Robert W. Baird Boosts General Dynamics (NYSE:GD) Price Target to $218.00

General Dynamics (NYSE:GD) had its price target lifted by Robert W. Baird from $188.00 to $218.00 in a research note issued to investors on Wednesday, The Fly reports. The firm currently has an outperform rating on the aerospace company’s stock.

GD has been the topic of several other reports. ValuEngine lowered shares of Universal Electronics from a strong-buy rating to a buy rating in a research report on Thursday, June 6th. Zacks Investment Research upgraded shares of Global Ship Lease from a hold rating to a strong-buy rating and set a $7.75 target price on the stock in a research report on Monday, June 3rd. JPMorgan Chase & Co. restated a hold rating and set a $7.00 target price on shares of Deutsche Bank in a research report on Thursday, April 25th. Cowen restated an outperform rating and set a $230.00 target price (up from $200.00) on shares of Norfolk Southern in a research report on Wednesday, April 24th. Finally, UBS Group restated a buy rating and set a $124.00 target price on shares of Cie Gnrl des Etblsmnts Michelin SCA in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $196.00.

Shares of GD opened at $185.84 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The business’s 50-day moving average is $173.82. General Dynamics has a twelve month low of $143.87 and a twelve month high of $207.72. The firm has a market capitalization of $53.68 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 1.78 and a beta of 1.20.



General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, April 24th. The aerospace company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.18. General Dynamics had a net margin of 8.68% and a return on equity of 27.62%. The company had revenue of $9.26 billion for the quarter, compared to analyst estimates of $8.90 billion. During the same period in the prior year, the business posted $2.65 earnings per share. The firm’s revenue for the quarter was up 22.9% compared to the same quarter last year. Sell-side analysts predict that General Dynamics will post 11.76 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 5th will be given a $1.02 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $4.08 annualized dividend and a dividend yield of 2.20%. General Dynamics’s dividend payout ratio is presently 35.73%.

In other news, EVP John Patrick Casey sold 45,470 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $172.46, for a total value of $7,841,756.20. Following the sale, the executive vice president now directly owns 148,133 shares in the company, valued at $25,547,017.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.10% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Longview Asset Management LLC lifted its stake in shares of General Dynamics by 0.7% during the first quarter. Longview Asset Management LLC now owns 32,898,410 shares of the aerospace company’s stock valued at $5,569,043,000 after buying an additional 215,179 shares during the period. Geode Capital Management LLC lifted its stake in shares of General Dynamics by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 3,511,536 shares of the aerospace company’s stock valued at $551,080,000 after buying an additional 193,294 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of General Dynamics by 8.1% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,365,297 shares of the aerospace company’s stock valued at $569,677,000 after buying an additional 252,900 shares during the period. Ellis Investment Partners LLC lifted its stake in shares of General Dynamics by 16,833.7% during the first quarter. Ellis Investment Partners LLC now owns 960,820 shares of the aerospace company’s stock valued at $960,000 after buying an additional 955,146 shares during the period. Finally, Swiss National Bank lifted its stake in shares of General Dynamics by 2.4% during the first quarter. Swiss National Bank now owns 840,246 shares of the aerospace company’s stock valued at $142,237,000 after buying an additional 19,700 shares during the period. 86.45% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Company Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates in five segments: Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The Aerospace segment designs, manufactures, and supports business-jet aircraft; and offers business-aviation services, including maintenance, fixed-base operation, government fleet, aircraft management, charter, and staffing services, as well as integrated aviation solutions.

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