Weekly Investment Analysts’ Ratings Changes for General Dynamics (GD)

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

• 12/19/2024 – General Dynamics was downgraded by analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating. They now have a $290.00 price target on the stock, down previously from $330.00.
• 12/12/2024 – General Dynamics was downgraded by analysts at The Goldman Sachs Group, Inc. from a “neutral” rating to a “sell” rating. They now have a $245.00 price target on the stock, down previously from $283.00.
• 12/12/2024 – General Dynamics had its “hold” rating reaffirmed by analysts at Jefferies Financial Group Inc.. They now have a $300.00 price target on the stock, down previously from $345.00.
• 12/11/2024 – General Dynamics was downgraded by analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating.
• 12/11/2024 – General Dynamics had its price target lowered by analysts at Wells Fargo & Company from $322.00 to $295.00. They now have an “equal weight” rating on the stock.
• 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.

General Dynamics Trading Up 0.3 %

NYSE GD opened at $265.90 on Wednesday. The firm’s 50 day moving average price is $287.68 and its two-hundred day moving average price is $292.25. The stock has a market cap of $73.11 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.63 and a beta of 0.60. General Dynamics Co. has a twelve month low of $247.36 and a twelve month high of $316.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32.

General Dynamics (NYSE:GD) last announced 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). General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The business had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.65 billion. During the same period in the prior year, the company posted $3.04 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. Equities analysts anticipate that General Dynamics Co. will post 13.87 EPS for the current year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be paid a $1.42 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $5.68 annualized dividend and a yield of 2.14%. General Dynamics’s dividend payout ratio is presently 43.26%.

Insiders Place Their Bets

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $280.91, for a total value of $1,556,241.40. Following the transaction, the vice president now directly owns 20,296 shares of the company’s stock, valued at $5,701,349.36. This represents a 21.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On General Dynamics

Several large investors have recently made changes to their positions in GD. MFA Wealth Advisors LLC grew its position in General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 58 shares in the last quarter. Hara Capital LLC acquired a new stake in shares of General Dynamics in the 3rd quarter valued at $26,000. American Capital Advisory LLC bought a new stake in General Dynamics in the second quarter worth $29,000. Lowe Wealth Advisors LLC acquired a new position in General Dynamics during the third quarter worth $30,000. Finally, True Wealth Design LLC bought a new position in General Dynamics during the third quarter valued at about $34,000. Institutional investors own 86.14% of the company’s stock.

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.