Citigroup Has Lowered Expectations for General Dynamics (NYSE:GD) Stock Price

General Dynamics (NYSE:GD) had its price target dropped by Citigroup from $389.00 to $380.00 in a research note issued on Wednesday,MarketScreener reports. The firm presently has a “neutral” rating on the aerospace company’s stock. Citigroup’s price objective suggests a potential upside of 7.74% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research report on Thursday, January 22nd. Wall Street Zen cut shares of General Dynamics from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Wolfe Research lifted their target price on shares of General Dynamics from $400.00 to $415.00 and gave the company an “outperform” rating in a report on Monday, January 12th. BNP Paribas Exane dropped their price target on General Dynamics from $420.00 to $410.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Finally, UBS Group set a $393.00 price target on General Dynamics in a research note on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, General Dynamics presently has an average rating of “Moderate Buy” and a consensus price target of $384.42.

General Dynamics Stock Up 2.8%

GD stock traded up $9.47 during midday trading on Wednesday, hitting $352.69. The stock had a trading volume of 268,420 shares, compared to its average volume of 1,408,099. The business has a 50-day moving average of $353.79 and a two-hundred day moving average of $345.95. 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 market cap of $95.53 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 2.03 and a beta of 0.39. General Dynamics has a 52-week low of $239.20 and a 52-week high of $369.70.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, January 28th. The aerospace company reported $4.17 EPS 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 analyst estimates of $13.77 billion. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $4.15 earnings per share. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. As a group, equities research analysts forecast that General Dynamics will post 14.83 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Mark Lagrand Burns sold 10,153 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 38,975 shares in the company, valued at approximately $13,834,176.25. This represents a 20.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Marguerite Amy Gilliland sold 3,819 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $353.50, for a total transaction of $1,350,016.50. Following the sale, the executive vice president owned 44,767 shares in the company, valued at approximately $15,825,134.50. The trade was a 7.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 51,260 shares of company stock valued at $18,133,971 over the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

Institutional Trading of General Dynamics

A number of institutional investors and hedge funds have recently modified their holdings of GD. Dunhill Financial LLC lifted its stake in shares of General Dynamics by 620.0% in the 3rd quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 62 shares during the period. KERR FINANCIAL PLANNING Corp bought a new stake in General Dynamics during the third quarter valued at approximately $25,000. Dagco Inc. purchased a new stake in General Dynamics during the fourth quarter valued at approximately $25,000. Halbert Hargrove Global Advisors LLC bought a new position in General Dynamics in the third quarter worth approximately $26,000. Finally, Burkett Financial Services LLC boosted its stake in shares of General Dynamics by 650.0% during the 3rd quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 65 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

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.