General Dynamics (NYSE:GD) Price Target Raised to $415.00

General Dynamics (NYSE:GD) had its target price increased by Wolfe Research from $400.00 to $415.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The brokerage currently has an “outperform” rating on the aerospace company’s stock. Wolfe Research’s price target indicates a potential upside of 12.59% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Seaport Res Ptn upgraded General Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Susquehanna reissued a “positive” rating and issued a $420.00 price objective on shares of General Dynamics in a research report on Thursday. Citigroup increased their target price on shares of General Dynamics from $371.00 to $389.00 and gave the stock a “neutral” rating in a report on Tuesday. Vertical Research upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price target on the stock in a research note on Monday, October 27th. Finally, Argus boosted their price target on shares of General Dynamics from $345.00 to $380.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $366.70.

General Dynamics Stock Up 0.7%

GD traded up $2.60 during trading on Monday, reaching $368.60. The company had a trading volume of 1,462,130 shares, compared to its average volume of 1,639,632. The company has a market cap of $99.57 billion, a P/E ratio of 23.89, a PEG ratio of 1.61 and a beta of 0.41. General Dynamics has a 12 month low of $239.20 and a 12 month high of $368.78. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. The business’s fifty day moving average price is $343.54 and its 200 day moving average price is $329.58.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.69 by $0.19. The business had revenue of $12.91 billion for the quarter, compared to analyst estimates of $12.49 billion. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the business posted $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Equities analysts anticipate that General Dynamics will post 14.83 EPS for the current year.

Insider Transactions at General Dynamics

In other General Dynamics news, VP David Paddock sold 20,360 shares of General Dynamics stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the completion of the transaction, the vice president directly owned 36,644 shares of the company’s stock, valued at $12,272,808.48. The trade was a 35.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Institutional Trading of General Dynamics

A number of hedge funds have recently modified their holdings of GD. Vanguard Group Inc. grew its position in shares of General Dynamics by 2.9% in the third quarter. Vanguard Group Inc. now owns 24,238,561 shares of the aerospace company’s stock valued at $8,265,349,000 after purchasing an additional 677,665 shares during the last quarter. State Street Corp lifted its holdings in General Dynamics by 1.1% during the 2nd quarter. State Street Corp now owns 11,140,437 shares of the aerospace company’s stock worth $3,249,220,000 after purchasing an additional 119,664 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in General Dynamics by 5.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,627,155 shares of the aerospace company’s stock valued at $1,236,900,000 after purchasing an additional 187,435 shares during the period. Northern Trust Corp grew its holdings in General Dynamics by 35.0% in the 3rd quarter. Northern Trust Corp now owns 3,332,917 shares of the aerospace company’s stock valued at $1,136,525,000 after buying an additional 863,392 shares in the last quarter. Finally, Invesco Ltd. increased its position in General Dynamics by 0.4% during the 2nd quarter. Invesco Ltd. now owns 2,385,573 shares of the aerospace company’s stock worth $695,776,000 after buying an additional 9,283 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

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.