General Dynamics (NYSE:GD) PT Raised to $310.00

General Dynamics (NYSE:GD) had its target price raised by Argus from $290.00 to $310.00 in a report issued on Monday morning, Benzinga reports. Argus currently has a buy rating on the aerospace company’s stock.

A number of other research firms have also recently weighed in on GD. Royal Bank of Canada lowered their price objective on General Dynamics from $325.00 to $320.00 and set an outperform rating on the stock in a research report on Thursday, April 25th. The Goldman Sachs Group lifted their price target on shares of General Dynamics from $253.00 to $284.00 and gave the company a neutral rating in a report on Tuesday, April 16th. StockNews.com raised shares of General Dynamics from a buy rating to a strong-buy rating in a research note on Thursday, April 25th. Barclays raised their price objective on shares of General Dynamics from $285.00 to $310.00 and gave the company an overweight rating in a research report on Monday, April 15th. Finally, Susquehanna increased their price target on General Dynamics from $301.00 to $333.00 and gave the stock a positive rating in a research note on Friday, April 12th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $297.06.

General Dynamics Price Performance

NYSE GD opened at $287.79 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.87. General Dynamics has a 1-year low of $202.35 and a 1-year high of $296.50. The stock has a market capitalization of $78.96 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 1.77 and a beta of 0.68. The business’s fifty day moving average price is $281.23 and its 200-day moving average price is $262.41.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. The business had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.26 billion. During the same period in the previous year, the business posted $2.64 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities analysts predict that General Dynamics will post 14.57 earnings per share for the current year.

General Dynamics Increases Dividend

The firm also recently declared 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 is an increase 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 dividend yield of 1.97%. General Dynamics’s dividend payout ratio (DPR) is presently 46.33%.

Hedge Funds Weigh In On General Dynamics

Several large investors have recently modified their holdings of GD. Legend Financial Advisors Inc. lifted its stake in General Dynamics by 46.8% during the 1st quarter. Legend Financial Advisors Inc. now owns 113 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 36 shares during the period. Diversified Trust Co lifted its position in General Dynamics by 2.5% during the first quarter. Diversified Trust Co now owns 1,503 shares of the aerospace company’s stock valued at $425,000 after purchasing an additional 36 shares during the period. Fulton Bank N.A. lifted its position in General Dynamics by 1.1% during the first quarter. Fulton Bank N.A. now owns 3,299 shares of the aerospace company’s stock valued at $932,000 after purchasing an additional 37 shares during the period. Copperwynd Financial LLC grew its position in General Dynamics by 3.7% during the 4th quarter. Copperwynd Financial LLC now owns 1,056 shares of the aerospace company’s stock worth $274,000 after purchasing an additional 38 shares during the period. Finally, Woodward Diversified Capital LLC raised its stake in shares of General Dynamics by 2.3% during the 4th quarter. Woodward Diversified Capital LLC now owns 1,727 shares of the aerospace company’s stock valued at $448,000 after buying an additional 39 shares during the last quarter. Institutional investors 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.