General Dynamics Co. (NYSE:GD) has been assigned a consensus rating of “Hold” from the eighteen research firms that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $217.27.
A number of research firms have commented on GD. Zacks Investment Research downgraded shares of General Dynamics from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Citigroup reissued a “neutral” rating and set a $215.00 target price (up previously from $210.00) on shares of General Dynamics in a research report on Monday, October 9th. ValuEngine downgraded shares of General Dynamics from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Cowen reissued a “buy” rating and set a $230.00 target price on shares of General Dynamics in a research report on Thursday, October 19th. Finally, Jefferies Group reissued a “buy” rating and set a $236.00 target price on shares of General Dynamics in a research report on Thursday, October 26th.
General Dynamics (NYSE GD) traded down $0.51 during mid-day trading on Tuesday, reaching $204.70. 1,722,578 shares of the company traded hands, compared to its average volume of 1,619,075. The stock has a market cap of $61,120.00, a P/E ratio of 20.33, a PEG ratio of 2.25 and a beta of 0.72. General Dynamics has a 52 week low of $172.43 and a 52 week high of $214.81. The company has a quick ratio of 0.93, a current ratio of 1.37 and a debt-to-equity ratio of 0.34.
General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $2.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.43 by $0.09. The company had revenue of $7.58 billion for the quarter, compared to the consensus estimate of $7.94 billion. General Dynamics had a net margin of 9.94% and a return on equity of 27.98%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.36 EPS. analysts predict that General Dynamics will post 9.8 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 19th will be paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, January 18th. General Dynamics’s dividend payout ratio (DPR) is presently 33.37%.
In related news, insider John Patrick Casey sold 34,945 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $201.38, for a total value of $7,037,224.10. Following the completion of the transaction, the insider now directly owns 144,378 shares in the company, valued at approximately $29,074,841.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Gregory S. Gallopoulos sold 78,370 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $202.93, for a total transaction of $15,903,624.10. The disclosure for this sale can be found here. Insiders own 6.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of GD. Janus Henderson Group PLC grew its holdings in shares of General Dynamics by 44,941.4% during the second quarter. Janus Henderson Group PLC now owns 4,998,693 shares of the aerospace company’s stock worth $990,241,000 after buying an additional 4,987,595 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of General Dynamics by 2,097.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,711,597 shares of the aerospace company’s stock worth $353,351,000 after buying an additional 1,633,700 shares in the last quarter. BlackRock Inc. grew its holdings in shares of General Dynamics by 5.3% during the second quarter. BlackRock Inc. now owns 16,338,831 shares of the aerospace company’s stock worth $3,236,720,000 after buying an additional 829,487 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of General Dynamics by 4.5% during the second quarter. Capital Research Global Investors now owns 16,792,408 shares of the aerospace company’s stock worth $3,326,576,000 after buying an additional 725,896 shares in the last quarter. Finally, Koch Industries Inc. acquired a new position in shares of General Dynamics during the 2nd quarter valued at about $437,000. 86.76% of the stock is owned by institutional investors.
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About General Dynamics
General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.
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