General Dynamics (NYSE:GD) Sets New 52-Week High at $285.86

General Dynamics Co. (NYSE:GDGet Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $285.86 and last traded at $285.86, with a volume of 2630 shares trading hands. The stock had previously closed at $282.49.

Analysts Set New Price Targets

Several brokerages recently issued reports on GD. Citigroup lifted their target price on General Dynamics from $283.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. StockNews.com downgraded General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 3rd. Alembic Global Advisors downgraded General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 target price on the stock. in a research note on Monday, January 29th. Royal Bank of Canada upped their price objective on General Dynamics from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, UBS Group increased their price objective on shares of General Dynamics from $286.00 to $296.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and a consensus price target of $273.62.

View Our Latest Report on General Dynamics

General Dynamics Stock Down 0.3 %

The business’s fifty day moving average is $272.42 and its two-hundred day moving average is $253.39. The company has a market cap of $79.72 billion, a P/E ratio of 24.17, a price-to-earnings-growth ratio of 1.79 and a beta of 0.68. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.44.

General Dynamics (NYSE:GDGet Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The company had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.39 billion. During the same quarter in the previous year, the business earned $3.58 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities analysts predict that General Dynamics Co. will post 14.59 EPS for the current year.

General Dynamics Increases Dividend

The business 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 dividend of $1.42 per share. This is a positive change from General Dynamics’s previous quarterly dividend of $1.32. The ex-dividend date is Thursday, April 11th. This represents a $5.68 dividend on an annualized basis and a yield of 1.95%. General Dynamics’s dividend payout ratio (DPR) is presently 43.93%.

Insider Activity at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 773,977 shares of the company’s stock, valued at approximately $204,569,860.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of General Dynamics 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 directly owns 149,205 shares in the company, valued at approximately $39,502,023.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Phebe N. Novakovic sold 32,355 shares of the business’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 transaction, the chief executive officer now owns 773,977 shares of the company’s stock, valued at $204,569,860.87. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On General Dynamics

Large investors have recently added to or reduced their stakes in the stock. Copperwynd Financial LLC lifted its holdings in General Dynamics by 3.7% in 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 period. Woodward Diversified Capital LLC lifted its holdings 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 valued at $448,000 after acquiring an additional 39 shares during the period. Newbridge Financial Services Group Inc. lifted its holdings in General Dynamics by 16.2% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 287 shares of the aerospace company’s stock valued at $75,000 after acquiring an additional 40 shares during the period. Regent Peak Wealth Advisors LLC lifted its holdings in General Dynamics by 0.4% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 10,830 shares of the aerospace company’s stock valued at $2,812,000 after acquiring an additional 41 shares during the period. Finally, Cornercap Investment Counsel Inc. lifted its holdings in General Dynamics by 0.4% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 10,377 shares of the aerospace company’s stock valued at $2,695,000 after acquiring an additional 41 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

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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