Analysts Set General Dynamics Corporation (GD) PT at $172.35

Analysts Set General Dynamics Corporation (GD) PT at $172.35

General Dynamics Corporation (NYSE:GD) has been assigned a consensus recommendation of “Buy” from the nineteen brokerages that are currently covering the firm. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $172.35.

Several equities research analysts have issued reports on GD shares. Zacks Investment Research raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $200.00 price target on the stock in a research note on Thursday, December 8th. Vetr raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $187.74 price target on the stock in a research note on Tuesday, December 27th. RBC Capital Markets started coverage on shares of General Dynamics Corporation in a research note on Thursday, January 12th. They set an “outperform” rating and a $206.00 price target on the stock. Robert W. Baird started coverage on shares of General Dynamics Corporation in a research note on Thursday, October 6th. They set an “outperform” rating and a $181.00 price target on the stock. Finally, Deutsche Bank AG reissued a “hold” rating on shares of General Dynamics Corporation in a research report on Tuesday, October 18th.

In related news, insider John Patrick Casey sold 69,895 shares of General Dynamics Corporation stock in a transaction on Monday, December 5th. The shares were sold at an average price of $178.51, for a total value of $12,476,956.45. Following the completion of the sale, the insider now owns 197,562 shares in the company, valued at $35,266,792.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.80% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in GD. Central Bank & Trust Co. raised its stake in General Dynamics Corporation by 6.7% in the third quarter. Central Bank & Trust Co. now owns 651 shares of the company’s stock valued at $101,000 after buying an additional 41 shares during the last quarter. WFG Advisors LP raised its stake in General Dynamics Corporation by 0.3% in the second quarter. WFG Advisors LP now owns 753 shares of the company’s stock valued at $105,000 after buying an additional 2 shares during the last quarter. Signaturefd LLC raised its stake in General Dynamics Corporation by 5.7% in the second quarter. Signaturefd LLC now owns 818 shares of the company’s stock valued at $114,000 after buying an additional 44 shares during the last quarter. First Command Bank acquired a new stake in General Dynamics Corporation during the fourth quarter valued at $125,000. Finally, Compagnie Lombard Odier SCmA raised its stake in General Dynamics Corporation by 820.0% in the second quarter. Compagnie Lombard Odier SCmA now owns 920 shares of the company’s stock valued at $128,000 after buying an additional 820 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Shares of General Dynamics Corporation (NYSE:GD) opened at 185.14 on Friday. The company’s 50-day moving average is $175.81 and its 200 day moving average is $159.68. General Dynamics Corporation has a 52 week low of $125.74 and a 52 week high of $187.37. The stock has a market capitalization of $56.00 billion, a P/E ratio of 19.44 and a beta of 0.75.

General Dynamics Corporation (NYSE:GD) last released its quarterly earnings results on Friday, January 27th. The company reported $2.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.52 by $0.10. General Dynamics Corporation had a net margin of 9.45% and a return on equity of 27.68%. The company had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.29 billion. During the same period last year, the company earned $2.40 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities analysts forecast that General Dynamics Corporation will post $10.02 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 10th. Investors of record on Friday, January 20th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, January 18th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.64%. General Dynamics Corporation’s dividend payout ratio (DPR) is presently 31.90%.

About General Dynamics Corporation

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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