General Dynamics (NYSE:GD) Receives “Outperform” Rating from Robert W. Baird

Robert W. Baird restated their outperform rating on shares of General Dynamics (NYSE:GDFree Report) in a report issued on Tuesday morning, Benzinga reports. They currently have a $345.00 target price on the aerospace company’s stock.

Other equities research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of General Dynamics from a strong-buy rating to a buy rating in a research note on Friday, May 3rd. BTIG Research assumed coverage on shares of General Dynamics in a research note on Wednesday, June 26th. They issued a buy rating and a $345.00 target price on the stock. Susquehanna boosted their target price on shares of General Dynamics from $301.00 to $333.00 and gave the company a positive rating in a research note on Friday, April 12th. Royal Bank of Canada reduced their target price on shares of General Dynamics from $325.00 to $320.00 and set an outperform rating on the stock in a research note on Thursday, April 25th. Finally, Citigroup boosted their target price on shares of General Dynamics from $300.00 to $320.00 and gave the company a buy rating in a research note on Thursday, April 25th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $305.56.

Read Our Latest Report on General Dynamics

General Dynamics Stock Down 0.7 %

GD opened at $285.84 on Tuesday. General Dynamics has a fifty-two week low of $211.94 and a fifty-two week high of $302.75. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.87. The firm’s fifty day moving average price is $294.20 and its two-hundred day moving average price is $278.32. The company has a market capitalization of $78.42 billion, a P/E ratio of 23.31, a P/E/G ratio of 1.65 and a beta of 0.60.

General Dynamics (NYSE:GDGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The business had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.26 billion. During the same quarter in the prior year, the firm earned $2.64 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts anticipate that General Dynamics will post 14.55 EPS for the current year.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $5.68 annualized dividend and a yield of 1.99%. General Dynamics’s dividend payout ratio is currently 46.33%.

Insiders Place Their Bets

In other news, Director Leon Rudy F. De sold 2,570 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $288.00, for a total value of $740,160.00. Following the completion of the sale, the director now directly owns 5,518 shares of the company’s stock, valued at approximately $1,589,184. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Leon Rudy F. De sold 2,570 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $288.00, for a total value of $740,160.00. Following the completion of the sale, the director now directly owns 5,518 shares of the company’s stock, valued at approximately $1,589,184. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Phebe N. Novakovic sold 49,850 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $284.50, for a total value of $14,182,325.00. Following the completion of the sale, the chief executive officer now directly owns 768,977 shares of the company’s stock, valued at $218,773,956.50. The disclosure for this sale can be found here. In the last three months, insiders sold 118,486 shares of company stock valued at $34,391,642. 1.60% of the stock is currently owned by insiders.

Institutional Trading of General Dynamics

A number of institutional investors and hedge funds have recently modified their holdings of GD. Legend Financial Advisors Inc. increased its stake in General Dynamics by 46.8% during the 1st quarter. Legend Financial Advisors Inc. now owns 113 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 36 shares in the last quarter. Diversified Trust Co increased its stake in General Dynamics by 2.5% during the 1st quarter. Diversified Trust Co now owns 1,503 shares of the aerospace company’s stock worth $425,000 after purchasing an additional 36 shares in the last quarter. Fulton Bank N.A. increased its stake in General Dynamics by 1.1% during the 1st quarter. Fulton Bank N.A. now owns 3,299 shares of the aerospace company’s stock worth $932,000 after purchasing an additional 37 shares in the last quarter. Copperwynd Financial LLC boosted its position in General Dynamics by 3.7% during the 4th quarter. Copperwynd Financial LLC now owns 1,056 shares of the aerospace company’s stock worth $274,000 after acquiring an additional 38 shares during the last quarter. Finally, Woodward Diversified Capital LLC boosted its position in General Dynamics by 2.3% during the 4th quarter. Woodward Diversified Capital LLC now owns 1,727 shares of the aerospace company’s stock worth $448,000 after acquiring an additional 39 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

About General Dynamics

(Get Free Report)

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.

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Analyst Recommendations for General Dynamics (NYSE:GD)

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