General Dynamics Co. (NYSE:GD) Given Average Rating of “Buy” by Brokerages

Shares of General Dynamics Co. (NYSE:GDGet Rating) have been given an average rating of “Buy” by the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $240.25.

Several brokerages recently weighed in on GD. Susquehanna boosted their price objective on General Dynamics from $280.00 to $285.00 in a report on Thursday, April 28th. Susquehanna Bancshares boosted their price objective on General Dynamics from $280.00 to $285.00 in a report on Thursday, April 28th. Morgan Stanley upped their target price on General Dynamics from $215.00 to $243.00 and gave the company an “equal weight” rating in a report on Wednesday, March 2nd. Wells Fargo & Company upped their target price on General Dynamics from $235.00 to $282.00 and gave the company an “overweight” rating in a report on Monday, March 7th. Finally, Wolfe Research raised General Dynamics from an “underperform” rating to a “peer perform” rating in a report on Friday, January 28th.

In other news, VP Gregory S. Gallopoulos sold 10,644 shares of the company’s stock in a transaction on Friday, April 29th. The shares were sold at an average price of $237.93, for a total value of $2,532,526.92. Following the transaction, the vice president now directly owns 124,605 shares of the company’s stock, valued at $29,647,267.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP William A. Moss sold 2,391 shares of the company’s stock in a transaction on Thursday, March 3rd. The stock was sold at an average price of $237.17, for a total transaction of $567,073.47. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of the stock. Greylin Investment Mangement Inc. boosted its holdings in General Dynamics by 22.8% during the first quarter. Greylin Investment Mangement Inc. now owns 2,317 shares of the aerospace company’s stock valued at $559,000 after acquiring an additional 430 shares during the period. Toroso Investments LLC boosted its holdings in General Dynamics by 8.2% during the first quarter. Toroso Investments LLC now owns 7,452 shares of the aerospace company’s stock valued at $1,797,000 after acquiring an additional 567 shares during the period. Chicago Partners Investment Group LLC bought a new stake in General Dynamics during the first quarter valued at about $787,000. Magnolia Wealth Management LLC bought a new stake in General Dynamics during the first quarter valued at about $1,341,000. Finally, Wealthfront Advisers LLC boosted its holdings in General Dynamics by 1.0% during the first quarter. Wealthfront Advisers LLC now owns 25,039 shares of the aerospace company’s stock valued at $6,040,000 after acquiring an additional 245 shares during the period. Hedge funds and other institutional investors own 85.84% of the company’s stock.

Shares of GD opened at $213.50 on Friday. The stock’s 50-day moving average is $236.84 and its two-hundred day moving average is $219.34. The stock has a market cap of $59.29 billion, a PE ratio of 18.28, a P/E/G ratio of 1.82 and a beta of 0.95. General Dynamics has a 12 month low of $182.66 and a 12 month high of $254.99. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.48 and a quick ratio of 1.09.

General Dynamics (NYSE:GDGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The aerospace company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.12. General Dynamics had a return on equity of 19.67% and a net margin of 8.52%. The company had revenue of $9.39 billion for the quarter, compared to analysts’ expectations of $9.02 billion. During the same quarter in the previous year, the firm posted $2.48 earnings per share. The firm’s quarterly revenue was up .0% on a year-over-year basis. On average, research analysts anticipate that General Dynamics will post 12.16 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 6th. Shareholders of record on Friday, April 8th were paid a dividend of $1.26 per share. This is an increase from General Dynamics’s previous quarterly dividend of $1.19. This represents a $5.04 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Thursday, April 7th. General Dynamics’s payout ratio is 43.15%.

About General Dynamics (Get Rating)

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 designs, manufactures, and sells business jets; and offers aircraft maintenance and repair, management, charter, aircraft-on-ground support and completion, staffing, and fixed-base operator services.

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