General Dynamics (NYSE:GD) Price Target Cut to $380.00 by Analysts at Jefferies Financial Group

General Dynamics (NYSE:GD) had its price objective trimmed by Jefferies Financial Group from $385.00 to $380.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has a hold rating on the aerospace company’s stock.

Other equities research analysts also recently issued research reports about the stock. TD Cowen boosted their price objective on shares of General Dynamics from $370.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. BNP Paribas Exane lowered their price objective on shares of General Dynamics from $420.00 to $410.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Wells Fargo & Company initiated coverage on shares of General Dynamics in a research report on Wednesday, April 1st. They set an “overweight” rating and a $400.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on shares of General Dynamics from $380.00 to $385.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and a consensus target price of $384.16.

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $347.92 on Tuesday. The firm has a market cap of $94.23 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 2.08 and a beta of 0.38. The firm’s 50-day simple moving average is $352.27 and its 200-day simple moving average is $346.80. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.89 and a current ratio of 1.44. General Dynamics has a 1 year low of $249.92 and a 1 year high of $369.70.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.11 by $0.06. The business had revenue of $14.38 billion for the quarter, compared to analyst estimates of $13.77 billion. General Dynamics had a net margin of 8.01% and a return on equity of 17.57%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.15 EPS. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. Equities analysts forecast that General Dynamics will post 14.83 earnings per share for the current fiscal year.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 10th will be given a $1.59 dividend. This is a positive change from General Dynamics’s previous quarterly dividend of $1.50. The ex-dividend date is Friday, April 10th. This represents a $6.36 annualized dividend and a yield of 1.8%. General Dynamics’s payout ratio is currently 38.83%.

Insider Activity

In other General Dynamics news, CEO Phebe N. Novakovic sold 32,918 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $354.09, for a total value of $11,655,934.62. Following the completion of the transaction, the chief executive officer owned 766,457 shares in the company, valued at approximately $271,394,759.13. This represents a 4.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark Lagrand Burns sold 10,153 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $354.95, for a total transaction of $3,603,807.35. Following the completion of the transaction, the executive vice president owned 38,975 shares of the company’s stock, valued at $13,834,176.25. This trade represents a 20.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 51,260 shares of company stock worth $18,133,971 in the last quarter. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dunhill Financial LLC boosted its holdings in shares of General Dynamics by 620.0% in the third quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 62 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of General Dynamics in the third quarter valued at approximately $25,000. Dagco Inc. bought a new position in shares of General Dynamics in the fourth quarter valued at approximately $25,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of General Dynamics in the third quarter valued at approximately $26,000. Finally, Burkett Financial Services LLC boosted its holdings in shares of General Dynamics by 650.0% in the third quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 65 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

About General Dynamics

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.