General Dynamics (NYSE:GD) Hits New 1-Year High at $269.50

General Dynamics Co. (NYSE:GDGet Free Report)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $269.50 and last traded at $269.21, with a volume of 42715 shares trading hands. The stock had previously closed at $267.69.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on GD shares. UBS Group lifted their price objective on shares of General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Susquehanna upped their price objective on General Dynamics from $270.00 to $285.00 and gave the company a “positive” rating in a research report on Thursday, October 26th. Bank Of America (Bofa) boosted their target price on General Dynamics from $295.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. StockNews.com downgraded General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $300.00 price objective on shares of General Dynamics in a research report on Thursday, January 25th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, General Dynamics has an average rating of “Moderate Buy” and an average price target of $271.69.

View Our Latest Report on General Dynamics

General Dynamics Stock Down 0.0 %

The company has a market cap of $73.41 billion, a P/E ratio of 22.38, a price-to-earnings-growth ratio of 1.72 and a beta of 0.68. The business’s fifty day moving average is $256.35 and its two-hundred day moving average is $239.67. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.44.

General Dynamics (NYSE:GDGet Free Report) last posted its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share for the quarter, missing the consensus estimate of $3.68 by ($0.04). The company had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.39 billion. General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $3.58 EPS. Equities analysts predict that General Dynamics Co. will post 14.58 EPS for the current year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 19th will be issued a $1.32 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $5.28 annualized dividend and a dividend yield of 1.96%. General Dynamics’s dividend payout ratio is currently 43.93%.

Insider Transactions at General Dynamics

In other news, EVP Mark C. Roualet sold 73,330 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $264.75, for a total value of $19,414,117.50. Following the completion of the transaction, the executive vice president now directly owns 149,205 shares of the company’s stock, valued at approximately $39,502,023.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Mark C. Roualet sold 73,330 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $264.75, for a total transaction of $19,414,117.50. Following the completion of the transaction, the executive vice president now owns 149,205 shares in the company, valued at approximately $39,502,023.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Phebe N. Novakovic sold 32,355 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the completion of the sale, the chief executive officer now owns 773,977 shares of the company’s stock, valued at $204,569,860.87. The disclosure for this sale can be found here. Corporate insiders own 1.52% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GD. MeadowBrook Investment Advisors LLC purchased a new position in shares of General Dynamics in the fourth quarter worth $25,000. Certified Advisory Corp acquired a new stake in General Dynamics during the 1st quarter worth about $25,000. Live Oak Investment Partners purchased a new stake in General Dynamics during the 4th quarter valued at about $30,000. Briaud Financial Planning Inc purchased a new position in shares of General Dynamics in the third quarter worth about $27,000. Finally, Impact Partnership Wealth LLC lifted its holdings in shares of General Dynamics by 411.5% during the third quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 107 shares during the period. 86.08% of the stock is owned by institutional investors and hedge funds.

General Dynamics Company Profile

(Get Free Report)

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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