Shares of General Dynamics Corporation (NYSE:GD) have received an average recommendation of “Hold” from the eighteen research firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $217.27.

A number of analysts have recently commented on the stock. Zacks Investment Research lowered shares of General Dynamics from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Citigroup reiterated a “neutral” rating and issued a $215.00 price target (up from $210.00) on shares of General Dynamics in a research note on Monday, October 9th. ValuEngine lowered shares of General Dynamics from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Cowen reiterated a “buy” rating and issued a $230.00 price target on shares of General Dynamics in a research note on Thursday, October 19th. Finally, Jefferies Group reiterated a “buy” rating and issued a $236.00 price target on shares of General Dynamics in a research note on Thursday, October 26th.

In other General Dynamics news, VP Gregory S. Gallopoulos sold 78,370 shares of General Dynamics stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $202.93, for a total transaction of $15,903,624.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John Patrick Casey sold 34,945 shares of General Dynamics stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $201.38, for a total transaction of $7,037,224.10. Following the transaction, the insider now directly owns 144,378 shares in the company, valued at approximately $29,074,841.64. The disclosure for this sale can be found here. Company insiders own 6.70% of the company’s stock.

A number of large investors have recently modified their holdings of GD. WFG Advisors LP lifted its holdings in shares of General Dynamics by 0.3% in the second quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock worth $132,000 after buying an additional 2 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in shares of General Dynamics by 0.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 992 shares of the aerospace company’s stock worth $198,000 after buying an additional 5 shares in the last quarter. Connecticut Wealth Management LLC increased its position in General Dynamics by 0.6% in the second quarter. Connecticut Wealth Management LLC now owns 2,086 shares of the aerospace company’s stock worth $419,000 after purchasing an additional 12 shares during the last quarter. Pathstone Family Office LLC increased its position in General Dynamics by 100.0% in the second quarter. Pathstone Family Office LLC now owns 24 shares of the aerospace company’s stock worth $4,754,000 after purchasing an additional 12 shares during the last quarter. Finally, Comerica Securities Inc. increased its position in General Dynamics by 0.6% in the second quarter. Comerica Securities Inc. now owns 2,350 shares of the aerospace company’s stock worth $465,000 after purchasing an additional 15 shares during the last quarter. 86.87% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics (NYSE:GD) traded up $0.45 during trading hours on Friday, reaching $196.63. 1,417,505 shares of the company’s stock were exchanged, compared to its average volume of 1,153,749. The company has a market cap of $58,710.00, a price-to-earnings ratio of 19.83, a P/E/G ratio of 2.39 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.93 and a current ratio of 1.37. General Dynamics has a 1-year low of $171.65 and a 1-year high of $214.81.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. The business had revenue of $7.58 billion during the quarter, compared to analyst estimates of $7.94 billion. General Dynamics had a net margin of 9.94% and a return on equity of 27.98%. General Dynamics’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the business earned $2.36 EPS. sell-side analysts anticipate that General Dynamics will post 9.81 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 19th will be issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Thursday, January 18th. General Dynamics’s payout ratio is 33.37%.

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General Dynamics Company Profile

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

Analyst Recommendations for General Dynamics (NYSE:GD)

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