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General Dynamics Co. (NYSE:GD – Get Rating) – Zacks Research equity research analysts cut General Dynamics’ 2022 EPS estimates in a research report issued to clients and investors on Tuesday, Jan. 17. I was. Zacks Research analyst A. Dutt now expects the aerospace company to post annual earnings of $12.06 per share, down from his previous estimate of $12.15. General Dynamics’ current consensus estimate for annual earnings is $12.16 per share. Zacks Research also estimates General Dynamics’ fourth-quarter 2022 earnings at EPS of $3.44, first-quarter 2023 earnings at EPS of $3.06, second-quarter 2023 earnings at EPS of $3.23, and fourth-quarter 2023 earnings at EPS of $3.23. We estimated earnings at EPS of $4.06, Q1 2024 earnings at EPS of $3.56, and Q2 2024 earnings at EPS of $3.75. Earnings for the third quarter of 2024 are $3.89 EPS.
General Dynamics (NYSE:GD – Get Rating) last reported its results on Wednesday, Oct. 26. The aerospace company reported his EPS of $3.26 for the quarter, beating the consensus estimate of $3.16 by $0.10. General Dynamics’ net profit margin was 8.62% and return on equity was 18.96%. The company’s revenue for the quarter was $9.98 billion, compared with analyst estimates of $9.93 billion. At the same time last year, the company earned him an EPS of $3.07. Quarterly revenues for this business increased by 4.3% compared to the same period last year.
Many other equity research analysts have also weighed in on the company recently. Wells Fargo & Co. lowered its price target on General Dynamics to $249.00 from his $256.00 and gave the stock an “overweight” rating in a report on Wednesday, Sept. 28. Royal Bank of Canada raised its target price for General Dynamics from $270.00 to $275.00 in a research report on Thursday, October 27. Citigroup began coverage of General Dynamics stock in a research note on Thursday, Dec. 8. They issued a ‘buy’ rating and a price target of $298.00. Wolfe Research began coverage of General Dynamics stock in its research report on Monday, October 10th. They set an “Outperform” rating and a price target of $265.00 for the company. Finally, Cowen raised his price target on General Dynamics stock to his $260.00 in his Thursday, Oct. 27 research report. Two analysts rated the stock with hold ratings and six issued buy ratings for the company. According to MarketBeat, General Dynamics currently has an average rating of “moderate buy” and an average price target of $273.64.
General dynamics stock performance
NYSE:GD shares opened Friday at $231.55. His one-year low on General Dynamics is $200.65 and his one-year high is $256.86. The stock has a market cap of $63.57 billion, a price/earnings ratio of 19.28, a price/earnings ratio of 2.01, and a beta of 0.88. The company has a debt to equity ratio of 0.52, a current ratio of 1.34 and a quick ratio of 0.94. The company has a 50-day simple moving average of $247.27 and a 200-day simple moving average of $235.90.
institution inflow and outflow
Several hedge funds and other institutional investors have recently bought and sold shares of GD. SC Financial Services increased its stake in General Dynamics shares by 14.5% in the fourth quarter. SC Financial Services Inc. owns 1,145 shares of the aerospace company, valued at $284,000, after purchasing an additional 145 shares during this period. Stratos Wealth Advisors LLC increased his position in General Dynamics by 7.8% in the fourth quarter. Stratos Wealth Advisors LLC now owns 15,455 shares of the aerospace company, valued at $3,835,000, after purchasing an additional 1,122 of his shares during this period. Asset Dedication LLC increased his holding in General Dynamics by 4.0% in the fourth quarter. Asset Dedication LLC owns 5,160 of his shares worth $1,265,000 in the aerospace company after purchasing an additional 198 shares during the previous quarter. Crossmark Global Holdings Inc. increased its stake in General Dynamics by 6.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 40,648 shares of the aerospace company worth $10,085,000 after purchasing an additional 2,332 shares during the previous quarter. Finally, Sage Capital Advisors llc increased its stake in General Dynamics stock by 24.0% in the fourth quarter. Sage Capital Advisors llc owns 16,422 shares of the aerospace company, valued at $4,074,000, after purchasing an additional 3,176 shares during the last quarter. 84.83% of the shares are owned by institutional investors and hedge funds.
General Dynamics Announces Dividend
The company recently announced a quarterly dividend payable on Friday, February 10th. Dividends of $1.26 will be issued to investors of record on Friday, January 20. The ex-dividend date is Thursday, January 19. This represents his $5.04 dividend and his 2.18% yield on an annual basis. General Dynamics payout percentage is 41.97%.
General Dynamics Company Profile
(get rating)
General Dynamics Corporation is an aerospace and defense company with operations around the world. He operates in four segments: Aerospace, Marine Systems, Combat Systems, and Technology. The Aerospace segment designs, manufactures and sells business jets. We provide aircraft maintenance and repair, management, charter, aircraft ground support and completion, staffing, and fixed base operator services.
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