General Dynamics Corp. (NYSE:GD) rose 1.5% during mid-day trading on Tuesday . The company traded as high as $143.68 and last traded at $143.15, with a volume of 1,890,239 shares changing hands. The stock had previously closed at $141.00.

A number of equities research analysts recently commented on GD shares. JPMorgan Chase & Co. upped their price target on shares of General Dynamics Corp. from $108.00 to $114.00 and gave the company an “outperform” rating in a report on Monday, March 28th. Cowen and Company reiterated a “buy” rating on shares of General Dynamics Corp. in a report on Tuesday, May 17th. Jefferies Group upped their price target on shares of General Dynamics Corp. from $135.00 to $142.00 and gave the company a “buy” rating in a report on Monday, March 28th. Oppenheimer Holdings Inc. upped their price target on shares of General Dynamics Corp. to $137.00 and gave the company an “outperform” rating in a report on Monday, March 28th. Finally, Credit Suisse Group AG upped their price target on shares of General Dynamics Corp. from $136.00 to $137.00 and gave the company an “outperform” rating in a report on Monday, March 28th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $152.68.

The company has a market cap of $44.13 billion and a PE ratio of 15.50. The stock’s 50 day moving average price is $139.90 and its 200 day moving average price is $136.48.

General Dynamics Corp. (NYSE:GD) last issued its earnings results on Wednesday, April 27th. The company reported $2.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.18. The company had revenue of $7.70 billion for the quarter, compared to analysts’ expectations of $7.69 billion. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.14 earnings per share. On average, analysts forecast that General Dynamics Corp. will post $9.52 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 5th. Stockholders of record on Friday, July 1st will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Wednesday, June 29th.

Several hedge funds have recently added to or reduced their stakes in GD. Boston Partners increased its stake in General Dynamics Corp. by 34.1% in the fourth quarter. Boston Partners now owns 3,291,401 shares of the company’s stock valued at $452,107,000 after buying an additional 837,458 shares during the last quarter. Morgan Stanley increased its stake in General Dynamics Corp. by 27.9% in the fourth quarter. Morgan Stanley now owns 902,037 shares of the company’s stock valued at $123,905,000 after buying an additional 196,870 shares during the last quarter. Wells Fargo & Company MN increased its stake in General Dynamics Corp. by 3.4% in the fourth quarter. Wells Fargo & Company MN now owns 4,931,162 shares of the company’s stock valued at $677,345,000 after buying an additional 163,090 shares during the last quarter. Freestone Capital Holdings LLC increased its stake in General Dynamics Corp. by 1,444.0% in the fourth quarter. Freestone Capital Holdings LLC now owns 113,995 shares of the company’s stock valued at $15,658,000 after buying an additional 106,612 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. increased its stake in General Dynamics Corp. by 172.4% in the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 160,506 shares of the company’s stock valued at $22,047,000 after buying an additional 101,583 shares during the last quarter.

General Dynamics Corporation is an aerospace and defense company that offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions and information technology (IT) services, and shipbuilding.

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