UBS Group initiated coverage on shares of General Dynamics (NYSE:GD) in a report issued on Wednesday, www.benzinga.com reports. The firm issued a neutral rating and a $210.00 price target on the aerospace company’s stock.

A number of other analysts have also recently commented on the stock. Credit Suisse Group upped their price target on shares of General Dynamics from $262.00 to $263.00 and gave the company an outperform rating in a research note on Thursday, April 26th. ValuEngine upgraded shares of General Dynamics from a sell rating to a hold rating in a research note on Saturday, July 28th. Stifel Nicolaus upped their price target on shares of General Dynamics from $220.00 to $230.00 and gave the company a hold rating in a research note on Thursday, April 26th. JPMorgan Chase & Co. restated an underweight rating and set a $225.00 price target on shares of General Dynamics in a research note on Thursday, June 14th. Finally, Bank of America set a $275.00 price target on shares of General Dynamics and gave the company a buy rating in a research note on Tuesday, July 31st. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $239.39.

Shares of GD stock traded up $1.24 during trading on Wednesday, reaching $193.68. 808,145 shares of the company’s stock traded hands, compared to its average volume of 1,601,260. The stock has a market capitalization of $56.97 billion, a P/E ratio of 19.47, a PEG ratio of 1.54 and a beta of 0.83. The company has a current ratio of 1.20, a quick ratio of 0.84 and a debt-to-equity ratio of 0.95. General Dynamics has a 1 year low of $184.21 and a 1 year high of $230.00.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 25th. The aerospace company reported $2.82 EPS for the quarter, beating the Zacks’ consensus estimate of $2.49 by $0.33. The company had revenue of $9.19 billion for the quarter, compared to analysts’ expectations of $9.09 billion. General Dynamics had a net margin of 9.16% and a return on equity of 27.06%. General Dynamics’s revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.45 EPS. equities analysts predict that General Dynamics will post 11.18 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Friday, October 5th will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Thursday, October 4th. General Dynamics’s dividend payout ratio is presently 37.39%.

In other General Dynamics news, insider John Patrick Casey sold 22,500 shares of the stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $191.99, for a total value of $4,319,775.00. Following the sale, the insider now directly owns 118,555 shares in the company, valued at approximately $22,761,374.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Daiwa Securities Group Inc. raised its position in shares of General Dynamics by 29.2% during the 1st quarter. Daiwa Securities Group Inc. now owns 17,171 shares of the aerospace company’s stock valued at $3,793,000 after buying an additional 3,885 shares in the last quarter. Weybosset Research & Management LLC raised its position in shares of General Dynamics by 0.8% during the 1st quarter. Weybosset Research & Management LLC now owns 40,162 shares of the aerospace company’s stock valued at $8,872,000 after buying an additional 335 shares in the last quarter. Dupont Capital Management Corp raised its position in shares of General Dynamics by 1.9% during the 1st quarter. Dupont Capital Management Corp now owns 77,220 shares of the aerospace company’s stock valued at $17,058,000 after buying an additional 1,447 shares in the last quarter. Fulton Bank N.A. raised its position in shares of General Dynamics by 21.9% during the 1st quarter. Fulton Bank N.A. now owns 1,574 shares of the aerospace company’s stock valued at $347,000 after buying an additional 283 shares in the last quarter. Finally, Dean Capital Investments Management LLC purchased a new stake in shares of General Dynamics during the 1st quarter valued at $298,000. Institutional investors and hedge funds own 85.38% of the company’s stock.

General Dynamics Company Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.

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Analyst Recommendations for General Dynamics (NYSE:GD)

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