Shares of General Dynamics Corporation (NYSE:GD) have been given a consensus recommendation of “Hold” by the seventeen research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $217.44.
GD has been the subject of a number of recent analyst reports. Cowen reaffirmed a “buy” rating and issued a $230.00 price objective on shares of General Dynamics in a research report on Thursday, October 19th. Jefferies Group reaffirmed a “buy” rating and issued a $236.00 price objective on shares of General Dynamics in a research report on Thursday, October 26th. Zacks Investment Research raised General Dynamics from a “hold” rating to a “buy” rating and set a $238.00 price objective for the company in a research report on Thursday, October 26th. ValuEngine raised General Dynamics from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Royal Bank of Canada set a $239.00 price objective on General Dynamics and gave the company a “buy” rating in a research report on Wednesday, November 15th.
In other General Dynamics news, VP Gregory S. Gallopoulos sold 78,370 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $202.93, for a total transaction of $15,903,624.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John Patrick Casey sold 34,945 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $201.38, for a total value of $7,037,224.10. Following the transaction, the insider now owns 144,378 shares in the company, valued at approximately $29,074,841.64. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by company insiders.
Shares of General Dynamics (NYSE:GD) traded down $1.43 during trading hours on Friday, hitting $199.64. The stock had a trading volume of 804,185 shares, compared to its average volume of 1,149,249. The stock has a market capitalization of $60,036.07, a P/E ratio of 19.97, a P/E/G ratio of 2.41 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.93 and a current ratio of 1.37. General Dynamics has a twelve month low of $168.00 and a twelve month high of $214.81.
General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $2.52 EPS for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.09. The business had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.94 billion. General Dynamics had a return on equity of 27.98% and a net margin of 9.94%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.36 earnings per share. research analysts forecast that General Dynamics will post 9.81 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 19th will be issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Thursday, January 18th. General Dynamics’s payout ratio is currently 33.50%.
About General Dynamics
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.
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