General Dynamics Co. (NYSE:GD – Get Rating) – Equity researchers at Jefferies Financial Group said in a research report published on Tuesday, Jan. 3 that General Dynamics’ shares will post earnings per share in the first quarter of 2023. announced an estimate of Jefferies Financial Group analyst S. Kahyaoglu expects the aerospace company to post earnings of $3.06 per share in the quarter. General Dynamics’ current consensus estimate for annual earnings is $12.16 per share. Jefferies Financial Group also reported General Dynamics second-quarter 2023 earnings of EPS of $3.22, third-quarter 2023 earnings of EPS of $3.56, 2023 earnings of EPS of $14.05, and 2024 earnings. was estimated at EPS of $15.65 and 2025 earnings at EPS of $16.95.
General Dynamics (NYSE:GD – Get Rating) reported final results on Wednesday, Oct. 26. The aerospace company reported EPS of $3.26 for the quarter, beating consensus expectations of $3.16 by $0.10. The company’s revenue for the quarter was $9.98 billion, compared with analyst estimates of $9.93 billion. General Dynamics’ return on equity was 18.96% and net profit margin was 8.62%. Business revenue increased by 4.3% year-on-year. During the same quarter last year, the company earned his EPS of $3.07.
Several other analysts have also recently published reports on the company. StockNews.com downgraded General Dynamics from ‘strong buy’ to ‘buy’ in a report on Wednesday, December 14th. Credit Suisse Group raised its price target on General Dynamics from $238.00 to $243.00 and gave it a Neutral rating in its report on Friday, October 28th. Cowen raised his General Dynamics price target to $285.00 from his $260.00 in Tuesday’s report. Bank of America increased its price target for General Dynamics from $286.00 to $325.00 in a research note on Friday, October 28th. Finally, Royal Bank of Canada increased its price target for General Dynamics from $270.00 to $275.00 in a research note on Thursday, October 27th. Two investment analysts issued hold ratings and six issued buy ratings. According to MarketBeat, General Dynamics’ current consensus rating is “moderate buy” with an average target price of $273.91.
General Dynamics Trading Up 0.2 %
NYSE GD shares opened Wednesday at $248.60. The company has a market capitalization of $68.25 billion, a price/earnings ratio of 20.70, a price/earnings ratio of 1.91 and a beta of 0.88. General Dynamics has a 12-month low of $200.65 and a 12-month high of $256.86. 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 stock has a 50-day simple moving average of $248.84 and a 200-day simple moving average of $234.10.
General Dynamics Announces Dividend
The company also recently announced a quarterly dividend payable on Friday, February 10th. Shareholders of record on Friday, January 20 will be paid a dividend of $1.26. This represents his $5.04 dividend and his 2.03% dividend yield on an annual basis. The ex-dividend date for this dividend is January 19 (Thursday). General Dynamics’ dividend payout ratio is currently 41.97%.
Institutional trading in general dynamics
Many hedge funds and other institutional investors have recently changed their GD holdings. Continental Investors Services Inc. took a new position worth $275,000 in General Dynamics shares in the third quarter. Perigon Wealth Management LLC increased his holding in General Dynamics stock by 34.5% in the third quarter. Perigon Wealth Management LLC owns 1,679 shares of the aerospace company, valued at $356,000, after acquiring an additional 431 shares in the previous quarter. Bank of New York Mellon Corp increased his holding in General Dynamics stock by 3.2% in the third quarter. Bank of New York Mellon Corp owns 1,862,536 shares of the aerospace company for $395,175,000 after acquiring an additional 57,554 shares during the previous quarter. Centaurus Financial Inc. increased its General Dynamics shareholding by 29.9% in the third quarter. Centaurus Financial Inc. owns 4,295 shares of the aerospace company, valued at $911,000, after acquiring an additional 989 shares during the previous quarter. Finally, EP Wealth Advisors LLC increased its General Dynamics holdings by 177.1% in the third quarter. EP Wealth Advisors LLC owns 31,514 shares worth $6,686,000 in aerospace companies after acquiring an additional 20,141 shares during the previous quarter. Institutional investors own 84.83% of the company’s shares.
About the dynamics in general
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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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