General Dynamics Co. (NYSE:GD) Receives $300.63 Consensus Target Price from Analysts

General Dynamics Co. (NYSE:GDGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $300.63.

GD has been the topic of several research reports. Susquehanna raised their price objective on General Dynamics from $301.00 to $333.00 and gave the stock a “positive” rating in a report on Friday, April 12th. Sanford C. Bernstein raised their price objective on General Dynamics from $290.00 to $302.00 and gave the stock a “market perform” rating in a report on Thursday, May 23rd. StockNews.com downgraded General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Wells Fargo & Company raised their price objective on General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Finally, The Goldman Sachs Group raised their price objective on General Dynamics from $253.00 to $284.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th.

Get Our Latest Report on General Dynamics

Insider Activity

In related news, CEO Phebe N. Novakovic sold 49,850 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $284.50, for a total value of $14,182,325.00. Following the transaction, the chief executive officer now owns 768,977 shares in the company, valued at approximately $218,773,956.50. The sale was disclosed in a filing with the SEC, which is available through this link. In other General Dynamics news, CEO Phebe N. Novakovic sold 49,850 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $284.50, for a total value of $14,182,325.00. Following the sale, the chief executive officer now directly owns 768,977 shares of the company’s stock, valued at $218,773,956.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP William A. Moss sold 21,050 shares of General Dynamics stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $294.85, for a total value of $6,206,592.50. Following the transaction, the vice president now owns 16,624 shares of the company’s stock, valued at approximately $4,901,586.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 118,486 shares of company stock valued at $34,391,642. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On General Dynamics

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of General Dynamics by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 22,423,961 shares of the aerospace company’s stock valued at $4,955,023,000 after purchasing an additional 133,061 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of General Dynamics by 12.0% in the 3rd quarter. Wellington Management Group LLP now owns 16,360,526 shares of the aerospace company’s stock valued at $3,615,185,000 after purchasing an additional 1,755,276 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of General Dynamics by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,782,612 shares of the aerospace company’s stock valued at $1,351,041,000 after purchasing an additional 115,063 shares in the last quarter. Sanders Capital LLC increased its stake in General Dynamics by 3.7% during the 4th quarter. Sanders Capital LLC now owns 4,164,857 shares of the aerospace company’s stock worth $1,081,488,000 after buying an additional 147,800 shares in the last quarter. Finally, Norges Bank purchased a new stake in General Dynamics during the 4th quarter worth approximately $728,284,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Price Performance

Shares of GD stock opened at $292.52 on Friday. General Dynamics has a 52-week low of $209.25 and a 52-week high of $302.42. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.87 and a current ratio of 1.44. The firm has a market capitalization of $80.26 billion, a P/E ratio of 23.86, a P/E/G ratio of 1.68 and a beta of 0.64. The stock has a 50 day moving average price of $292.68 and a 200 day moving average price of $274.22.

General Dynamics (NYSE:GDGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The business had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.26 billion. During the same period in the prior year, the business posted $2.64 earnings per share. General Dynamics’s revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts predict that General Dynamics will post 14.55 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be paid a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $5.68 annualized dividend and a yield of 1.94%. General Dynamics’s payout ratio is presently 46.33%.

General Dynamics Company Profile

(Get Free Report

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.

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Analyst Recommendations for General Dynamics (NYSE:GD)

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