Argus upgraded shares of General Dynamics (NYSE:GD) to a buy rating in a research report sent to investors on Tuesday, January 30th. They currently have $250.00 price target on the aerospace company’s stock, up from their previous price target of $230.00.
Other research analysts have also recently issued reports about the company. Royal Bank of Canada upped their price objective on General Dynamics to $258.00 and gave the stock an outperform rating in a research report on Thursday, January 25th. Jefferies Group upped their price objective on General Dynamics to $247.00 and gave the stock a buy rating in a research report on Thursday, January 25th. They noted that the move was a valuation call. Bank of America increased their price target on General Dynamics from $245.00 to $260.00 and gave the company a buy rating in a research report on Thursday, January 25th. Zacks Investment Research cut General Dynamics from a buy rating to a hold rating in a research report on Thursday, January 25th. Finally, Citigroup raised their price objective on General Dynamics from $215.00 to $235.00 and gave the company a neutral rating in a research report on Thursday, January 25th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. General Dynamics presently has a consensus rating of Hold and an average price target of $232.09.
Shares of General Dynamics (NYSE:GD) opened at $218.25 on Tuesday. The firm has a market capitalization of $65,170.00, a price-to-earnings ratio of 22.76, a PEG ratio of 2.22 and a beta of 0.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.99 and a current ratio of 1.40. General Dynamics has a 52-week low of $183.72 and a 52-week high of $229.54.
General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.13. General Dynamics had a return on equity of 27.22% and a net margin of 9.40%. The business had revenue of $8.28 billion during the quarter, compared to the consensus estimate of $8.40 billion. During the same quarter in the prior year, the company posted $1.89 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. research analysts forecast that General Dynamics will post 11.1 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, January 19th were issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Thursday, January 18th. General Dynamics’s payout ratio is presently 35.04%.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Quadrant Capital Group LLC raised its position in shares of General Dynamics by 6.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 645 shares of the aerospace company’s stock worth $110,000 after acquiring an additional 37 shares in the last quarter. Highlander Capital Management LLC raised its position in shares of General Dynamics by 101.4% in the 4th quarter. Highlander Capital Management LLC now owns 596 shares of the aerospace company’s stock worth $121,000 after acquiring an additional 300 shares in the last quarter. Resources Investment Advisors Inc. raised its position in shares of General Dynamics by 92.3% in the 4th quarter. Resources Investment Advisors Inc. now owns 625 shares of the aerospace company’s stock worth $127,000 after acquiring an additional 300 shares in the last quarter. NuWave Investment Management LLC bought a new position in shares of General Dynamics in the 4th quarter worth about $130,000. Finally, WFG Advisors LP raised its position in shares of General Dynamics by 0.3% in the 2nd quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock worth $132,000 after acquiring an additional 2 shares in the last quarter. 87.03% of the stock is currently owned by hedge funds and other institutional investors.
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General Dynamics Company Profile
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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