General Dynamics Co. (NYSE:GD – Get Rating) stock has a “moderate buy” consensus recommendation from the 12 rating agencies that currently cover the stock, Marketbeat reports. Two investment analysts rated the stock with a hold rating and five gave the company a buy rating. The average annual price target for brokers who updated their stock coverage last year is $272.80.
Several research firms publish reports on GD. Credit Suisse Group raised General Dynamics’ price target from $238.00 to $243.00 and gave the stock a “Neutral” rating in its research notes on Friday, October 28. Bank of America increased its price target for General Dynamics from $286.00 to $325.00 in a research note on Friday, October 28. StockNews.com downgraded General Dynamics from ‘strong buy’ to ‘buy’ in a research note on Wednesday, December 14th. Royal Bank of Canada increased its General Dynamics price target from $270.00 to $275.00 in a report on Thursday, October 27th. Finally, Wells Fargo & Company lowered its price target on General Dynamics from $256.00 to $249.00 and gave the stock an “overweight” rating in its Wednesday, September 28 report.
Hedge funds focus on general dynamics
Hedge funds have recently increased or decreased their stake in the company. Certified Advisory Corp purchased approximately $25,000 worth of new positions in General Dynamics in the first quarter. Crewe Advisors LLC purchased approximately $27,000 worth of new positions in General Dynamics in the second quarter. Wagner Wealth Management LLC purchased approximately $32,000 worth of new positions in General Dynamics in the second quarter. Coston McIsaac & Partners purchased approximately $32,000 worth of new positions in General Dynamics in the second quarter. Finally, Quent Capital LLC increased its holding of General Dynamics by 67.7% in the first quarter. Quent Capital LLC owns 166 shares worth $40,000 in the aerospace company after purchasing an additional 67 of his shares during the last quarter. An institutional investor owns his 84.83% of the company’s shares.
General dynamics stock performance
NYSE GD shares opened Friday at $248.11. The business has a 50-day simple moving average of $248.70 and a 200-day simple moving average of $233.46. The company has a current ratio of 1.34, a quick ratio of 0.94 and a debt to equity ratio of 0.52. The company has a market capitalization of $68.12 billion, a price/earnings ratio of 20.66, a PEG ratio of 2.21 and a beta of 0.89. His 1-year low on General Dynamics is $200.65 and his 1-year high is $256.86.
General Dynamics (NYSE:GD – Get Rating) last released its quarterly earnings data on Wednesday, Oct. 26. The aerospace company reported earnings per share (EPS) of $3.26 for the quarter, beating consensus expectations of $3.16 by $0.10. General Dynamics’ return on equity was 18.96% and net profit margin was 8.62%. The company’s revenue for the quarter was $9.98 billion, compared with analyst estimates of $9.93 billion. His earnings per share for the company in the same period last year were $3.07. Business revenue for the quarter increased by 4.3% compared to the same period last year. Sell-side analysts expect General Dynamics to record 12.16 EPS this year.
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. This represents his $5.04 dividend and his 2.03% yield on an annualized basis. The ex-dividend date for this dividend is January 19 (Thursday). General Dynamics payout ratio is 41.97%.
About the dynamics in general
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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