Shares of General Dynamics Co. (NYSE:GD – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $315.06.
Several equities research analysts recently weighed in on GD shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of General Dynamics in a research note on Monday, July 29th. BTIG Research began coverage on General Dynamics in a report on Wednesday, June 26th. They set a “buy” rating and a $345.00 price objective on the stock. Wells Fargo & Company upped their target price on General Dynamics from $330.00 to $334.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Robert W. Baird reiterated an “outperform” rating and set a $345.00 price target on shares of General Dynamics in a research note on Tuesday, July 2nd. Finally, Barclays raised their price objective on shares of General Dynamics from $310.00 to $325.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th.
Read Our Latest Research Report on GD
Insider Buying and Selling at General Dynamics
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Gladstone Capital Management LLP bought a new position in General Dynamics in the fourth quarter valued at about $3,869,000. SWP Financial LLC acquired a new stake in shares of General Dynamics during the 4th quarter worth approximately $227,000. Sanibel Captiva Trust Company Inc. bought a new stake in shares of General Dynamics during the fourth quarter worth approximately $28,107,000. Evercore Wealth Management LLC lifted its holdings in General Dynamics by 1.5% in the fourth quarter. Evercore Wealth Management LLC now owns 5,355 shares of the aerospace company’s stock valued at $1,391,000 after buying an additional 78 shares during the period. Finally, TD Asset Management Inc boosted its stake in General Dynamics by 7.2% in the fourth quarter. TD Asset Management Inc now owns 80,280 shares of the aerospace company’s stock valued at $20,846,000 after acquiring an additional 5,405 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.
General Dynamics Stock Up 0.4 %
Shares of GD stock opened at $308.09 on Tuesday. General Dynamics has a 12 month low of $214.53 and a 12 month high of $309.97. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.33. The firm has a market cap of $84.53 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 1.64 and a beta of 0.61. The stock has a 50 day moving average of $295.24 and a 200-day moving average of $291.46.
General Dynamics (NYSE:GD – Get Free Report) last released its earnings results on Wednesday, July 24th. The aerospace company reported $3.26 EPS for the quarter, missing the consensus estimate of $3.30 by ($0.04). The company had revenue of $11.98 billion for the quarter, compared to analyst estimates of $11.46 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. General Dynamics’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.70 earnings per share. On average, equities analysts predict that General Dynamics will post 14.52 EPS for the current year.
General Dynamics Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $5.68 annualized dividend and a yield of 1.84%. General Dynamics’s dividend payout ratio (DPR) is 46.33%.
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.
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