General Dynamics (NYSE:GD) Now Covered by BNP Paribas Exane

BNP Paribas Exane began coverage on shares of General Dynamics (NYSE:GD) in a research report released on Tuesday morning, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $410.00 target price on the aerospace company’s stock.

Several other equities research analysts also recently commented on GD. Citigroup upped their target price on shares of General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Seaport Res Ptn upgraded shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. JPMorgan Chase & Co. raised their price objective on General Dynamics from $345.00 to $380.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Wolfe Research boosted their target price on General Dynamics from $360.00 to $400.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Finally, Sanford C. Bernstein raised their price target on General Dynamics from $335.00 to $388.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $353.85.

General Dynamics Stock Down 0.1%

Shares of NYSE:GD opened at $341.37 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. The stock has a market cap of $92.21 billion, a price-to-earnings ratio of 22.12, a P/E/G ratio of 2.05 and a beta of 0.46. The company has a 50 day moving average of $337.69 and a 200-day moving average of $311.06. General Dynamics has a one year low of $239.20 and a one year high of $360.50.

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

Insider Transactions at General Dynamics

In related news, VP Christopher J. Brady sold 8,150 shares of General Dynamics stock in a transaction dated 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 completion of the sale, the vice president owned 22,818 shares of the company’s stock, valued at approximately $7,328,685.24. The trade was a 26.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark Malcolm sold 3,220 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the completion of the transaction, the director owned 10,186 shares in the company, valued at approximately $3,355,777.70. This trade represents a 24.02% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 12,580 shares of company stock valued at $4,064,484. 1.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On General Dynamics

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Nuveen LLC bought a new position in General Dynamics during the 1st quarter worth $272,464,000. AQR Capital Management LLC grew its holdings in shares of General Dynamics by 118.3% during the 3rd quarter. AQR Capital Management LLC now owns 1,663,847 shares of the aerospace company’s stock worth $567,372,000 after purchasing an additional 901,679 shares in the last quarter. Northern Trust Corp increased its position in shares of General Dynamics by 35.0% in the third quarter. Northern Trust Corp now owns 3,332,917 shares of the aerospace company’s stock worth $1,136,525,000 after purchasing an additional 863,392 shares during the period. Pacer Advisors Inc. raised its stake in General Dynamics by 3,306.5% in the third quarter. Pacer Advisors Inc. now owns 871,052 shares of the aerospace company’s stock valued at $297,029,000 after purchasing an additional 845,482 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in General Dynamics by 34.8% during the first quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock worth $749,252,000 after purchasing an additional 709,782 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

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.