General Dynamics (NYSE:GD) Price Target Raised to $279.00

General Dynamics (NYSE:GD – Free Report) had its target price raised by UBS Group from $268.00 to $279.00 in a research note issued to investors on Thursday morning,Benzinga reports.

They currently have a neutral rating on the aerospace company’s stock.Other equities research analysts also recently issued reports about the company. Vertical Research downgraded General Dynamics from a “buy” rating to a “hold” rating and dropped their target price for the stock from $352.



00 to $290.00 in a report on Monday, January 6th. Cowen reissued a “buy” rating on shares of General Dynamics in a research report on Thursday.

Citigroup reduced their price objective on shares of General Dynamics from $335.00 to $330.00 and set a “buy” rating for the company in a research note on Thursday, April 10th.

Morgan Stanley downgraded shares of General Dynamics from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $315.00 to $305.00 in a research note on Wednesday, April 16th.

Finally, JPMorgan Chase & Co. reduced their price target on shares of General Dynamics from $307.00 to $284.

00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.

com, the company has an average rating of “Hold” and a consensus price target of $293.83.Read Our Latest Stock Analysis on General DynamicsGeneral Dynamics Trading Up 0.

2 %Shares of NYSE GD opened at $272.30 on Thursday. The stock has a market cap of $73.

08 billion, a P/E ratio of 19.96, a price-to-earnings-growth ratio of 1.69 and a beta of 0.

43. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.

37 and a quick ratio of 0.82. General Dynamics has a 1 year low of $239.

20 and a 1 year high of $316.90. The firm has a 50-day moving average of $264.

21 and a 200 day moving average of $271.94. General Dynamics (NYSE:GD – Get Free Report) last released its earnings results on Wednesday, April 23rd.

The aerospace company reported $3.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.

23. The firm had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.

92 billion. General Dynamics had a net margin of 7.93% and a return on equity of 17.

10%. As a group, sell-side analysts expect that General Dynamics will post 14.83 EPS for the current fiscal year.

General Dynamics Increases DividendThe company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 11th will be given a $1.50 dividend.

This represents a $6.00 annualized dividend and a yield of 2.20%.

This is a boost from General Dynamics’s previous quarterly dividend of $1.42. The ex-dividend date is Friday, April 11th.

General Dynamics’s dividend payout ratio (DPR) is presently 41.61%. Insider ActivityIn other news, SVP Marguerite Amy Gilliland sold 27,562 shares of the company’s stock in a transaction on Monday, March 10th.

The stock was sold at an average price of $272.11, for a total value of $7,499,895.82.

Following the completion of the sale, the senior vice president now directly owns 45,192 shares in the company, valued at $12,297,195.12. This represents a 37.

88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Laura J.

Schumacher sold 1,796 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $255.68, for a total value of $459,201.

28. Following the completion of the transaction, the director now directly owns 11,175 shares in the company, valued at approximately $2,857,224. This represents a 13.

85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.

50% of the company’s stock. Institutional Investors Weigh In On General DynamicsHedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc.

increased its stake in shares of General Dynamics by 3.1% in the fourth quarter. Vanguard Group Inc.

now owns 23,780,078 shares of the aerospace company’s stock worth $6,265,813,000 after purchasing an additional 706,317 shares in the last quarter. Capital Research Global Investors boosted its holdings in General Dynamics by 7.4% in the 4th quarter.

Capital Research Global Investors now owns 6,734,148 shares of the aerospace company’s stock worth $1,774,381,000 after buying an additional 463,497 shares during the period. Geode Capital Management LLC increased its stake in General Dynamics by 2.4% in the 4th quarter.

Geode Capital Management LLC now owns 5,688,672 shares of the aerospace company’s stock worth $1,496,939,000 after buying an additional 131,268 shares in the last quarter. Sanders Capital LLC raised its holdings in General Dynamics by 0.8% during the fourth quarter.

Sanders Capital LLC now owns 4,212,422 shares of the aerospace company’s stock valued at $1,109,931,000 after acquiring an additional 33,962 shares during the period. Finally, Royal Bank of Canada lifted its position in shares of General Dynamics by 5.2% in the fourth quarter.

Royal Bank of Canada now owns 2,935,046 shares of the aerospace company’s stock valued at $773,355,000 after acquiring an additional 145,978 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

About General Dynamics (Get Free Report)General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.

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