Research Analysts’ Recent Ratings Updates for General Dynamics (GD)

General Dynamics (NYSE: GD) has recently received a number of price target changes and ratings updates:

• 11/1/2024 – General Dynamics had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $309.00 to $306.00. They now have a “hold” rating on the stock.
• 10/29/2024 – General Dynamics had its price target raised by analysts at Barclays PLC from $325.00 to $330.00. They now have an “overweight” rating on the stock.
• 10/24/2024 – General Dynamics had its price target raised by analysts at Royal Bank of Canada from $320.00 to $330.00. They now have an “outperform” rating on the stock.
• 10/24/2024 – General Dynamics had its price target lowered by analysts at Sanford C. Bernstein from $343.00 to $331.00. They now have a “market perform” rating on the stock.
• 10/24/2024 – General Dynamics had its price target raised by analysts at Wells Fargo & Company from $317.00 to $322.00. They now have an “equal weight” rating on the stock.
• 10/17/2024 – General Dynamics had its price target raised by analysts at Susquehanna from $333.00 to $352.00. They now have a “positive” rating on the stock.
• 10/11/2024 – General Dynamics was downgraded by analysts at Seaport Res Ptn from a “strong-buy” rating to a “hold” rating.
• 10/10/2024 – General Dynamics had its price target raised by analysts at Citigroup Inc. from $331.00 to $354.00. They now have a “buy” rating on the stock.
• 10/8/2024 – General Dynamics was upgraded by analysts at TD Cowen to a “strong-buy” rating.
• 10/3/2024 – General Dynamics had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $320.00 to $314.00. They now have a “hold” rating on the stock.
• 10/1/2024 – General Dynamics was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating. They now have a $317.00 price target on the stock, down previously from $334.00.

General Dynamics Price Performance

NYSE GD opened at $313.97 on Thursday. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 0.32. The company has a fifty day simple moving average of $302.25 and a 200 day simple moving average of $296.11. The company has a market cap of $86.33 billion, a P/E ratio of 23.91, a P/E/G ratio of 1.89 and a beta of 0.61. General Dynamics Co. has a 1 year low of $243.87 and a 1 year high of $316.90.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.48 by ($0.13). The firm had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.65 billion. General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. General Dynamics’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.04 earnings per share. On average, sell-side analysts predict that General Dynamics Co. will post 13.97 EPS for the current year.

Insider Buying and Selling

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $308.05, for a total value of $406,626.00. Following the completion of the sale, the director now directly owns 3,592 shares of the company’s stock, valued at $1,106,515.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.52% of the stock is owned by insiders.

Institutional Trading of General Dynamics

Hedge funds have recently bought and sold shares of the stock. Coston McIsaac & Partners lifted its holdings in shares of General Dynamics by 22.8% during the 3rd quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 33 shares during the period. Global X Japan Co. Ltd. lifted its holdings in shares of General Dynamics by 2.3% during the 3rd quarter. Global X Japan Co. Ltd. now owns 1,482 shares of the aerospace company’s stock worth $448,000 after acquiring an additional 33 shares during the period. Grove Bank & Trust lifted its holdings in shares of General Dynamics by 10.6% during the 3rd quarter. Grove Bank & Trust now owns 354 shares of the aerospace company’s stock worth $107,000 after acquiring an additional 34 shares during the period. Trueblood Wealth Management LLC lifted its holdings in shares of General Dynamics by 1.6% during the 3rd quarter. Trueblood Wealth Management LLC now owns 2,223 shares of the aerospace company’s stock worth $672,000 after acquiring an additional 34 shares during the period. Finally, Modera Wealth Management LLC lifted its holdings in shares of General Dynamics by 0.4% during the 2nd quarter. Modera Wealth Management LLC now owns 8,120 shares of the aerospace company’s stock worth $2,356,000 after acquiring an additional 35 shares during the period. 86.14% of the stock is owned by institutional investors.

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.