Shares of General Dynamics Corporation (NYSE:GD) have been given a consensus recommendation of “Buy” by the eighteen research firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $204.21.

GD has been the subject of several analyst reports. Jefferies Group LLC reissued a “buy” rating and set a $200.00 price target on shares of General Dynamics Corporation in a research report on Tuesday, April 18th. UBS AG reissued a “buy” rating and set a $225.00 price target (up previously from $215.00) on shares of General Dynamics Corporation in a research report on Monday, June 12th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $220.00 target price on shares of General Dynamics Corporation in a research report on Friday, June 2nd. ValuEngine raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research raised shares of General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $224.00 target price for the company in a research report on Tuesday, June 27th.

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Shares of General Dynamics Corporation (NYSE:GD) opened at 198.80 on Tuesday. The company has a market capitalization of $59.60 billion, a P/E ratio of 19.64 and a beta of 0.71. General Dynamics Corporation has a one year low of $147.80 and a one year high of $205.90. The firm has a 50 day moving average price of $200.36 and a 200 day moving average price of $192.94.

General Dynamics Corporation (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.43 by $0.02. The company had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $7.76 billion. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.30 earnings per share. On average, equities research analysts predict that General Dynamics Corporation will post $9.82 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, October 6th will be paid a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, October 5th. General Dynamics Corporation’s dividend payout ratio (DPR) is 34.57%.

In related news, Director Lester L. Lyles sold 2,551 shares of General Dynamics Corporation stock in a transaction on Friday, May 19th. The shares were sold at an average price of $196.01, for a total transaction of $500,021.51. Following the transaction, the director now owns 7,336 shares in the company, valued at approximately $1,437,929.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Christopher Marzilli sold 43,890 shares of General Dynamics Corporation stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $201.37, for a total transaction of $8,838,129.30. Following the transaction, the vice president now owns 107,857 shares in the company, valued at approximately $21,719,164.09. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its stake in shares of General Dynamics Corporation by 0.7% in the first quarter. Quadrant Capital Group LLC now owns 608 shares of the aerospace company’s stock valued at $108,000 after buying an additional 4 shares during the last quarter. Zions Bancorporation boosted its stake in shares of General Dynamics Corporation by 0.5% in the first quarter. Zions Bancorporation now owns 732 shares of the aerospace company’s stock valued at $137,000 after buying an additional 4 shares during the last quarter. Norway Savings Bank boosted its stake in shares of General Dynamics Corporation by 0.5% in the second quarter. Norway Savings Bank now owns 1,015 shares of the aerospace company’s stock valued at $201,000 after buying an additional 5 shares during the last quarter. Savant Capital LLC boosted its stake in shares of General Dynamics Corporation by 0.4% in the first quarter. Savant Capital LLC now owns 1,815 shares of the aerospace company’s stock valued at $340,000 after buying an additional 7 shares during the last quarter. Finally, Guardian Life Insurance Co. of America boosted its stake in shares of General Dynamics Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,104 shares of the aerospace company’s stock valued at $207,000 after buying an additional 8 shares during the last quarter. Institutional investors and hedge funds own 87.52% of the company’s stock.

General Dynamics Corporation Company Profile

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

Analyst Recommendations for General Dynamics Corporation (NYSE:GD)

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