General Dynamics (NYSE:GD) Sets New 12-Month High at $307.22

General Dynamics Co. (NYSE:GD - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $307.22 and last traded at $307.22, with a volume of 2310 shares changing hands. The stock had previously closed at $304.80.

Analysts Set New Price Targets

GD has been the topic of a number of recent analyst reports. Robert W. Baird reissued an "outperform" rating and issued a $345.00 price objective on shares of General Dynamics in a research report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of General Dynamics in a research note on Monday, July 29th. Morgan Stanley raised General Dynamics from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $293.00 to $345.00 in a research report on Friday, August 9th. Barclays increased their price objective on General Dynamics from $310.00 to $325.00 and gave the company an "overweight" rating in a report on Tuesday, July 30th. Finally, Wells Fargo & Company boosted their target price on General Dynamics from $330.00 to $334.00 and gave the stock an "overweight" rating in a research note on Thursday, July 25th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, General Dynamics currently has a consensus rating of "Moderate Buy" and an average target price of $315.06.

General Dynamics Stock Up 0.9 %

The company has a market capitalization of $84.38 billion, a PE ratio of 25.09, a P/E/G ratio of 1.64 and a beta of 0.61. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.33. The firm has a 50 day simple moving average of $293.02 and a two-hundred day simple moving average of $290.34.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share for the quarter, missing analysts' consensus estimates of $3.30 by ($0.04). General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The firm had revenue of $11.98 billion during the quarter, compared to analysts' expectations of $11.46 billion. During the same quarter last year, the business earned $2.70 earnings per share. The business's quarterly revenue was up 18.0% on a year-over-year basis. Research analysts expect that General Dynamics Co. will post 14.52 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Friday, October 11th. General Dynamics's dividend payout ratio is presently 46.33%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GD. Richardson Financial Services Inc. purchased a new position in General Dynamics in the fourth quarter valued at about $25,000. Redmont Wealth Advisors LLC purchased a new stake in General Dynamics during the first quarter worth $25,000. Financial Synergies Wealth Advisors Inc. acquired a new stake in General Dynamics in the first quarter valued at $29,000. New Covenant Trust Company N.A. purchased a new position in shares of General Dynamics in the first quarter valued at $29,000. Finally, American Capital Advisory LLC acquired a new position in shares of General Dynamics during the 2nd quarter worth $29,000. Institutional investors and hedge funds 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.