General Dynamics (NYSE:GD) PT Raised to $310.00

General Dynamics (NYSE:GD) had its price objective upped by Barclays from $285.00 to $310.00 in a report issued on Monday, Benzinga reports. They currently have an overweight rating on the aerospace company’s stock.

Several other brokerages also recently commented on GD. StockNews.com downgraded shares of General Dynamics from a strong-buy rating to a buy rating in a research note on Saturday, February 3rd. Alembic Global Advisors downgraded shares of General Dynamics from an overweight rating to a neutral rating and set a $296.00 price objective for the company. in a research note on Monday, January 29th. Susquehanna upped their price objective on shares of General Dynamics from $301.00 to $333.00 and gave the company a positive rating in a research note on Friday, April 12th. Citigroup upped their price objective on shares of General Dynamics from $283.00 to $300.00 and gave the company a buy rating in a research note on Thursday, January 25th. Finally, Royal Bank of Canada upped their price objective on shares of General Dynamics from $300.00 to $325.00 and gave the company an outperform rating in a research note on Tuesday, April 2nd. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $283.80.

General Dynamics Stock Performance

General Dynamics stock opened at $285.27 on Monday. The company has a quick ratio of 0.92, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $78.27 billion, a PE ratio of 23.73, a P/E/G ratio of 1.81 and a beta of 0.68. The firm has a fifty day simple moving average of $278.70 and a two-hundred day simple moving average of $259.03. General Dynamics has a twelve month low of $202.35 and a twelve month high of $296.50.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share for the quarter, missing the consensus estimate of $3.68 by ($0.04). The business had revenue of $11.67 billion during the quarter, compared to the consensus estimate of $11.39 billion. General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $3.58 earnings per share. Research analysts expect that General Dynamics will post 14.57 EPS for the current year.

General Dynamics Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be issued a $1.42 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $5.68 annualized dividend and a yield of 1.99%. This is a boost from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio (DPR) is currently 47.25%.

Insider Buying and Selling

In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $264.75, for a total value of $19,414,117.50. Following the transaction, the executive vice president now directly owns 149,205 shares in the company, valued at $39,502,023.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $264.75, for a total value of $19,414,117.50. Following the transaction, the executive vice president now directly owns 149,205 shares in the company, valued at $39,502,023.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the completion of the transaction, the chief executive officer now owns 773,977 shares in the company, valued at $204,569,860.87. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by corporate insiders.

Institutional Trading of General Dynamics

Several institutional investors and hedge funds have recently modified their holdings of GD. Norges Bank bought a new stake in shares of General Dynamics during the 4th quarter valued at $728,284,000. Wellington Management Group LLP raised its position in shares of General Dynamics by 12.0% during 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 during the period. Price T Rowe Associates Inc. MD grew its stake in General Dynamics by 484.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,749,729 shares of the aerospace company’s stock valued at $399,306,000 after acquiring an additional 1,450,213 shares in the last quarter. Moneta Group Investment Advisors LLC grew its stake in General Dynamics by 91,832.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,386,337 shares of the aerospace company’s stock valued at $343,964,000 after acquiring an additional 1,384,829 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in General Dynamics by 10,763.2% during the fourth quarter. International Assets Investment Management LLC now owns 923,593 shares of the aerospace company’s stock valued at $239,829,000 after acquiring an additional 915,091 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Company Profile

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.