General Dynamics (NYSE:GD) had its price objective lifted by Credit Suisse Group from $259.00 to $262.00 in a research report report published on Tuesday. Credit Suisse Group currently has an outperform rating on the aerospace company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Jefferies Group reiterated a buy rating and set a $237.00 target price on shares of General Dynamics in a research report on Monday, January 8th. Cowen reiterated a buy rating and set a $230.00 target price on shares of General Dynamics in a research report on Thursday, October 26th. Zacks Investment Research upgraded shares of General Dynamics from a hold rating to a buy rating and set a $238.00 target price for the company in a research report on Thursday, October 26th. Royal Bank of Canada set a $239.00 target price on shares of General Dynamics and gave the stock a buy rating in a research report on Wednesday, November 15th. Finally, Bank of America increased their target price on shares of General Dynamics from $245.00 to $260.00 and gave the stock a buy rating in a research report on Thursday, January 25th. Three analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $232.09.

Shares of General Dynamics (NYSE GD) opened at $211.81 on Tuesday. The stock has a market cap of $62,216.50, a PE ratio of 21.06, a P/E/G ratio of 2.22 and a beta of 0.85. The company has a current ratio of 1.40, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35. General Dynamics has a 1 year low of $183.72 and a 1 year high of $229.54.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.13. The business had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $8.40 billion. General Dynamics had a net margin of 9.40% and a return on equity of 27.22%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the company posted $1.89 EPS. analysts expect that General Dynamics will post 11.1 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, January 19th were paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, January 18th. General Dynamics’s payout ratio is 35.18%.

A number of institutional investors have recently added to or reduced their stakes in GD. Caisse DE Depot ET Placement DU Quebec boosted its stake in General Dynamics by 2,097.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,711,597 shares of the aerospace company’s stock worth $353,351,000 after acquiring an additional 1,633,700 shares during the last quarter. American Century Companies Inc. boosted its stake in General Dynamics by 9,395.8% during the 4th quarter. American Century Companies Inc. now owns 452,570 shares of the aerospace company’s stock worth $92,075,000 after acquiring an additional 447,804 shares during the last quarter. Koch Industries Inc. acquired a new stake in General Dynamics during the 2nd quarter worth approximately $437,000. Renaissance Technologies LLC raised its holdings in General Dynamics by 119.3% during the 4th quarter. Renaissance Technologies LLC now owns 703,800 shares of the aerospace company’s stock worth $143,188,000 after buying an additional 382,883 shares during the period. Finally, Alyeska Investment Group L.P. raised its holdings in General Dynamics by 82.6% during the 3rd quarter. Alyeska Investment Group L.P. now owns 697,511 shares of the aerospace company’s stock worth $143,394,000 after buying an additional 315,512 shares during the period. 87.03% of the stock is currently owned by institutional investors and hedge funds.

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General Dynamics 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 (NYSE:GD)

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