General Dynamics (NYSE:GD) Coverage Initiated by Analysts at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of General Dynamics (NYSE:GD) in a report released on Wednesday. The firm set an “overweight” rating and a $400.00 price target on the aerospace company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 16.44% from the company’s previous close.

A number of other equities analysts have also commented on the company. Sanford C. Bernstein reiterated a “market perform” rating and issued a $398.00 price objective on shares of General Dynamics in a research note on Monday, January 12th. Wolfe Research raised their target price on General Dynamics from $400.00 to $415.00 and gave the company an “outperform” rating in a report on Monday, January 12th. Citigroup lifted their price target on General Dynamics from $371.00 to $389.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. JPMorgan Chase & Co. increased their price objective on General Dynamics from $380.00 to $385.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. Finally, Jefferies Financial Group upped their target price on shares of General Dynamics from $360.00 to $385.00 and gave the company a “hold” rating in a research note on Sunday, February 1st. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, General Dynamics presently has an average rating of “Moderate Buy” and an average target price of $384.89.

General Dynamics Trading Up 0.8%

NYSE:GD opened at $343.52 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $353.79 and its 200-day moving average is $345.95. The firm has a market cap of $93.04 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 2.03 and a beta of 0.39. General Dynamics has a 12 month low of $239.20 and a 12 month high of $369.70.

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

Insider Transactions at General Dynamics

In other news, EVP Mark Lagrand Burns sold 10,153 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $354.95, for a total transaction of $3,603,807.35. Following the sale, the executive vice president directly owned 38,975 shares in the company, valued at approximately $13,834,176.25. The trade was a 20.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Mark Rayha sold 4,370 shares of General Dynamics stock in a transaction on Friday, February 13th. The stock was sold at an average price of $348.79, for a total transaction of $1,524,212.30. Following the sale, the vice president owned 7,936 shares in the company, valued at $2,767,997.44. This represents a 35.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 51,260 shares of company stock worth $18,133,971 over the last quarter. 1.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On General Dynamics

A number of institutional investors have recently added to or reduced their stakes in the stock. WASHINGTON TRUST Co boosted its holdings in shares of General Dynamics by 453.3% in the 3rd quarter. WASHINGTON TRUST Co now owns 9,418 shares of the aerospace company’s stock worth $3,212,000 after acquiring an additional 7,716 shares in the last quarter. Rockland Trust Co. increased its holdings in General Dynamics by 703.4% during the 3rd quarter. Rockland Trust Co. now owns 10,548 shares of the aerospace company’s stock valued at $3,597,000 after purchasing an additional 9,235 shares in the last quarter. Gold Investment Management Ltd. raised its position in General Dynamics by 73.5% in the 3rd quarter. Gold Investment Management Ltd. now owns 10,700 shares of the aerospace company’s stock valued at $3,649,000 after purchasing an additional 4,532 shares during the last quarter. 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 worth $312,842,000 after purchasing an additional 32,262 shares in the last quarter. Finally, Davis Capital Management bought a new stake in shares of General Dynamics during the third quarter worth $1,007,000. 86.14% of the stock is owned by institutional investors and hedge funds.

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.