General Dynamics Corp. (GD) Stock Rating Upgraded by Vetr Inc.
General Dynamics Corp. (NYSE:GD) was upgraded by analysts at Vetr from a “hold” rating to a “strong-buy” rating in a report issued on Monday. The firm currently has a $169.96 target price on the stock. Vetr‘s price objective would indicate a potential upside of 12.95% from the company’s current price.
Other equities analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of General Dynamics Corp. from a “buy” rating to a “hold” rating in a research report on Monday. Argus lifted their price target on shares of General Dynamics Corp. from $160.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Jefferies Group reaffirmed a “buy” rating on shares of General Dynamics Corp. in a report on Wednesday, August 3rd. Sanford C. Bernstein raised shares of General Dynamics Corp. from a “market perform” rating to an “outperform” rating and set a $180.00 price target on the stock in a report on Wednesday, August 10th. They noted that the move was a valuation call. Finally, Robert W. Baird began coverage on shares of General Dynamics Corp. in a report on Thursday, October 6th. They set an “outperform” rating and a $181.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. General Dynamics Corp. has a consensus rating of “Buy” and a consensus price target of $159.66.
General Dynamics Corp. (NYSE:GD) traded down 0.57% during midday trading on Monday, reaching $150.48. 971,617 shares of the company’s stock traded hands. General Dynamics Corp. has a 1-year low of $121.61 and a 1-year high of $156.97. The firm has a market cap of $45.82 billion, a price-to-earnings ratio of 16.00 and a beta of 0.76. The stock’s 50 day moving average price is $152.73 and its 200 day moving average price is $144.86.
General Dynamics Corp. (NYSE:GD) last issued its earnings results on Wednesday, July 27th. The company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.31 by $0.13. The company earned $7.66 billion during the quarter, compared to analysts’ expectations of $7.88 billion. General Dynamics Corp. had a net margin of 9.53% and a return on equity of 27.74%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.27 EPS. Equities research analysts anticipate that General Dynamics Corp. will post $9.73 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 10th. Shareholders of record on Friday, October 7th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Wednesday, October 5th. General Dynamics Corp.’s payout ratio is 32.27%.
In other news, VP Gregory S. Gallopoulos sold 39,000 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $146.58, for a total value of $5,716,620.00. Following the transaction, the vice president now owns 153,848 shares in the company, valued at approximately $22,551,039.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert W. Helm sold 87,790 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $150.91, for a total transaction of $13,248,388.90. Following the completion of the transaction, the insider now owns 157,176 shares in the company, valued at approximately $23,719,430.16. The disclosure for this sale can be found here. Company insiders own 6.80% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Central Bank & Trust Co. increased its position in shares of General Dynamics Corp. by 6.7% in the third quarter. Central Bank & Trust Co. now owns 651 shares of the company’s stock worth $101,000 after buying an additional 41 shares during the period. WFG Advisors LP increased its position in shares of General Dynamics Corp. by 0.3% in the second quarter. WFG Advisors LP now owns 753 shares of the company’s stock worth $105,000 after buying an additional 2 shares during the period. Sun Life Financial INC purchased a new position in shares of General Dynamics Corp. during the first quarter worth about $106,147,000. Signaturefd LLC increased its position in shares of General Dynamics Corp. by 5.7% in the second quarter. Signaturefd LLC now owns 818 shares of the company’s stock worth $114,000 after buying an additional 44 shares during the period. Finally, Compagnie Lombard Odier SCmA increased its position in shares of General Dynamics Corp. by 820.0% in the second quarter. Compagnie Lombard Odier SCmA now owns 920 shares of the company’s stock worth $128,000 after buying an additional 820 shares during the period. Hedge funds and other institutional investors own 87.68% of the company’s stock.
About General Dynamics Corp.
General Dynamics Corporation is an aerospace and defense company that offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions and information technology (IT) services, and shipbuilding.
Receive News & Stock Ratings for General Dynamics Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics Corp. and related stocks with our FREE daily email newsletter.