General Dynamics (NYSE:GD) Given New $390.00 Price Target at BNP Paribas Exane

General Dynamics (NYSE:GD) had its target price cut by BNP Paribas Exane from $430.00 to $390.00 in a research report released on Thursday morning,MarketScreener reports. They currently have an outperform rating on the aerospace company’s stock.

GD has been the subject of several other reports. JPMorgan Chase & Co. upped their price objective on shares of General Dynamics from $385.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday. Wells Fargo & Company initiated coverage on shares of General Dynamics in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $400.00 price target for the company. Susquehanna restated a “positive” rating and issued a $420.00 price objective on shares of General Dynamics in a report on Thursday, January 15th. Bank of America reiterated a “buy” rating and set a $400.00 target price on shares of General Dynamics in a report on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft lowered General Dynamics from a “buy” rating to a “hold” rating and set a $387.00 target price for the company. in a research report on Wednesday, April 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $387.70.

General Dynamics Trading Up 0.4%

Shares of NYSE GD traded up $1.45 during mid-day trading on Thursday, hitting $345.75. The stock had a trading volume of 150,100 shares, compared to its average volume of 1,430,249. The business has a 50 day moving average price of $345.59 and a two-hundred day moving average price of $346.18. General Dynamics has a 1 year low of $266.98 and a 1 year high of $369.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.89 and a current ratio of 1.38. The firm has a market cap of $93.65 billion, a P/E ratio of 21.76, a price-to-earnings-growth ratio of 2.26 and a beta of 0.38.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share for the quarter, beating the consensus estimate of $3.67 by $0.43. The business had revenue of $13.48 billion during the quarter, compared to analysts’ expectations of $12.70 billion. General Dynamics had a net margin of 8.07% and a return on equity of 17.41%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.66 EPS. On average, equities analysts anticipate that General Dynamics will post 16.3 EPS for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 10th will be paid a dividend of $1.59 per share. This is a positive change from General Dynamics’s previous quarterly dividend of $1.50. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, April 10th. General Dynamics’s payout ratio is 41.17%.

Insider Buying and Selling

In related news, CEO Phebe N. Novakovic sold 32,918 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $354.09, for a total value of $11,655,934.62. Following the sale, the chief executive officer owned 766,457 shares in the company, valued at $271,394,759.13. This represents a 4.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Marguerite Amy Gilliland sold 3,819 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $353.50, for a total value of $1,350,016.50. Following the transaction, the executive vice president directly owned 44,767 shares of the company’s stock, valued at approximately $15,825,134.50. This trade represents a 7.86% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 51,260 shares of company stock valued at $18,133,971. 1.40% of the stock is owned by company insiders.

Institutional Trading of General Dynamics

Several institutional investors have recently bought and sold shares of GD. AQR Capital Management LLC lifted its stake in shares of General Dynamics by 118.3% in the third quarter. AQR Capital Management LLC now owns 1,663,847 shares of the aerospace company’s stock worth $567,372,000 after buying an additional 901,679 shares in the last quarter. Northern Trust Corp raised its holdings in General Dynamics by 35.0% in the 3rd quarter. Northern Trust Corp now owns 3,332,917 shares of the aerospace company’s stock worth $1,136,525,000 after acquiring an additional 863,392 shares during the last quarter. Vanguard Group Inc. lifted its position in General Dynamics by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 24,238,561 shares of the aerospace company’s stock valued at $8,265,349,000 after acquiring an additional 677,665 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in General Dynamics by 831.1% in the 3rd quarter. Balyasny Asset Management L.P. now owns 737,259 shares of the aerospace company’s stock valued at $251,405,000 after acquiring an additional 658,081 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of General Dynamics by 6,680.8% in the 4th quarter. SG Americas Securities LLC now owns 591,488 shares of the aerospace company’s stock worth $199,130,000 after purchasing an additional 582,765 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics News Roundup

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

• Positive Sentiment: Q1 beat and raised full?year guidance — GD reported Q1 revenue of about $13.5B and EPS of $4.10, topped estimates, said companywide bookings were ~$26.6B and backlog near $131B, and raised 2026 EPS guidance to $16.45–$16.55, giving clearer earnings visibility. Why General Dynamics (GD) Is Up 5.6% After Raising 2026 EPS Guidance On Marine Strength
• Positive Sentiment: Analyst upgrades and higher price targets — Morgan Stanley and JPMorgan raised targets and kept/added overweight ratings (MS target raised to $435; JPMorgan to $400), which supports upside expectations and likely helped buying interest. General Dynamics (NYSE:GD) Given New $435.00 Price Target at Morgan Stanley Benzinga: JPMorgan raises price target
• Positive Sentiment: Marine/shipbuilding momentum — Management highlighted improved shipyard productivity and contract progress (including Columbia?class sub tracking) as a driver of the upgraded outlook and order flow, supporting longer?term revenue visibility. First Columbia-class Sub Tracking to 2028 Delivery, General Dynamics Says
• Neutral Sentiment: Mixed analyst views remain — Some firms (e.g., RBC) simply reaffirmed coverage and a $385 target (sector perform), reflecting differing views on valuation vs. defense order strength. That keeps a range of opinions on potential upside. Benzinga: RBC reaffirms sector perform

About General Dynamics

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.