Barclays Boosts General Dynamics (NYSE:GD) Price Target to $310.00

General Dynamics (NYSE:GD) had its target price lifted by Barclays from $285.00 to $310.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an overweight rating on the aerospace company’s stock.

GD has been the subject of a number of other reports. Royal Bank of Canada boosted their price target on General Dynamics from $300.00 to $325.00 and gave the company an outperform rating in a report on Tuesday, April 2nd. Alembic Global Advisors downgraded General Dynamics from an overweight rating to a neutral rating and set a $296.00 target price for the company. in a research note on Monday, January 29th. Wells Fargo & Company upped their target price on General Dynamics from $291.00 to $322.00 and gave the stock an overweight rating in a research note on Thursday, April 4th. Susquehanna upped their target price on General Dynamics from $301.00 to $333.00 and gave the stock a positive rating in a research note on Friday. Finally, Citigroup upped their target price on General Dynamics from $283.00 to $300.00 and gave the stock a buy rating in a research note on Thursday, January 25th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $283.79.

General Dynamics Trading Down 1.1 %

Shares of NYSE:GD opened at $284.68 on Monday. General Dynamics has a 12-month low of $202.35 and a 12-month high of $296.50. The company has a market capitalization of $78.11 billion, a PE ratio of 23.68, a PEG ratio of 1.83 and a beta of 0.68. The business has a 50 day moving average of $277.72 and a two-hundred day moving average of $258.21. 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 (NYSE:GD) last announced its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The company had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.39 billion. During the same period in the previous year, the firm posted $3.58 earnings per share. The company’s revenue was up 7.5% compared to the same quarter last year. As a group, analysts forecast that General Dynamics will post 14.57 EPS for the current year.

General Dynamics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be paid a $1.42 dividend. This is an increase from General Dynamics’s previous quarterly dividend of $1.32. This represents a $5.68 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, April 11th. General Dynamics’s dividend payout ratio is currently 47.25%.

Insider Activity at General Dynamics

In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 149,205 shares in the company, valued at approximately $39,502,023.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $264.31, for a total value of $8,551,750.05. Following the completion of the sale, the chief executive officer now directly owns 773,977 shares in the company, valued at approximately $204,569,860.87. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Mark C. Roualet sold 73,330 shares of the company’s stock in a transaction on 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 completion of the sale, the executive vice president now owns 149,205 shares of the company’s stock, valued at $39,502,023.75. The disclosure for this sale can be found here. 1.52% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On General Dynamics

Hedge funds have recently modified their holdings of the business. MeadowBrook Investment Advisors LLC purchased a new position in shares of General Dynamics during the 4th quarter worth $25,000. Richardson Financial Services Inc. purchased a new position in shares of General Dynamics during the 4th quarter worth $25,000. Certified Advisory Corp purchased a new position in shares of General Dynamics during the 1st quarter worth $25,000. Briaud Financial Planning Inc purchased a new position in shares of General Dynamics during the 3rd quarter worth $27,000. Finally, Impact Partnership Wealth LLC grew its holdings in shares of General Dynamics by 411.5% during the 3rd quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 107 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

About General Dynamics

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.