General Dynamics (NYSE:GD) Price Target Raised to $333.00 at Susquehanna

General Dynamics (NYSE:GD) had its price target raised by Susquehanna from $301.00 to $333.00 in a research note released on Friday morning, Benzinga reports. They currently have a positive rating on the aerospace company’s stock.

A number of other analysts have also recently issued reports on the company. UBS Group raised their price objective on General Dynamics from $286.00 to $296.00 and gave the company a neutral rating in a research report on Monday, January 29th. StockNews.com cut shares of General Dynamics from a strong-buy rating to a buy rating in a research report on Saturday, February 3rd. Wells Fargo & Company increased their price objective on shares of General Dynamics from $291.00 to $322.00 and gave the company an overweight rating in a research report on Thursday, April 4th. Citigroup lifted their target price on shares of General Dynamics from $283.00 to $300.00 and gave the stock a buy rating in a report on Thursday, January 25th. Finally, Alembic Global Advisors cut shares of General Dynamics from an overweight rating to a neutral rating and set a $296.00 price target on the stock. in a report on Monday, January 29th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, General Dynamics has an average rating of Moderate Buy and a consensus target price of $283.79.

General Dynamics Trading Down 1.1 %

NYSE:GD opened at $284.68 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. General Dynamics has a twelve month low of $202.35 and a twelve month high of $296.50. The company has a market cap of $78.11 billion, a P/E ratio of 23.68, a price-to-earnings-growth ratio of 1.83 and a beta of 0.68. The business has a 50 day moving average price of $277.72 and a two-hundred day moving average price of $258.21.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $3.64 EPS for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. The business had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.39 billion. During the same quarter in the prior year, the company earned $3.58 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, analysts expect that General Dynamics will post 14.57 EPS for the current fiscal year.

General Dynamics Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Thursday, April 11th. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. General Dynamics’s dividend payout ratio (DPR) is 47.25%.

Insider Buying and Selling at General Dynamics

In related news, EVP Mark C. Roualet sold 73,330 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $264.75, for a total transaction of $19,414,117.50. Following the completion of the transaction, the executive vice president now directly owns 149,205 shares of the company’s stock, valued at approximately $39,502,023.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $264.75, for a total transaction of $19,414,117.50. Following the completion of the sale, the executive vice president now owns 149,205 shares of the company’s stock, valued at approximately $39,502,023.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Phebe N. Novakovic sold 32,355 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the completion of the sale, the chief executive officer now directly owns 773,977 shares in the company, valued at $204,569,860.87. The disclosure for this sale can be found here. Corporate insiders own 1.52% of the company’s stock.

Institutional Trading of General Dynamics

Several large investors have recently modified their holdings of GD. Fulton Bank N.A. increased its stake in shares of General Dynamics by 1.1% in the first quarter. Fulton Bank N.A. now owns 3,299 shares of the aerospace company’s stock worth $932,000 after buying an additional 37 shares during the period. Copperwynd Financial LLC raised its stake in shares of General Dynamics by 3.7% during the fourth quarter. Copperwynd Financial LLC now owns 1,056 shares of the aerospace company’s stock valued at $274,000 after acquiring an additional 38 shares during the last quarter. Woodward Diversified Capital LLC lifted its stake in General Dynamics by 2.3% in the fourth quarter. Woodward Diversified Capital LLC now owns 1,727 shares of the aerospace company’s stock worth $448,000 after acquiring an additional 39 shares during the period. Newbridge Financial Services Group Inc. boosted its stake in shares of General Dynamics by 16.2% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 287 shares of the aerospace company’s stock valued at $75,000 after purchasing an additional 40 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC grew its holdings in shares of General Dynamics by 0.4% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 10,830 shares of the aerospace company’s stock worth $2,812,000 after acquiring an additional 41 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Company Profile

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.