Brokerages Set General Dynamics Corporation (NYSE:GD) Target Price at $411.58

Shares of General Dynamics Corporation (NYSE:GD) have been assigned an average rating of “Moderate Buy” from the nineteen brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $411.5789.

A number of research firms have recently commented on GD. TD Cowen increased their target price on shares of General Dynamics from $390.00 to $420.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Susquehanna boosted their target price on shares of General Dynamics from $420.00 to $455.00 and gave the stock a “positive” rating in a report on Thursday, July 30th. Wall Street Zen cut General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $384.00 price objective on shares of General Dynamics in a research report on Thursday, July 30th. Finally, UBS Group increased their target price on shares of General Dynamics from $395.00 to $408.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 8th.

General Dynamics Trading Up 0.2%

GD opened at $356.74 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.44 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $96.52 billion, a price-to-earnings ratio of 21.77, a P/E/G ratio of 2.05 and a beta of 0.32. The company has a 50-day simple moving average of $377.43 and a 200 day simple moving average of $357.64. General Dynamics has a twelve month low of $306.77 and a twelve month high of $400.00.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, beating the consensus estimate of $3.96 by $0.28. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The business had revenue of $14.09 billion during the quarter, compared to the consensus estimate of $13.52 billion. During the same period in the previous year, the business earned $3.74 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Analysts predict that General Dynamics will post 16.99 EPS for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be given a dividend of $1.59 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $6.36 annualized dividend and a dividend yield of 1.8%. General Dynamics’s payout ratio is presently 38.80%.

Insider Activity at General Dynamics

In other news, CEO Phebe N. Novakovic sold 51,568 shares of General Dynamics stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the sale, the chief executive officer directly owned 766,457 shares in the company, valued at $293,231,119.06. The trade was a 6.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark Malcolm sold 5,480 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total value of $2,000,200.00. Following the completion of the transaction, the director owned 10,643 shares in the company, valued at approximately $3,884,695. The trade was a 33.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 100,228 shares of company stock valued at $38,052,853. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On General Dynamics

Institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System lifted its stake in shares of General Dynamics by 35,603.0% in the second quarter. California State Teachers Retirement System now owns 126,417,629 shares of the aerospace company’s stock worth $44,782,181,000 after buying an additional 126,063,548 shares in the last quarter. BlackRock Inc. purchased a new stake in General Dynamics during the second quarter valued at $6,840,590,000. State Street Corp boosted its holdings in shares of General Dynamics by 2.7% in the fourth quarter. State Street Corp now owns 11,323,170 shares of the aerospace company’s stock worth $3,812,058,000 after buying an additional 294,456 shares during the last quarter. Bank of America Corp DE bought a new position in General Dynamics in the second quarter worth approximately $2,603,527,000. Finally, Geode Capital Management LLC boosted its stake in shares of General Dynamics by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 6,065,462 shares of the aerospace company’s stock worth $2,039,742,000 after acquiring an additional 195,604 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

About General Dynamics

General Dynamics Corporation (NYSE:GD) is an aerospace and defense company that develops and delivers products and services for government and commercial customers. Its operations are organized across four principal business areas: Aerospace, Marine Systems, Combat Systems and Technologies.

Through its Aerospace business, General Dynamics manufactures Gulfstream business jets and provides aircraft maintenance, repair and refurbishment services. Its Marine Systems businesses design and build nuclear-powered submarines and surface ships, while Combat Systems produces military vehicles, weapons systems and munitions.