According to Bloomberg, 12 rating agencies that currently monitor General Dynamics Company’s (NYSE: GD) stock have given the stock a “moderate buy” as their consensus recommendation for the stock. This recommendation was given as a result of rating agencies reaching the same conclusion for stocks. Additionally, five financial analysts suggested that investors buy shares in the company, but he was the only two to recommend that investors maintain their current positions. The average annual price target for stocks held by brokerages that updated their stock coverage in the previous year is $272.80. These companies have set this price target as of the previous year.
GD has been the subject of reports written by various research institutes in recent years. Credit Suisse Group expected General Dynamics shares to reach $240.00 by the end of the year in a research note issued on Friday, October 28. Additionally, the company rated the company’s stock as “neutral.” This shows that you don’t have a strong opinion either way. Bank of America raised its price target for General Dynamics from his $286.00 to his $325.00 in a research note published on Friday, Oct. 28. StockNews.com changed the rating to ‘Buy’ in his December 14th research report. The target price set by Royal Bank of Canada for General Dynamics has been increased from $270.00 to $275.00, as indicated in a report distributed on Thursday, October 27. The target price was previously set at $270.00. The target price set by Wells Fargo & Company for General Dynamics was lowered from $256.00 to $249.00 in a report released on September 28.
Over the past few months, hedge funds have increased or decreased the amount of company stock they hold. The Certified Advisory Corporation invested approximately $25,000 during the first three months of 2018 to purchase additional shares to strengthen its holding in General Dynamics. Crewe Advisors LLC spent approximately $27,000 to purchase new shares of General Dynamics in the second quarter of this year. The new General Dynamics investment purchased by Wagner Wealth Management LLC in the second quarter was valued at approximately $32,000. In addition, Coston McIsaac & Partners increased its capital in the second quarter by purchasing additional shares of General Dynamics and allocating approximately $32,000 to the transaction. Finally, Quent Capital LLC increased its General Dynamics shareholding by 67.7% in the first quarter. In the most recent quarter, Quent Capital LLC increased its stake in the aerospace business by purchasing an additional 67 shares. This brings the total number of shares owned by the company to 166, with a market value of $40,000. Institutional investors own the majority of the company’s shares, reaching 84.83%.
The stock opened at $248.11 on Friday’s NYSE GD. The simple moving average for the last 50 days is $248.70 and the simple moving average for the last 200 days is $233.46. Currently, the debt ratio is 0.52, the quick ratio is 0.94 and the current ratio is 1.34. The company has a price/earnings ratio of 20.66. The price/earnings ratio is 2.21. The company’s beta value is 0.89. The company has a market capitalization of $68.12 billion. General Dynamics’ current price is his one-year high of $256.86 and his one-year low of $200.65.
General Dynamics (NYSE: GD)’s latest quarterly earnings report was released to the public on Wednesday, October 26. The aerospace company reported his $3.26 quarterly earnings (EPS), $0.10 above consensus. The quote was $3.16. In percentage terms, General Dynamics’ net profit margin was 8.62% and return on equity was 18.96%. The company’s actual revenue for the quarter was $9.98 billion, beating analyst consensus expectations of $9.93 billion. The company generated $3.07 per share during the previous year. Compared to the same quarter last year, the increase in sales for the quarter was 4.3% higher than the level of the previous year. As a result, sell-side analysts expect General Dynamics to bring in his $12.16 in earnings per share this fiscal year.
Additionally, the company recently announced a quarterly dividend due to be distributed on February 10th. This equates to a $5.04 annual dividend payout and a 2.03% yield on his investment. This dividend has a date associated with it called the “ex-dividend date” and is scheduled for Thursday, January 19th. The amount that General Dynamics will pay in the form of dividends is 41.97% of that amount. Earnings.
General Dynamics Corporation is an international company operating in the aerospace and defense sector. The company consists of four different commercial divisions: technology, aerospace, maritime and combat systems. Aerospace companies provide a variety of services such as aircraft management, charter, personnel management, maintenance and repair, fixed base operator services, aircraft development and manufacturing. In addition to these services, there is also the sale of business jets.
