General Dynamics (NYSE:GD) Given New $395.00 Price Target at Argus

General Dynamics (NYSE:GD) had its target price raised by Argus from $380.00 to $395.00 in a research note issued to investors on Thursday morning,MarketScreener reports. They currently have a buy rating on the aerospace company’s stock.

Several other equities research analysts also recently commented on GD. UBS Group set a $393.00 target price on General Dynamics in a report on Thursday, January 29th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $398.00 price target on shares of General Dynamics in a research report on Monday, January 12th. Susquehanna reissued a “positive” rating and set a $420.00 price objective on shares of General Dynamics in a research report on Thursday, January 15th. Citigroup raised their price objective on shares of General Dynamics from $371.00 to $389.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Finally, BNP Paribas Exane dropped their target price on shares of General Dynamics from $420.00 to $410.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $376.26.

General Dynamics Stock Down 0.8%

NYSE GD traded down $2.94 during trading hours on Thursday, reaching $351.40. 218,485 shares of the company’s stock traded hands, compared to its average volume of 1,491,888. General Dynamics has a 52-week low of $239.20 and a 52-week high of $369.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.44 and a quick ratio of 0.89. The firm has a 50-day simple moving average of $351.30 and a 200 day simple moving average of $339.01. The firm has a market cap of $95.02 billion, a PE ratio of 22.73, a PEG ratio of 2.09 and a beta of 0.41.

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

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 16th were issued a $1.50 dividend. The ex-dividend date of this dividend was Friday, January 16th. This represents a $6.00 dividend on an annualized basis and a yield of 1.7%. General Dynamics’s dividend payout ratio is presently 38.83%.

Insider Activity at General Dynamics

In other news, VP Mark Rayha sold 4,370 shares of General Dynamics stock in a transaction dated 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 sale, the vice president owned 7,936 shares in the company, valued at $2,767,997.44. This trade represents a 35.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP David Paddock sold 20,360 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the transaction, the vice president owned 36,644 shares of the company’s stock, valued at approximately $12,272,808.48. This trade represents a 35.72% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GD. Gold Investment Management Ltd. boosted its holdings in General Dynamics by 73.5% in the third quarter. Gold Investment Management Ltd. now owns 10,700 shares of the aerospace company’s stock valued at $3,649,000 after purchasing an additional 4,532 shares during the period. Davis Capital Management purchased a new position in shares of General Dynamics in the 3rd quarter valued at about $1,007,000. Envestnet Asset Management Inc. lifted its stake in General Dynamics by 3.6% in the third quarter. Envestnet Asset Management Inc. now owns 917,424 shares of the aerospace company’s stock worth $312,842,000 after acquiring an additional 32,262 shares during the last quarter. Rockland Trust Co. grew its stake in shares of General Dynamics by 703.4% during the third quarter. Rockland Trust Co. now owns 10,548 shares of the aerospace company’s stock worth $3,597,000 after purchasing an additional 9,235 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in General Dynamics by 20.9% in the second quarter. Los Angeles Capital Management LLC now owns 299,137 shares of the aerospace company’s stock valued at $87,246,000 after buying an additional 51,655 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Company Profile

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.