Cowen and Company restated their buy rating on shares of General Dynamics Corporation (NYSE:GD) in a research note released on Thursday morning. Cowen and Company currently has a $230.00 price objective on the aerospace company’s stock.

Several other research analysts have also commented on the stock. ValuEngine upgraded shares of General Dynamics Corporation from a hold rating to a buy rating in a report on Friday, September 1st. BidaskClub upgraded shares of General Dynamics Corporation from a buy rating to a strong-buy rating in a report on Tuesday, July 25th. Zacks Investment Research lowered shares of General Dynamics Corporation from a buy rating to a hold rating in a report on Friday, July 28th. Berenberg Bank initiated coverage on shares of General Dynamics Corporation in a report on Wednesday, July 12th. They issued a buy rating and a $230.00 price objective for the company. Finally, Jefferies Group LLC restated a buy rating and issued a $220.00 price objective on shares of General Dynamics Corporation in a report on Friday, July 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $210.79.

General Dynamics Corporation (NYSE:GD) traded up 1.05% during midday trading on Thursday, reaching $213.86. 899,469 shares of the company’s stock were exchanged. The company has a market cap of $64.11 billion, a price-to-earnings ratio of 21.13 and a beta of 0.72. General Dynamics Corporation has a 12-month low of $148.76 and a 12-month high of $214.81. The firm has a 50-day moving average price of $206.12 and a 200 day moving average price of $199.72.

General Dynamics Corporation (NYSE:GD) last issued its quarterly earnings data on Wednesday, July 26th. The aerospace company reported $2.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.43 by $0.02. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. The business had revenue of $7.68 billion during the quarter, compared to analyst estimates of $7.76 billion. During the same period in the prior year, the business earned $2.30 EPS. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, analysts expect that General Dynamics Corporation will post $9.81 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, October 6th will be given a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, October 5th. General Dynamics Corporation’s dividend payout ratio (DPR) is 34.57%.

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in General Dynamics Corporation by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 20,176,505 shares of the aerospace company’s stock valued at $3,996,966,000 after purchasing an additional 376,688 shares during the last quarter. Capital Research Global Investors grew its position in General Dynamics Corporation by 4.5% during the 2nd quarter. Capital Research Global Investors now owns 16,792,408 shares of the aerospace company’s stock valued at $3,326,576,000 after purchasing an additional 725,896 shares during the last quarter. BlackRock Inc. grew its position in General Dynamics Corporation by 5.3% during the 2nd quarter. BlackRock Inc. now owns 16,338,831 shares of the aerospace company’s stock valued at $3,236,720,000 after purchasing an additional 829,487 shares during the last quarter. Janus Henderson Group PLC grew its position in General Dynamics Corporation by 44,941.4% during the 2nd quarter. Janus Henderson Group PLC now owns 4,998,693 shares of the aerospace company’s stock valued at $990,241,000 after purchasing an additional 4,987,595 shares during the last quarter. Finally, Janus Capital Management LLC grew its position in General Dynamics Corporation by 22.1% during the 1st quarter. Janus Capital Management LLC now owns 4,148,390 shares of the aerospace company’s stock valued at $776,563,000 after purchasing an additional 749,793 shares during the last quarter. 86.17% of the stock is currently owned by institutional investors.

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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