General Dynamics Co. (NYSE:GD) Given Consensus Recommendation of “Moderate Buy” by Analysts

General Dynamics Co. (NYSE:GDGet Free Report) has received an average rating of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $271.69.

GD has been the topic of several analyst reports. Alembic Global Advisors downgraded shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 target price on the stock. in a research note on Monday, January 29th. UBS Group boosted their target price on shares of General Dynamics from $286.00 to $296.00 and gave the company a “neutral” rating in a report on Monday, January 29th. StockNews.com cut shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 3rd. Royal Bank of Canada restated an “outperform” rating and set a $300.00 target price on shares of General Dynamics in a report on Thursday, January 25th. Finally, Citigroup upped their price target on shares of General Dynamics from $283.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th.

View Our Latest Stock Report on General Dynamics

General Dynamics Price Performance

Shares of NYSE:GD opened at $279.02 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $76.45 billion, a PE ratio of 23.21, a P/E/G ratio of 1.79 and a beta of 0.68. General Dynamics has a twelve month low of $202.35 and a twelve month high of $284.75. The company has a 50-day moving average price of $268.61 and a two-hundred day moving average price of $250.68.

General Dynamics (NYSE:GDGet Free Report) last announced its earnings results on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). The company had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.39 billion. General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business earned $3.58 earnings per share. Equities analysts forecast that General Dynamics will post 14.6 EPS for the current year.

General Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be issued a dividend of $1.42 per share. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date is Thursday, April 11th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.04%. General Dynamics’s payout ratio is 43.93%.

Insider Activity

In other news, EVP Mark C. Roualet sold 73,330 shares of General Dynamics stock in a transaction that occurred 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 sale, the executive vice president now directly owns 149,205 shares of the company’s stock, valued at $39,502,023.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the transaction, the chief executive officer now owns 773,977 shares of the company’s stock, valued at approximately $204,569,860.87. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 149,205 shares in the company, valued at approximately $39,502,023.75. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Copperwynd Financial LLC boosted its stake in shares of General Dynamics by 3.7% in the fourth quarter. Copperwynd Financial LLC now owns 1,056 shares of the aerospace company’s stock valued at $274,000 after buying an additional 38 shares in the last quarter. Woodward Diversified Capital LLC boosted its stake in shares of General Dynamics by 2.3% in the fourth quarter. Woodward Diversified Capital LLC now owns 1,727 shares of the aerospace company’s stock valued at $448,000 after buying an additional 39 shares in the last quarter. Regent Peak Wealth Advisors LLC raised its holdings in General Dynamics by 0.4% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 10,830 shares of the aerospace company’s stock worth $2,812,000 after purchasing an additional 41 shares during the last quarter. Cornercap Investment Counsel Inc. raised its holdings in General Dynamics by 0.4% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 10,377 shares of the aerospace company’s stock worth $2,695,000 after purchasing an additional 41 shares during the last quarter. Finally, Johnson Financial Group Inc. raised its holdings in General Dynamics by 12.5% during the fourth quarter. Johnson Financial Group Inc. now owns 370 shares of the aerospace company’s stock worth $96,000 after purchasing an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

About General Dynamics

(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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Analyst Recommendations for General Dynamics (NYSE:GD)

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