BidaskClub upgraded shares of General Dynamics Corporation (NYSE:GD) from a buy rating to a strong-buy rating in a research report released on Tuesday morning.

Other analysts have also issued reports about the company. Jefferies Group LLC restated a buy rating and issued a $200.00 target price on shares of General Dynamics Corporation in a research note on Tuesday, April 18th. ValuEngine upgraded General Dynamics Corporation from a hold rating to a buy rating in a research note on Friday, June 2nd. Royal Bank Of Canada restated a buy rating and issued a $220.00 target price on shares of General Dynamics Corporation in a research note on Friday, June 2nd. UBS AG restated a buy rating and issued a $225.00 target price (up from $215.00) on shares of General Dynamics Corporation in a research note on Monday, June 12th. Finally, Zacks Investment Research upgraded General Dynamics Corporation from a hold rating to a buy rating and set a $224.00 target price on the stock in a research note on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $204.72.

Shares of General Dynamics Corporation (NYSE:GD) traded up 2.12% on Tuesday, reaching $197.94. The company’s stock had a trading volume of 1,785,838 shares. The stock has a market cap of $59.34 billion, a P/E ratio of 19.56 and a beta of 0.72. General Dynamics Corporation has a 52-week low of $146.82 and a 52-week high of $205.90. The firm’s 50 day moving average is $200.69 and its 200-day moving average is $192.30.

General Dynamics Corporation (NYSE:GD) last issued its earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.43 by $0.02. The firm had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.76 billion. General Dynamics Corporation had a return on equity of 28.17% and a net margin of 9.63%. The business’s revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.30 earnings per share. On average, equities research analysts forecast that General Dynamics Corporation will post $9.80 EPS for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Friday, July 7th will be given a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Wednesday, July 5th. General Dynamics Corporation’s dividend payout ratio (DPR) is presently 34.57%.

In related news, Director Lester L. Lyles sold 2,551 shares of the business’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $196.01, for a total transaction of $500,021.51. Following the completion of the transaction, the director now directly owns 7,336 shares in the company, valued at $1,437,929.36. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Christopher Marzilli sold 43,890 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $201.37, for a total value of $8,838,129.30. Following the transaction, the vice president now owns 107,857 shares of the company’s stock, valued at $21,719,164.09. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in General Dynamics Corporation by 2,645.5% in the first quarter. BlackRock Inc. now owns 15,509,344 shares of the aerospace company’s stock valued at $2,903,351,000 after buying an additional 14,944,453 shares during the last quarter. Vanguard Group Inc. boosted its position in General Dynamics Corporation by 4.7% in the first quarter. Vanguard Group Inc. now owns 19,799,817 shares of the aerospace company’s stock valued at $3,706,525,000 after buying an additional 894,177 shares during the last quarter. Janus Capital Management LLC boosted its position in General Dynamics Corporation by 22.1% in the first quarter. Janus Capital Management LLC now owns 4,148,390 shares of the aerospace company’s stock valued at $776,563,000 after buying an additional 749,793 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in General Dynamics Corporation by 59.6% in the first quarter. TIAA CREF Investment Management LLC now owns 1,809,357 shares of the aerospace company’s stock valued at $338,712,000 after buying an additional 675,324 shares during the last quarter. Finally, ProShare Advisors LLC boosted its position in General Dynamics Corporation by 1,130.7% in the first quarter. ProShare Advisors LLC now owns 336,112 shares of the aerospace company’s stock valued at $62,920,000 after buying an additional 308,802 shares during the last quarter. Institutional investors and hedge funds own 86.80% of the company’s stock.

About General Dynamics Corporation

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 Corporation (NYSE:GD)

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