General Dynamics Corporation (NYSE:GD) Stock Has Consensus Target Price of $410.84

Shares of General Dynamics Corporation (NYSE:GD) have been assigned a consensus recommendation of “Moderate Buy” from the nineteen analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $407.16.

Several brokerages recently weighed in on GD. Jefferies Financial Group increased their target price on General Dynamics from $400.00 to $440.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research report on Monday, September 28th. Bank of America upped their price target on General Dynamics from $400.00 to $415.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Citigroup cut their price objective on General Dynamics from $404.00 to $374.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Finally, UBS Group lifted their price objective on General Dynamics from $395.00 to $408.00 and gave the company a “neutral” rating in a research note on Tuesday, September 8th.

General Dynamics Price Performance

GD opened at $332.72 on Wednesday. The company’s 50 day simple moving average is $361.42 and its 200 day simple moving average is $355.30. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44. General Dynamics has a 1 year low of $306.77 and a 1 year high of $400.00. The stock has a market capitalization of $90.02 billion, a PE ratio of 20.47, a P/E/G ratio of 1.94 and a beta of 0.33.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, topping the consensus estimate of $3.96 by $0.28. The firm had revenue of $14.09 billion during the quarter, compared to analyst estimates of $13.52 billion. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. General Dynamics’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. As a group, sell-side analysts expect that General Dynamics will post 16.99 EPS for the current year.

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be given a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s dividend payout ratio is 38.80%.

Insider Activity at General Dynamics

In related news, CEO Phebe Novakovic sold 51,568 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $382.58, for a total value of $19,728,885.44. Following the transaction, the chief executive officer owned 766,457 shares in the company, valued at approximately $293,231,119.06. This trade represents a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert K. Steel sold 7,440 shares of General Dynamics stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $346.05, for a total transaction of $2,574,612.00. Following the transaction, the director directly owned 3,096 shares in the company, valued at approximately $1,071,370.80. This trade represents a 70.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 102,188 shares of company stock worth $38,627,265. Company insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On General Dynamics

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of General Dynamics in the second quarter worth $6,840,590,000. Bank of America Corp DE bought a new position in General Dynamics during the 2nd quarter valued at $2,603,527,000. Corient Private Wealth LP bought a new position in General Dynamics during the 2nd quarter valued at $57,986,000. Bank of New York Mellon Corp acquired a new position in General Dynamics during the 2nd quarter worth $429,073,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in General Dynamics during the 2nd quarter worth $224,983,000. 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. The company operates through four primary business segments: Aerospace, Marine Systems, Combat Systems, and Technologies.

Its Aerospace segment designs and manufactures Gulfstream business jets and provides aircraft support services. Marine Systems builds nuclear-powered submarines and surface ships for the U.S. Navy, while Combat Systems produces armored vehicles, combat systems, weapons, and munitions.