General Dynamics (GD) Scheduled to Post Quarterly Earnings on Wednesday

General Dynamics (NYSE:GD) is set to announce its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $3.04 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

General Dynamics (NYSE:GD) last issued its quarterly earnings data 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 analysts’ expectations of $11.39 billion. General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.58 EPS. On average, analysts expect General Dynamics to post $15 EPS for the current fiscal year and $16 EPS for the next fiscal year.

General Dynamics Stock Up 1.2 %

Shares of NYSE:GD opened at $288.62 on Monday. The company has a market capitalization of $79.19 billion, a PE ratio of 24.01, a P/E/G ratio of 1.83 and a beta of 0.68. The company has a current ratio of 1.44, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. General Dynamics has a twelve month low of $202.35 and a twelve month high of $296.50. The firm has a 50 day simple moving average of $279.07 and a 200-day simple moving average of $260.04.

General Dynamics Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Thursday, April 11th. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s payout ratio is currently 47.25%.

Insider Buying and Selling

In related news, EVP Mark C. Roualet sold 73,330 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were 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 in the company, valued at approximately $39,502,023.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Mark C. Roualet sold 73,330 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were 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 in the company, valued at approximately $39,502,023.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 773,977 shares of the company’s stock, valued at approximately $204,569,860.87. The disclosure for this sale can be found here. Insiders own 1.52% of the company’s stock.

Institutional Trading of General Dynamics

Institutional investors and hedge funds have recently bought and sold shares of the business. United Bank increased its position in General Dynamics by 3.1% during the 3rd quarter. United Bank now owns 4,825 shares of the aerospace company’s stock worth $1,066,000 after purchasing an additional 147 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in General Dynamics during the 4th quarter worth approximately $85,000. Coppell Advisory Solutions LLC acquired a new stake in General Dynamics in the second quarter valued at approximately $76,000. Castleview Partners LLC grew its position in General Dynamics by 24.3% in the first quarter. Castleview Partners LLC now owns 281 shares of the aerospace company’s stock valued at $64,000 after acquiring an additional 55 shares in the last quarter. Finally, First Capital Advisors Group LLC. acquired a new stake in General Dynamics in the second quarter valued at approximately $59,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GD shares. Royal Bank of Canada lifted their target price on shares of General Dynamics from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Citigroup lifted their target price on shares of General Dynamics from $283.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, January 25th. The Goldman Sachs Group lifted their target price on shares of General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Alembic Global Advisors cut shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 target price on the stock. in a report on Monday, January 29th. Finally, StockNews.com cut shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 3rd. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $283.80.

General Dynamics Company Profile

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.