Shares of General Dynamics Co. (NYSE:GD) have earned a consensus recommendation of “Hold” from the nineteen analysts that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $190.38.
Several research analysts have recently weighed in on the stock. Susquehanna Bancshares lifted their price target on shares of General Dynamics from $205.00 to $215.00 and gave the stock a “positive” rating in a research note on Thursday, April 29th. Credit Suisse Group lifted their price target on shares of General Dynamics from $154.00 to $182.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 5th. Barclays reiterated a “buy” rating on shares of General Dynamics in a research note on Friday, April 2nd. Robert W. Baird upgraded shares of General Dynamics from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $180.00 to $243.00 in a research note on Wednesday, May 5th. Finally, Morgan Stanley lifted their target price on shares of General Dynamics from $149.00 to $163.00 and gave the company an “underweight” rating in a research note on Wednesday, May 5th.
Several large investors have recently bought and sold shares of GD. OLD Mission Capital LLC purchased a new stake in shares of General Dynamics in the third quarter worth about $5,685,000. Sei Investments Co. lifted its position in shares of General Dynamics by 6.6% in the third quarter. Sei Investments Co. now owns 138,899 shares of the aerospace company’s stock worth $19,275,000 after buying an additional 8,550 shares in the last quarter. Louisiana State Employees Retirement System raised its position in General Dynamics by 22.0% during the fourth quarter. Louisiana State Employees Retirement System now owns 14,400 shares of the aerospace company’s stock valued at $2,143,000 after purchasing an additional 2,600 shares during the period. Triangle Securities Wealth Management raised its position in General Dynamics by 1.8% during the fourth quarter. Triangle Securities Wealth Management now owns 5,391 shares of the aerospace company’s stock valued at $802,000 after purchasing an additional 96 shares during the period. Finally, TRUE Private Wealth Advisors raised its position in General Dynamics by 18.6% during the fourth quarter. TRUE Private Wealth Advisors now owns 492 shares of the aerospace company’s stock valued at $73,000 after purchasing an additional 77 shares during the period. Institutional investors own 84.48% of the company’s stock.
General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, April 28th. The aerospace company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.17. The business had revenue of $9.39 billion during the quarter, compared to the consensus estimate of $8.95 billion. General Dynamics had a net margin of 8.33% and a return on equity of 23.00%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.43 EPS. On average, analysts forecast that General Dynamics will post 11.06 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, May 7th. Investors of record on Friday, April 9th were given a $1.19 dividend. This is an increase from General Dynamics’s previous quarterly dividend of $1.10. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Thursday, April 8th. General Dynamics’s payout ratio is currently 39.73%.
About General Dynamics
General Dynamics Corp. is an aerospace and defense company, which engages in the provision of tanks, rockets, missiles, submarines, warships, fighters and electronics to all of the military services. It operates through the following segments: Aerospace, Combat Systems, Information Technology, and Marine Systems.
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