the first quarter worth $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of General Dynamics in the first quarter worth $27,000. Quarry LP increased its stake in shares of General Dynamics by 783.3% in the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 94 shares in the last quarter. Abound Financial LLC purchased a new stake in shares of General Dynamics in the first quarter worth $32,000. Finally, Vermillion & White Wealth Management Group LLC increased its stake in shares of General Dynamics by 80.3% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 49 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at General Dynamics

In related news, VP William A. Moss sold 17,700 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the transaction, the vice president owned 16,627 shares in the company, valued at $5,260,782.80. This represents a 51.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the transaction, the vice president owned 22,818 shares in the company, valued at approximately $7,328,685.24. This trade represents a 26.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 275,020 shares of company stock valued at $86,414,503 over the last quarter. 1.50% of the stock is owned by company insiders.

General Dynamics Dividend Announcement

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

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.