General Dynamics (NYSE:GD) Price Target Raised to $390.00 at TD Cowen

General Dynamics (NYSE:GD) had its price target upped by TD Cowen from $370.00 to $390.00 in a research report report published on Wednesday,MarketScreener reports. TD Cowen currently has a buy rating on the aerospace company’s stock.

Several other research analysts also recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research report on Wednesday, October 8th. Citigroup raised their price objective on shares of General Dynamics from $371.00 to $389.00 and gave the stock a “neutral” rating in a research note on Tuesday. Morgan Stanley set a $385.00 target price on shares of General Dynamics in a research note on Monday, October 27th. Sanford C. Bernstein reiterated a “market perform” rating and set a $398.00 price target on shares of General Dynamics in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $400.00 price target on shares of General Dynamics in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, General Dynamics has a consensus rating of “Moderate Buy” and a consensus price target of $366.70.

General Dynamics Stock Performance

Shares of NYSE:GD traded up $2.60 during trading hours on Wednesday, hitting $368.60. The stock had a trading volume of 1,462,130 shares, compared to its average volume of 1,639,632. The stock’s fifty day simple moving average is $343.54 and its 200 day simple moving average is $329.58. The firm has a market capitalization of $99.57 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 1.61 and a beta of 0.41. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. General Dynamics has a 1-year low of $239.20 and a 1-year high of $368.78.

General Dynamics (NYSE:GD) last announced its earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.69 by $0.19. The firm had revenue of $12.91 billion during 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%. General Dynamics’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Sell-side analysts anticipate that General Dynamics will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 16th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a $6.00 dividend on an annualized basis and a yield of 1.6%. General Dynamics’s payout ratio is 38.89%.

Insiders Place Their Bets

In other General Dynamics news, VP David Paddock sold 20,360 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total value of $6,818,971.20. Following the completion of the sale, the vice president owned 36,644 shares in the company, valued at approximately $12,272,808.48. This trade represents a 35.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On General Dynamics

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings 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 buying an additional 677,665 shares during the last quarter. State Street Corp raised its stake in shares of General Dynamics by 1.1% in the second quarter. State Street Corp now owns 11,140,437 shares of the aerospace company’s stock worth $3,249,220,000 after acquiring an additional 119,664 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of General Dynamics by 5.4% during the third quarter. Ameriprise Financial Inc. now owns 3,627,155 shares of the aerospace company’s stock worth $1,236,900,000 after purchasing an additional 187,435 shares in the last quarter. Northern Trust Corp grew its stake in shares of General Dynamics by 35.0% during the third quarter. Northern Trust Corp now owns 3,332,917 shares of the aerospace company’s stock valued at $1,136,525,000 after purchasing an additional 863,392 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of General Dynamics by 0.4% in the second quarter. Invesco Ltd. now owns 2,385,573 shares of the aerospace company’s stock valued at $695,776,000 after purchasing an additional 9,283 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Trending Headlines about General Dynamics

Here are the key news stories impacting General Dynamics this week:

• Positive Sentiment: Wolfe Research raised its price target to $415 and kept an “outperform” rating — implies roughly 12.6% upside from current levels and reinforces buy-side conviction. Wolfe Research adjusts General Dynamics price target to 415 from 400; maintains outperform rating
• Positive Sentiment: TD Cowen bumped its target to $390 and kept a “buy” rating — another analyst upgrade adding incremental demand from institutional traders. TD Cowen adjusts price target on General Dynamics to 390 from 370; maintains buy rating
• Positive Sentiment: Unusually large options flow: traders bought ~163,813 call contracts (a >10,000% jump vs. average), signaling strong bullish/speculative interest or institutional hedging ahead of catalysts.
• Neutral Sentiment: Market commentary highlights defense and financials as strong sectors for the year, which supports demand for GD as a large diversified defense contractor. Financials and defense stocks have done very well, says Evans May Wealth’s Elizabeth Evans
• Neutral Sentiment: Industry tailwinds: a $1B Pentagon investment is boosting peers (L3Harris) and underscores broader defense spending that benefits GD’s revenue outlook. L3Harris Blasts Off With a $1 Billion Pentagon Payload (GD)
• Neutral Sentiment: Analyst/retail write-ups and valuation pieces are circulating (intrinsic-value and options-activity analyses) — useful for investors but not immediate market-moving by themselves. Estimating The Intrinsic Value Of General Dynamics Corporation (NYSE:GD)
• Negative Sentiment: Political/policy risk: commentary notes proposals (e.g., limiting defense buybacks, capping executive pay) that would be negative for the sector if enacted — however, those measures appear unlikely to pass in their current form. 5 Defense Stocks to Buy on Pentagon Spending Boost

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.