Shares of General Dynamics Co. (NYSE:GD – Get Rating) have been assigned an average rating of “Buy” from the fourteen analysts that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $230.00.
A number of analysts recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of General Dynamics from $235.00 to $282.00 and gave the stock an “overweight” rating in a research report on Monday, March 7th. StockNews.com started coverage on shares of General Dynamics in a research report on Thursday. They issued a “buy” rating for the company. UBS Group upgraded shares of General Dynamics from a “neutral” rating to a “buy” rating and upped their target price for the stock from $220.00 to $245.00 in a research report on Tuesday, December 14th. Wolfe Research upgraded shares of General Dynamics from an “underperform” rating to a “peer perform” rating in a report on Friday, January 28th. Finally, Morgan Stanley raised their target price on shares of General Dynamics from $215.00 to $243.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 2nd.
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In other news, VP William A. Moss sold 2,391 shares of the business’s stock in a transaction on Thursday, March 3rd. The shares were sold at an average price of $237.17, for a total value of $567,073.47. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 6.80% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of GD. Costello Asset Management INC bought a new stake in General Dynamics during the fourth quarter worth $26,000. Future Financial Wealth Managment LLC acquired a new stake in General Dynamics during the fourth quarter worth about $29,000. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in shares of General Dynamics in the fourth quarter worth about $29,000. Wagner Wealth Management LLC lifted its holdings in shares of General Dynamics by 71.6% in the fourth quarter. Wagner Wealth Management LLC now owns 139 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 58 shares during the last quarter. Finally, Tyler Stone Wealth Management bought a new position in shares of General Dynamics in the fourth quarter worth about $31,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.
Shares of GD stock traded up $0.93 during midday trading on Friday, reaching $242.11. 714 shares of the company traded hands, compared to its average volume of 1,576,783. The firm’s 50 day simple moving average is $225.31 and its two-hundred day simple moving average is $210.43. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.43 and a quick ratio of 1.05. The firm has a market cap of $67.34 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 2.06 and a beta of 1.01. General Dynamics has a 1-year low of $179.85 and a 1-year high of $254.99.
General Dynamics (NYSE:GD – Get Rating) last issued its quarterly earnings results on Wednesday, January 26th. The aerospace company reported $3.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.37 by $0.02. The company had revenue of $10.29 billion during the quarter, compared to the consensus estimate of $10.69 billion. General Dynamics had a return on equity of 20.35% and a net margin of 8.47%. General Dynamics’s revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.49 EPS. As a group, research analysts anticipate that General Dynamics will post 12.12 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 6th. Stockholders of record on Friday, April 8th will be given a dividend of $1.26 per share. This is a boost from General Dynamics’s previous quarterly dividend of $1.19. The ex-dividend date is Thursday, April 7th. This represents a $5.04 annualized dividend and a dividend yield of 2.08%. General Dynamics’s payout ratio is currently 41.21%.
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Read More: General Dynamics Co. (NYSE:GD) Given Average Rating of “Buy” by Analysts