General Dynamics Corporation (NYSE:GD) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of General Dynamics Corporation (NYSE:GD) have received a consensus rating of “Moderate Buy” from the twenty-five brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, twelve have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $350.8947.

Several research analysts recently commented on GD shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on General Dynamics from $345.00 to $380.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Seaport Res Ptn upgraded General Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Melius Research upgraded General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, UBS Group raised their price objective on shares of General Dynamics from $369.00 to $381.00 and gave the company a “neutral” rating in a research report on Monday, October 27th.

General Dynamics Stock Performance

GD stock opened at $344.16 on Friday. General Dynamics has a 12-month low of $239.20 and a 12-month high of $360.50. The firm has a market cap of $92.96 billion, a PE ratio of 22.30, a P/E/G ratio of 2.05 and a beta of 0.46. The business has a 50 day moving average of $336.91 and a 200-day moving average of $309.82. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.69 by $0.19. The company had revenue of $12.91 billion during the quarter, compared to analyst estimates of $12.49 billion. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, sell-side analysts expect that General Dynamics will post 14.83 earnings per share for the current year.

Insider Activity

In other General Dynamics news, VP Christopher J. Brady sold 8,150 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $321.18, for a total value of $2,617,617.00. Following the transaction, the vice president directly owned 22,818 shares in the company, valued at $7,328,685.24. This represents a 26.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark Malcolm sold 3,220 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $329.45, for a total value of $1,060,829.00. Following the completion of the sale, the director directly owned 10,186 shares in the company, valued at approximately $3,355,777.70. The trade was a 24.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 141,670 shares of company stock worth $44,543,236 in the last three months. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of General Dynamics

Several hedge funds and other institutional investors have recently bought and sold shares of GD. Brighton Jones LLC boosted its position in 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 acquiring an additional 417 shares in the last quarter. Larson Financial Group LLC increased its position in General Dynamics by 32.8% during the 1st quarter. Larson Financial Group LLC now owns 939 shares of the aerospace company’s stock valued at $256,000 after buying an additional 232 shares in the last quarter. Graypoint LLC boosted its stake in General Dynamics by 3.1% in the 1st quarter. Graypoint LLC now owns 2,227 shares of the aerospace company’s stock worth $607,000 after purchasing an additional 68 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in General Dynamics by 3.0% during the 1st quarter. Kingsview Wealth Management LLC now owns 9,816 shares of the aerospace company’s stock valued at $2,676,000 after purchasing an additional 290 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in General Dynamics by 38.2% during the 1st quarter. Private Advisor Group LLC now owns 31,047 shares of the aerospace company’s stock valued at $8,463,000 after acquiring an additional 8,585 shares during the period. Institutional investors own 86.14% of the company’s stock.

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.