General Dynamics Co. (NYSE:GD) Receives $315.06 Consensus PT from Analysts

Shares of General Dynamics Co. (NYSE:GD) have earned an average recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $315.06.

Several analysts have recently issued reports on GD shares. Sanford C. Bernstein increased their price target on shares of General Dynamics from $290.00 to $302.00 and gave the company a “market perform” rating in a report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of General Dynamics in a research note on Monday, July 29th. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 target price on shares of General Dynamics in a research report on Thursday, July 25th. BTIG Research assumed coverage on General Dynamics in a research report on Wednesday, June 26th. They issued a “buy” rating and a $345.00 price target for the company. Finally, Barclays boosted their price objective on shares of General Dynamics from $310.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th.

Insiders Place Their Bets

In related news, Director Peter A. Wall sold 1,320 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $308.05, for a total value of $406,626.00. Following the completion of the sale, the director now directly owns 3,592 shares of the company’s stock, valued at $1,106,515.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.52% of the company’s stock.

Hedge Funds Weigh In On General Dynamics

A number of large investors have recently bought and sold shares of the business. Redmont Wealth Advisors LLC bought a new position in General Dynamics in the first quarter worth about $25,000. Richardson Financial Services Inc. purchased a new stake in General Dynamics during the fourth quarter valued at approximately $25,000. American Capital Advisory LLC acquired a new stake in General Dynamics in the second quarter valued at approximately $29,000. Financial Synergies Wealth Advisors Inc. purchased a new position in General Dynamics in the first quarter worth $29,000. Finally, New Covenant Trust Company N.A. acquired a new position in shares of General Dynamics during the first quarter worth $29,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Price Performance

Shares of General Dynamics stock opened at $304.77 on Tuesday. The firm has a market cap of $83.62 billion, a PE ratio of 24.86, a PEG ratio of 1.64 and a beta of 0.61. The stock has a 50 day moving average of $294.33 and a 200 day moving average of $290.74. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.33. General Dynamics has a 12 month low of $214.53 and a 12 month high of $309.97.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, July 24th. The aerospace company reported $3.26 EPS for the quarter, missing analysts’ consensus estimates of $3.30 by ($0.04). The firm had revenue of $11.98 billion for the quarter, compared to the consensus estimate of $11.46 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The firm’s revenue was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.70 earnings per share. On average, research analysts expect that General Dynamics will post 14.52 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be issued a dividend of $1.42 per share. The ex-dividend date is Friday, October 11th. This represents a $5.68 annualized dividend and a yield of 1.86%. General Dynamics’s payout ratio is currently 46.33%.

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.