General Dynamics (NYSE:GD) Upgraded at Seaport Res Ptn

0
2

[ad_1]

Seaport Res Ptn upgraded shares of General Dynamics (NYSE:GDFree Report) from a hold rating to a strong-buy rating in a research report report published on Monday,Zacks.com reports. Seaport Res Ptn also issued estimates for General Dynamics’ Q3 2025 earnings at $3.68 EPS, Q4 2025 earnings at $4.16 EPS, FY2025 earnings at $15.24 EPS, Q1 2026 earnings at $3.90 EPS, Q2 2026 earnings at $4.13 EPS, Q3 2026 earnings at $4.25 EPS, Q4 2026 earnings at $4.65 EPS, FY2026 earnings at $16.93 EPS, Q1 2027 earnings at $4.22 EPS, Q2 2027 earnings at $4.46 EPS and FY2027 earnings at $18.56 EPS.

A number of other analysts have also issued reports on GD. Deutsche Bank Aktiengesellschaft upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and raised their target price for the stock from $298.00 to $342.00 in a research report on Tuesday, July 8th. JPMorgan Chase & Co. raised their price objective on General Dynamics from $284.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Barclays upped their target price on General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Citigroup raised their price target on General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Finally, Robert W. Baird upped their price objective on shares of General Dynamics from $283.00 to $350.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Dynamics presently has a consensus rating of “Hold” and a consensus target price of $315.78.

Check Out Our Latest Research Report on GD

General Dynamics Stock Down 0.0%

Want More Great Investing Ideas?

Shares of NYSE:GD opened at $340.96 on Monday. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $91.71 billion, a P/E ratio of 22.88, a P/E/G ratio of 2.09 and a beta of 0.47. General Dynamics has a 52-week low of $239.20 and a 52-week high of $341.19. The stock’s fifty day simple moving average is $320.78 and its 200-day simple moving average is $293.08.

General Dynamics (NYSE:GDGet Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.27. The firm had revenue of $13.04 billion during the quarter, compared to analysts’ expectations of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, equities research analysts forecast that General Dynamics will post 14.83 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be issued a $1.50 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.00 annualized dividend and a yield of 1.8%. General Dynamics’s dividend payout ratio (DPR) is presently 40.27%.

Insider Activity at General Dynamics

In other news, VP Christopher J. Brady sold 8,150 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $321.18, for a total value of $2,617,617.00. Following the completion of the sale, the vice president owned 22,818 shares of the company’s stock, valued at $7,328,685.24. This represents a 26.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the firm’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the completion of the transaction, the executive vice president directly owned 45,192 shares in the company, valued at approximately $14,244,518.40. This represents a 42.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold 275,020 shares of company stock valued at $86,414,503 over the last quarter. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GD. Brighton Jones LLC increased its position in shares of General Dynamics by 16.9% during the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after acquiring an additional 417 shares during the last quarter. NBC Securities Inc. grew its stake in General Dynamics by 107,042.9% during the 1st quarter. NBC Securities Inc. now owns 7,500 shares of the aerospace company’s stock valued at $2,044,000 after purchasing an additional 7,493 shares in the last quarter. Merit Financial Group LLC increased its holdings in General Dynamics by 28.9% during the 1st quarter. Merit Financial Group LLC now owns 11,154 shares of the aerospace company’s stock worth $3,040,000 after purchasing an additional 2,501 shares during the last quarter. Fulton Bank N.A. raised its position in shares of General Dynamics by 2.3% in the 1st quarter. Fulton Bank N.A. now owns 2,942 shares of the aerospace company’s stock valued at $802,000 after purchasing an additional 67 shares in the last quarter. Finally, Sentry Investment Management LLC boosted its stake in shares of General Dynamics by 6.8% during the 1st quarter. Sentry Investment Management LLC now owns 815 shares of the aerospace company’s stock valued at $202,000 after buying an additional 52 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for General Dynamics (NYSE:GD)



Receive News & Ratings for General Dynamics Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for General Dynamics and related companies with MarketBeat.com’s FREE daily email newsletter.

[ad_2]

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here