General Dynamics (NYSE:GD) Given New $444.00 Price Target at Seaport Research Partners

General Dynamics (NYSE:GD) had its target price boosted by investment analysts at Seaport Research Partners from $376.00 to $444.00 in a note issued to investors on Thursday,MarketScreener reports. The brokerage presently has a “buy” rating on the aerospace company’s stock. Seaport Research Partners’ price objective points to a potential upside of 21.90% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Vertical Research raised General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price objective for the company in a research report on Monday, October 27th. Robert W. Baird set a $390.00 target price on shares of General Dynamics in a research note on Monday, October 27th. Citigroup raised their price target on shares of General Dynamics from $371.00 to $389.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Bank of America upped their price objective on shares of General Dynamics from $370.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Finally, TD Cowen increased their target price on shares of General Dynamics from $370.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $366.70.

General Dynamics Stock Performance

Shares of GD opened at $364.24 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. General Dynamics has a one year low of $239.20 and a one year high of $369.70. The company’s fifty day moving average price is $345.32 and its 200 day moving average price is $332.09. The company has a market capitalization of $98.39 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 1.59 and a beta of 0.41.

General Dynamics (NYSE:GD) last posted 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. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The business had revenue of $12.91 billion for the quarter, compared to analyst estimates of $12.49 billion. During the same period in the previous year, the company posted $3.35 earnings per share. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, analysts expect that General Dynamics will post 14.83 earnings per share for the current year.

Insider Activity at General Dynamics

In related news, VP David Paddock sold 20,360 shares of the business’s stock in a transaction 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 sale, the vice president owned 36,644 shares of the company’s stock, valued at $12,272,808.48. The trade was a 35.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On General Dynamics

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Gold Investment Management Ltd. raised its position in shares of 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 buying an additional 4,532 shares in the last quarter. Truist Financial Corp increased its position in shares of General Dynamics by 0.5% in the second quarter. Truist Financial Corp now owns 286,456 shares of the aerospace company’s stock worth $83,548,000 after purchasing an additional 1,370 shares during the period. Pure Financial Advisors LLC grew its stake in General Dynamics by 52.4% during the second quarter. Pure Financial Advisors LLC now owns 9,181 shares of the aerospace company’s stock worth $2,678,000 after buying an additional 3,156 shares in the last quarter. Davis Capital Management acquired a new position in shares of General Dynamics in the 3rd quarter valued at approximately $1,007,000. Finally, Los Angeles Capital Management LLC lifted its stake in General Dynamics by 20.9% during the second quarter. Los Angeles Capital Management LLC now owns 299,137 shares of the aerospace company’s stock worth $87,246,000 after purchasing an additional 51,655 shares during the last quarter. 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.