General Dynamics (GD) Receives New Coverage from Analysts at Susquehanna Bancshares

Susquehanna Bancshares started coverage on shares of General Dynamics (NYSE:GD) in a research note released on Thursday morning, Marketbeat reports. The brokerage issued a neutral rating and a $175.00 price objective on the aerospace company’s stock.

Other research analysts have also recently issued research reports about the stock. FIG Partners raised shares of General Dynamics to an add rating in a report on Tuesday. Jefferies Financial Group cut shares of General Dynamics from a buy rating to a hold rating and reduced their target price for the stock from $197.00 to $164.00 in a report on Tuesday. Barclays reduced their target price on shares of General Dynamics from $256.00 to $210.00 and set an overweight rating for the company in a report on Tuesday, December 4th. Morgan Stanley reduced their target price on shares of General Dynamics from $209.00 to $189.00 and set an underweight rating for the company in a report on Wednesday, November 14th. Finally, Argus reduced their target price on shares of General Dynamics from $250.00 to $200.00 and set a buy rating for the company in a report on Friday, October 26th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $220.32.

Shares of NYSE GD traded up $1.38 during midday trading on Thursday, reaching $163.81. The company had a trading volume of 1,239,173 shares, compared to its average volume of 1,350,547. The stock has a market cap of $47.65 billion, a P/E ratio of 16.46, a P/E/G ratio of 1.29 and a beta of 1.09. General Dynamics has a 1 year low of $143.87 and a 1 year high of $230.00. The company has a current ratio of 1.27, a quick ratio of 0.87 and a debt-to-equity ratio of 0.89.



General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, October 24th. The aerospace company reported $2.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.76 by $0.13. The business had revenue of $9.09 billion during the quarter, compared to analysts’ expectations of $9.41 billion. General Dynamics had a net margin of 9.01% and a return on equity of 27.22%. The business’s quarterly revenue was up 20.0% on a year-over-year basis. During the same quarter last year, the company posted $2.52 earnings per share. As a group, sell-side analysts forecast that General Dynamics will post 11.31 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 8th. Investors of record on Friday, January 18th will be issued a dividend of $0.93 per share. The ex-dividend date is Thursday, January 17th. This represents a $3.72 annualized dividend and a dividend yield of 2.27%. General Dynamics’s dividend payout ratio (DPR) is presently 37.39%.

In other news, Director Mark Malcolm purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, October 26th. The shares were bought at an average price of $169.87 per share, for a total transaction of $509,610.00. Following the completion of the transaction, the director now owns 4,455 shares in the company, valued at $756,770.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Catherine B. Reynolds purchased 600 shares of the company’s stock in a transaction that occurred on Friday, December 7th. The shares were purchased at an average price of $167.64 per share, for a total transaction of $100,584.00. Following the transaction, the director now owns 1,153 shares of the company’s stock, valued at approximately $193,288.92. The disclosure for this purchase can be found here. 6.90% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc grew its position in General Dynamics by 1.7% during the third quarter. Vanguard Group Inc now owns 20,905,951 shares of the aerospace company’s stock valued at $4,279,866,000 after buying an additional 357,032 shares during the period. BlackRock Inc. grew its position in shares of General Dynamics by 2.5% in the third quarter. BlackRock Inc. now owns 17,451,297 shares of the aerospace company’s stock valued at $3,572,628,000 after purchasing an additional 426,955 shares during the period. Matthew Goff Investment Advisor LLC grew its position in shares of General Dynamics by 18,540.8% in the third quarter. Matthew Goff Investment Advisor LLC now owns 4,959,204 shares of the aerospace company’s stock valued at $26,604,000 after purchasing an additional 4,932,600 shares during the period. Franklin Resources Inc. grew its position in shares of General Dynamics by 1.0% in the third quarter. Franklin Resources Inc. now owns 3,802,784 shares of the aerospace company’s stock valued at $778,507,000 after purchasing an additional 37,756 shares during the period. Finally, Capital International Investors grew its position in shares of General Dynamics by 79.5% in the third quarter. Capital International Investors now owns 2,642,678 shares of the aerospace company’s stock valued at $541,009,000 after purchasing an additional 1,170,662 shares during the period. Institutional investors own 86.36% of the company’s stock.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.

Further Reading: What are Institutional Investors?

Analyst Recommendations for General Dynamics (NYSE:GD)

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