General Dynamics (GD) Expected to Announce Earnings on Wednesday

General Dynamics (NYSE:GD - Get Free Report) is expected to release its earnings data before the market opens on Wednesday, April 23rd. Analysts expect General Dynamics to post earnings of $3.43 per share and revenue of $11.92 billion for the quarter. General Dynamics has set its FY 2025 guidance at 14.750-14.850 EPS.Persons that wish to register for the company's earnings conference call can do so using this link.

General Dynamics (NYSE:GD - Get Free Report) last posted its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. On average, analysts expect General Dynamics to post $15 EPS for the current fiscal year and $17 EPS for the next fiscal year.

General Dynamics Stock Down 0.3 %

General Dynamics stock traded down $0.93 during trading on Friday, reaching $275.70. The stock had a trading volume of 1,721,990 shares, compared to its average volume of 1,357,567. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. General Dynamics has a 52-week low of $239.20 and a 52-week high of $316.90. The stock has a market cap of $73.99 billion, a PE ratio of 20.21, a P/E/G ratio of 1.69 and a beta of 0.43. The business has a 50 day moving average price of $261.16 and a 200 day moving average price of $273.30.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 11th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.18%. This is an increase from General Dynamics's previous quarterly dividend of $1.42. General Dynamics's payout ratio is presently 43.99%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on GD shares. William Blair downgraded General Dynamics from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of General Dynamics from $303.00 to $295.00 and set a "hold" rating for the company in a research note on Thursday, January 2nd. BTIG Research downgraded General Dynamics from a "buy" rating to a "neutral" rating in a research note on Thursday, February 13th. Wells Fargo & Company decreased their price objective on General Dynamics from $261.00 to $236.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Finally, Morgan Stanley downgraded shares of General Dynamics from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $315.00 to $305.00 in a research report on Wednesday. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, General Dynamics presently has a consensus rating of "Hold" and a consensus target price of $294.47.

Insider Activity at General Dynamics

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $272.11, for a total value of $7,499,895.82. Following the completion of the transaction, the senior vice president now owns 45,192 shares of the company's stock, valued at $12,297,195.12. The trade was a 37.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Laura J. Schumacher sold 1,796 shares of General Dynamics stock in a transaction on Friday, January 31st. The shares were sold at an average price of $255.68, for a total transaction of $459,201.28. Following the completion of the transaction, the director now owns 11,175 shares in the company, valued at approximately $2,857,224. This trade represents a 13.85 % decrease in their position. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On General Dynamics

A hedge fund recently raised its stake in General Dynamics stock. Brighton Jones LLC increased its stake in General Dynamics Co. (NYSE:GD - Free Report) by 16.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,885 shares of the aerospace company's stock after purchasing an additional 417 shares during the period. Brighton Jones LLC's holdings in General Dynamics were worth $760,000 at the end of the most recent reporting period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

About General Dynamics

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.