General Dynamics Corp. (NYSE:GD) hit a new 52-week high on Monday . The company traded as high as $153.80 and last traded at $153.49, with a volume of 747,548 shares trading hands. The stock had previously closed at $151.47.

GD has been the topic of a number of research reports. Zacks Investment Research raised shares of General Dynamics Corp. from a “hold” rating to a “buy” rating and set a $159.00 target price on the stock in a research note on Monday, July 18th. Jefferies Group reaffirmed a “buy” rating on shares of General Dynamics Corp. in a research note on Sunday, July 3rd. Argus lifted 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 note on Tuesday, August 2nd. Sanford C. Bernstein raised shares of General Dynamics Corp. from a “market perform” rating to an “outperform” rating and set a $180.00 target price on the stock in a research note on Wednesday, August 10th. They noted that the move was a valuation call. Finally, Cowen and Company reaffirmed a “buy” rating on shares of General Dynamics Corp. in a research note on Tuesday, May 17th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $156.31.

The company has a market capitalization of $46.73 billion and a PE ratio of 16.32. The firm’s 50-day moving average is $143.50 and its 200-day moving average is $138.62.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 10th. Stockholders of record on Friday, October 7th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.98%.

In other General Dynamics Corp. news, insider S. Daniel Johnson sold 33,650 shares of the stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $147.91, for a total transaction of $4,977,171.50. Following the transaction, the insider now directly owns 107,922 shares in the company, valued at approximately $15,962,743.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Patrick Casey sold 57,490 shares of the stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $146.96, for a total transaction of $8,448,730.40. Following the transaction, the insider now owns 165,118 shares in the company, valued at $24,265,741.28. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have modified their holdings of the company. Bridgewater Associates LP acquired a new position in shares of General Dynamics Corp. during the fourth quarter valued at about $1,029,000. Venturi Wealth Management LLC acquired a new position in shares of General Dynamics Corp. during the fourth quarter valued at about $4,108,000. American International Group Inc. boosted its position in shares of General Dynamics Corp. by 0.3% in the fourth quarter. American International Group Inc. now owns 123,461 shares of the company’s stock valued at $16,959,000 after buying an additional 389 shares during the last quarter. Foresters Investment Management Company Inc. boosted its position in shares of General Dynamics Corp. by 11.3% in the fourth quarter. Foresters Investment Management Company Inc. now owns 23,600 shares of the company’s stock valued at $3,242,000 after buying an additional 2,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of General Dynamics Corp. by 4.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 656,153 shares of the company’s stock valued at $90,129,000 after buying an additional 27,265 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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