Shares of General Dynamics Corp. (NYSE:GD) gapped up before the market opened on Wednesday . The stock had previously closed at $147.85, but opened at $148.57. General Dynamics Corp. shares last traded at $150.90, with a volume of 1,278,998 shares changing hands.

GD has been the subject of several recent research reports. Cowen and Company restated a “buy” rating on shares of General Dynamics Corp. in a research report on Tuesday, May 17th. Vetr lowered shares of General Dynamics Corp. from a “strong-buy” rating to a “buy” rating and set a $162.90 target price for the company. in a research report on Tuesday, May 10th. Jefferies Group restated a “buy” rating on shares of General Dynamics Corp. in a research report on Wednesday, August 3rd. Argus boosted their target price on shares of General Dynamics Corp. from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, August 2nd. Finally, Zacks Investment Research upgraded shares of General Dynamics Corp. from a “hold” rating to a “buy” rating and set a $159.00 target price for the company in a research report on Monday, July 18th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $154.56.

The firm has a 50 day moving average of $142.81 and a 200 day moving average of $138.33. The firm has a market cap of $46.12 billion and a P/E ratio of 16.11.

General Dynamics Corp. (NYSE:GD) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $2.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.31 by $0.13. During the same quarter in the prior year, the company posted $2.27 earnings per share. The company had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.88 billion. The business’s revenue was down 2.8% on a year-over-year basis. On average, equities analysts forecast that General Dynamics Corp. will post $9.71 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Shareholders of record on Friday, October 7th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 2.01%.

In other news, VP Gregory S. Gallopoulos sold 39,000 shares of the company’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $146.58, for a total transaction of $5,716,620.00. Following the completion of the sale, the vice president now owns 153,848 shares of the company’s stock, valued at $22,551,039.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider S. Daniel Johnson sold 33,650 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $147.91, for a total transaction of $4,977,171.50. Following the sale, the insider now directly owns 107,922 shares of the company’s stock, valued at approximately $15,962,743.02. The disclosure for this sale can be found here.

Other large investors have added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in General Dynamics Corp. by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 656,153 shares of the company’s stock worth $90,129,000 after buying an additional 27,265 shares during the last quarter. US Bancorp DE raised its stake in General Dynamics Corp. by 10.9% in the fourth quarter. US Bancorp DE now owns 227,722 shares of the company’s stock worth $31,282,000 after buying an additional 22,315 shares during the last quarter. Eaton Vance Management raised its stake in General Dynamics Corp. by 1.3% in the fourth quarter. Eaton Vance Management now owns 147,423 shares of the company’s stock worth $20,250,000 after buying an additional 1,918 shares during the last quarter. Employees Retirement System of Texas raised its stake in General Dynamics Corp. by 5.7% in the fourth quarter. Employees Retirement System of Texas now owns 139,300 shares of the company’s stock worth $19,134,000 after buying an additional 7,500 shares during the last quarter. Finally, American International Group Inc. raised its stake in General Dynamics Corp. by 0.3% in the fourth quarter. American International Group Inc. now owns 123,461 shares of the company’s stock worth $16,959,000 after buying an additional 389 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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