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

General Dynamics Co. (NYSE:GDGet Free Report) has earned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $305.56.

Several research firms recently weighed in on GD. Robert W. Baird reiterated an “outperform” rating and issued a $345.00 price target on shares of General Dynamics in a report on Tuesday. Barclays boosted their target price on shares of General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a report on Monday, April 15th. StockNews.com cut shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Wells Fargo & Company upped their price target on shares of General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Finally, JPMorgan Chase & Co. upped their price target on shares of General Dynamics from $280.00 to $298.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th.

Get Our Latest Research Report on General Dynamics

Insiders Place Their Bets

In other news, CFO Kimberly A. Kuryea sold 13,344 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the completion of the transaction, the chief financial officer now directly owns 79,255 shares in the company, valued at approximately $23,630,670.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Phebe N. Novakovic sold 49,850 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $284.50, for a total transaction of $14,182,325.00. Following the sale, the chief executive officer now owns 768,977 shares in the company, valued at approximately $218,773,956.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kimberly A. Kuryea sold 13,344 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $298.16, for a total value of $3,978,647.04. Following the completion of the sale, the chief financial officer now owns 79,255 shares in the company, valued at approximately $23,630,670.80. The disclosure for this sale can be found here. Insiders sold 118,486 shares of company stock worth $34,391,642 in the last three months. 1.60% of the stock is owned by company insiders.

Institutional Trading of General Dynamics

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of General Dynamics during the fourth quarter valued at $728,284,000. Wellington Management Group LLP boosted its holdings in General Dynamics by 12.0% in the third quarter. Wellington Management Group LLP now owns 16,360,526 shares of the aerospace company’s stock worth $3,615,185,000 after acquiring an additional 1,755,276 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in General Dynamics by 10,763.2% in the fourth quarter. International Assets Investment Management LLC now owns 923,593 shares of the aerospace company’s stock worth $239,829,000 after acquiring an additional 915,091 shares in the last quarter. Verity & Verity LLC acquired a new stake in General Dynamics in the first quarter worth about $179,000. Finally, 1832 Asset Management L.P. boosted its holdings in General Dynamics by 3,645.4% in the fourth quarter. 1832 Asset Management L.P. now owns 558,586 shares of the aerospace company’s stock worth $145,048,000 after acquiring an additional 543,672 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Down 0.3 %

GD stock opened at $284.87 on Thursday. The company has a market capitalization of $78.16 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 1.65 and a beta of 0.60. General Dynamics has a one year low of $211.94 and a one year high of $302.75. The company’s 50 day moving average price is $294.07 and its two-hundred day moving average price is $278.55. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.87 and a current ratio of 1.44.

General Dynamics (NYSE:GDGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.88 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $10.26 billion. During the same period last year, the business posted $2.64 earnings per share. The company’s revenue was up 8.6% compared to the same quarter last year. As a group, analysts predict that General Dynamics will post 14.56 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

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

General Dynamics Company Profile

(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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