General Dynamics (NYSE:GD) Given New $380.00 Price Target at Citigroup

General Dynamics (NYSE:GD) had its target price reduced by Citigroup from $389.00 to $380.00 in a report published on Wednesday,MarketScreener reports. Citigroup currently has a neutral rating on the aerospace company’s stock.

A number of other brokerages have also issued reports on GD. TD Cowen raised their target price on shares of General Dynamics from $370.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Bank of America reiterated a “buy” rating and issued a $400.00 price target on shares of General Dynamics in a research report on Friday, January 30th. BNP Paribas Exane lowered their price objective on shares of General Dynamics from $420.00 to $410.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Morgan Stanley lifted their price objective on shares of General Dynamics from $408.00 to $410.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $420.00 target price on shares of General Dynamics in a report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $384.42.

General Dynamics Stock Performance

Shares of GD stock opened at $350.96 on Wednesday. The stock’s 50-day moving average is $353.51 and its two-hundred day moving average is $345.99. 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 $239.20 and a 1 year high of $369.70. The firm has a market cap of $95.06 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 2.04 and a beta of 0.39.

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

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 10th will be given a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, April 10th. This is an increase from General Dynamics’s previous quarterly dividend of $1.50. General Dynamics’s payout ratio is currently 41.17%.

Insider Activity

In related news, EVP Mark Lagrand Burns sold 10,153 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $354.95, for a total value of $3,603,807.35. Following the completion of the sale, the executive vice president owned 38,975 shares in the company, valued at $13,834,176.25. This trade represents a 20.67% 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, VP Mark Rayha sold 4,370 shares of General Dynamics stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $348.79, for a total value of $1,524,212.30. Following the completion of the sale, the vice president directly owned 7,936 shares in the company, valued at $2,767,997.44. This represents a 35.51% decrease in their position. 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 over the last quarter. Insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On General Dynamics

A number of large investors have recently modified their holdings of the business. Dunhill Financial LLC raised its position in General Dynamics by 620.0% in the third quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 62 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of General Dynamics during the 3rd quarter worth $25,000. Dagco Inc. acquired a new position in shares of General Dynamics during the 4th quarter worth $25,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of General Dynamics during the 3rd quarter worth $26,000. Finally, Burkett Financial Services LLC increased its holdings in shares of General Dynamics by 650.0% in the 3rd quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 65 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other 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.