Deutsche Bank Aktiengesellschaft Reaffirms “Hold” Rating for General Dynamics (NYSE:GD)

Deutsche Bank Aktiengesellschaft reissued their hold rating on shares of General Dynamics (NYSE:GD) in a report released on Monday morning, MarketBeat.com reports.

Other research analysts have also recently issued research reports about the stock. Barclays upped their price target on shares of General Dynamics from $285.00 to $310.00 and gave the company an overweight rating in a report on Monday, April 15th. Sanford C. Bernstein increased their target price on General Dynamics from $290.00 to $302.00 and gave the stock a market perform rating in a report on Thursday, May 23rd. Susquehanna lifted their price target on General Dynamics from $301.00 to $333.00 and gave the company a positive rating in a research note on Friday, April 12th. JPMorgan Chase & Co. upped their price objective on General Dynamics from $280.00 to $298.00 and gave the stock an overweight rating in a research report on Thursday, April 25th. Finally, Citigroup lifted their target price on General Dynamics from $300.00 to $320.00 and gave the company a buy rating in a research report on Thursday, April 25th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $312.17.

General Dynamics Trading Down 1.8 %

Shares of NYSE GD opened at $293.43 on Monday. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.33. General Dynamics has a twelve month low of $214.53 and a twelve month high of $302.75. The company’s fifty day moving average is $292.30 and its 200-day moving average is $283.32. The stock has a market cap of $80.63 billion, a price-to-earnings ratio of 23.93, a P/E/G ratio of 1.68 and a beta of 0.60.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.30 by ($0.04). The business had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.46 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The firm’s revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.70 earnings per share. Equities research analysts predict that General Dynamics will post 14.5 EPS for the current year.

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 5th will be given a $1.42 dividend. The ex-dividend date is Friday, July 5th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.94%. General Dynamics’s payout ratio is 46.33%.

Insider Transactions at General Dynamics

In other General Dynamics news, VP William A. Moss sold 21,050 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $294.85, for a total value of $6,206,592.50. Following the transaction, the vice president now directly owns 16,624 shares in the company, valued at $4,901,586.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other General Dynamics news, VP Mark Lagrand Burns sold 6,016 shares of General Dynamics stock in a transaction on Friday, May 10th. The stock was sold at an average price of $296.58, for a total value of $1,784,225.28. Following the completion of the transaction, the vice president now directly owns 76,221 shares of the company’s stock, valued at approximately $22,605,624.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP William A. Moss sold 21,050 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $294.85, for a total transaction of $6,206,592.50. Following the sale, the vice president now directly owns 16,624 shares of the company’s stock, valued at approximately $4,901,586.40. The disclosure for this sale can be found here. In the last three months, insiders sold 52,499 shares of company stock worth $15,554,941. 1.52% of the stock is owned by company insiders.

Institutional Investors Weigh In On General Dynamics

Hedge funds have recently made changes to their positions in the stock. MeadowBrook Investment Advisors LLC bought a new stake in shares of General Dynamics during the fourth quarter worth about $25,000. Richardson Financial Services Inc. acquired a new position in General Dynamics in the 4th quarter valued at approximately $25,000. Redmont Wealth Advisors LLC bought a new position in shares of General Dynamics during the first quarter valued at $25,000. Financial Synergies Wealth Advisors Inc. acquired a new position in shares of General Dynamics during the first quarter worth $29,000. Finally, New Covenant Trust Company N.A. bought a new stake in shares of General Dynamics in the first quarter worth $29,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

About General Dynamics

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.