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

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

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share 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 business had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.39 billion. During the same quarter in the prior year, the firm posted $3.58 earnings per share. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. 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 0.2 %

General Dynamics stock opened at $285.21 on Wednesday. General Dynamics has a 1-year low of $202.35 and a 1-year high of $296.50. The firm has a market capitalization of $78.25 billion, a price-to-earnings ratio of 23.73, 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. The firm has a 50 day simple moving average of $278.07 and a 200 day simple moving average of $258.67.

General Dynamics Increases Dividend

The firm 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 represents a $5.68 dividend on an annualized basis and a yield of 1.99%. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date of this dividend is Thursday, April 11th. General Dynamics’s payout ratio is currently 47.25%.

Analyst Ratings Changes

GD has been the subject of a number of recent analyst reports. Alembic Global Advisors lowered shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price target for the company. in a research report on Monday, January 29th. The Goldman Sachs Group lifted their price objective on shares of General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a report on Tuesday. StockNews.com downgraded shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 3rd. Royal Bank of Canada boosted their price target on shares of General Dynamics from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. Finally, UBS Group boosted their price target on shares of General Dynamics from $286.00 to $296.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $283.80.

Insider Activity

In related news, CEO Phebe N. Novakovic sold 32,355 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the transaction, the chief executive officer now owns 773,977 shares in the company, valued at $204,569,860.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Phebe N. Novakovic sold 32,355 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the transaction, the chief executive officer now owns 773,977 shares in the company, valued at $204,569,860.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $19,414,117.50. Following the transaction, the executive vice president now owns 149,205 shares in the company, valued at approximately $39,502,023.75. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On General Dynamics

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hobbs Group Advisors LLC purchased a new stake in General Dynamics in the fourth quarter worth about $135,000. SageView Advisory Group LLC bought a new position in shares of General Dynamics in the fourth quarter worth approximately $653,000. Oarsman Capital Inc. lifted its stake in shares of General Dynamics by 39.0% in the fourth quarter. Oarsman Capital Inc. now owns 2,401 shares of the aerospace company’s stock worth $623,000 after buying an additional 674 shares in the last quarter. Harbour Investments Inc. lifted its stake in shares of General Dynamics by 11.7% in the fourth quarter. Harbour Investments Inc. now owns 2,345 shares of the aerospace company’s stock worth $609,000 after buying an additional 246 shares in the last quarter. Finally, Kensington Investment Counsel LLC lifted its position in General Dynamics by 17.9% during the fourth quarter. Kensington Investment Counsel LLC now owns 12,584 shares of the aerospace company’s stock valued at $3,268,000 after purchasing an additional 1,908 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

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.