General Dynamics (NYSE:GD) Downgraded by Deutsche Bank Aktiengesellschaft to “Hold”

General Dynamics (NYSE:GD) was downgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Finviz reports. They presently have a $387.00 price objective on the aerospace company’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 11.23% from the company’s current price.

GD has been the topic of several other reports. UBS Group set a $393.00 price objective on General Dynamics in a research report on Thursday, January 29th. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research report on Thursday, January 22nd. Sanford C. Bernstein reissued a “market perform” rating and issued a $398.00 price objective on shares of General Dynamics in a research report on Monday, January 12th. Citigroup cut their price objective on General Dynamics from $389.00 to $380.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. Finally, TD Cowen raised their price objective on General Dynamics from $370.00 to $390.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, General Dynamics presently has a consensus rating of “Moderate Buy” and an average target price of $383.47.

General Dynamics Price Performance

Shares of General Dynamics stock opened at $347.92 on Wednesday. General Dynamics has a twelve month low of $249.92 and a twelve month high of $369.70. The stock has a market capitalization of $94.23 billion, a P/E ratio of 22.52, a PEG ratio of 2.08 and a beta of 0.38. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 0.27. The business’s fifty day moving average price is $352.27 and its 200 day moving average price is $346.80.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share for the quarter, beating analysts’ consensus estimates of $4.11 by $0.06. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.The firm had revenue of $14.38 billion for the quarter, compared to analysts’ expectations of $13.77 billion. During the same quarter last year, the firm earned $4.15 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. As a group, research analysts anticipate that General Dynamics will post 14.83 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Phebe N. Novakovic sold 32,918 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $354.09, for a total value of $11,655,934.62. Following the completion of the sale, the chief executive officer directly owned 766,457 shares of the company’s stock, valued at $271,394,759.13. The trade was a 4.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark Lagrand Burns sold 10,153 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 38,975 shares of the company’s stock, valued at approximately $13,834,176.25. This represents a 20.67% decrease in their ownership of the stock. 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 in the last three months. 1.40% of the stock is owned by insiders.

Institutional Trading of General Dynamics

Several hedge funds and other institutional investors have recently bought and sold shares of GD. WASHINGTON TRUST Co boosted its stake in General Dynamics by 453.3% in the third quarter. WASHINGTON TRUST Co now owns 9,418 shares of the aerospace company’s stock valued at $3,212,000 after acquiring an additional 7,716 shares during the period. Rockland Trust Co. boosted its stake in General Dynamics by 703.4% in the third quarter. Rockland Trust Co. now owns 10,548 shares of the aerospace company’s stock valued at $3,597,000 after acquiring an additional 9,235 shares during the period. Gold Investment Management Ltd. boosted its stake in General Dynamics by 73.5% in the third quarter. Gold Investment Management Ltd. now owns 10,700 shares of the aerospace company’s stock valued at $3,649,000 after acquiring an additional 4,532 shares during the period. Envestnet Asset Management Inc. boosted its stake in General Dynamics by 3.6% in the third quarter. Envestnet Asset Management Inc. now owns 917,424 shares of the aerospace company’s stock valued at $312,842,000 after acquiring an additional 32,262 shares during the period. Finally, Davis Capital Management acquired a new position in General Dynamics in the third quarter valued at approximately $1,007,000. 86.14% of the stock is owned by institutional investors.

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.