Analysts Set General Dynamics Co. (NYSE:GD) PT at $315.06

Shares of General Dynamics Co. (NYSE:GD - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eighteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $315.06.

Several analysts have commented on GD shares. Robert W. Baird restated an "outperform" rating and issued a $345.00 price objective on shares of General Dynamics in a report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of General Dynamics in a report on Monday, July 29th. BTIG Research started coverage on shares of General Dynamics in a report on Wednesday, June 26th. They set a "buy" rating and a $345.00 target price for the company. Morgan Stanley upgraded shares of General Dynamics from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $293.00 to $345.00 in a report on Friday, August 9th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $320.00 target price on shares of General Dynamics in a report on Thursday, July 25th.

Institutional Investors Weigh In On General Dynamics

A number of large investors have recently added to or reduced their stakes in the stock. American Trust bought a new stake in General Dynamics in the 2nd quarter worth approximately $561,000. Cim LLC bought a new stake in General Dynamics in the 2nd quarter worth approximately $2,052,000. Sanctuary Advisors LLC bought a new stake in General Dynamics in the 2nd quarter worth approximately $24,147,000. Farmers National Bank grew its position in shares of General Dynamics by 0.9% during the 2nd quarter. Farmers National Bank now owns 10,182 shares of the aerospace company's stock valued at $2,954,000 after acquiring an additional 92 shares during the period. Finally, Dana Investment Advisors Inc. bought a new stake in shares of General Dynamics during the 2nd quarter valued at $4,697,000. Institutional investors own 86.14% of the company's stock.

General Dynamics Trading Down 1.2 %

Shares of NYSE GD traded down $3.70 during trading hours on Tuesday, hitting $303.85. The company's stock had a trading volume of 1,045,626 shares, compared to its average volume of 1,064,396. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.80 and a current ratio of 1.33. The stock has a market cap of $83.37 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 1.64 and a beta of 0.61. General Dynamics has a 12 month low of $214.53 and a 12 month high of $309.97. The business has a 50-day simple moving average of $293.02 and a 200-day simple moving average of $290.34.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $3.26 EPS for the quarter, missing the consensus estimate of $3.30 by ($0.04). General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The company 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. On average, analysts anticipate that General Dynamics will post 14.52 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Friday, October 11th. General Dynamics's dividend payout ratio (DPR) is presently 46.33%.

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.