Shares of General Dynamics Co. (NYSE:GD) have been given an average rating of “Hold” by the twenty-one research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $234.67.
GD has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of General Dynamics from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Royal Bank of Canada set a $239.00 price target on shares of General Dynamics and gave the stock a “buy” rating in a research report on Wednesday, November 15th. ValuEngine lowered shares of General Dynamics from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. JPMorgan Chase & Co. lowered shares of General Dynamics from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $225.00 to $215.00 in a report on Tuesday, December 12th. Finally, Jefferies Group reiterated a “buy” rating and issued a $237.00 target price on shares of General Dynamics in a report on Monday, January 8th.
In other news, Director John M. Keane sold 1,800 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $216.43, for a total value of $389,574.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John Patrick Casey sold 9,304 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $215.29, for a total transaction of $2,003,058.16. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Caisse DE Depot ET Placement DU Quebec increased its stake in General Dynamics by 2,097.3% during the 3rd 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 during the period. American Century Companies Inc. increased its stake in General Dynamics by 9,395.8% during the 4th quarter. American Century Companies Inc. now owns 452,570 shares of the aerospace company’s stock worth $92,075,000 after buying an additional 447,804 shares during the period. Renaissance Technologies LLC increased its stake in General Dynamics by 119.3% during the 4th quarter. Renaissance Technologies LLC now owns 703,800 shares of the aerospace company’s stock worth $143,188,000 after buying an additional 382,883 shares during the period. Alyeska Investment Group L.P. increased its stake in General Dynamics by 82.6% during the 3rd quarter. Alyeska Investment Group L.P. now owns 697,511 shares of the aerospace company’s stock worth $143,394,000 after buying an additional 315,512 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in General Dynamics by 233.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 450,000 shares of the aerospace company’s stock worth $92,511,000 after buying an additional 315,000 shares during the period. 86.88% of the stock is currently owned by institutional investors and hedge funds.
General Dynamics (GD) traded up $0.86 on Wednesday, reaching $221.00. 1,030,000 shares of the company were exchanged, compared to its average volume of 1,980,000. The firm has a market capitalization of $65,620.00, a price-to-earnings ratio of 22.12, a PEG ratio of 2.33 and a beta of 0.85. General Dynamics has a 52-week low of $183.72 and a 52-week high of $229.54. The company has a quick ratio of 0.99, a current ratio of 1.40 and a debt-to-equity ratio of 0.35.
General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.13. The firm had revenue of $8.28 billion for the quarter, compared to analyst estimates of $8.40 billion. General Dynamics had a net margin of 9.40% and a return on equity of 27.22%. General Dynamics’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.89 earnings per share. equities analysts anticipate that General Dynamics will post 11.1 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, January 19th were paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Thursday, January 18th. General Dynamics’s dividend payout ratio (DPR) is 33.63%.
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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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