General Dynamics (NYSE:GD) Given New $330.00 Price Target at Barclays

General Dynamics (NYSE:GD) had its price target boosted by Barclays from $325.00 to $330.00 in a research note published on Tuesday, Benzinga reports. They currently have an overweight rating on the aerospace company’s stock.

GD has been the topic of several other reports. Wells Fargo & Company increased their target price on shares of General Dynamics from $317.00 to $322.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Seaport Res Ptn downgraded shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Citigroup boosted their price objective on shares of General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Robert W. Baird reaffirmed an “outperform” rating and set a $345.00 target price on shares of General Dynamics in a research report on Tuesday, July 2nd. Finally, Susquehanna boosted their price target on General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a research report on Thursday, October 17th. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.69.

General Dynamics Stock Performance

Shares of NYSE:GD opened at $292.99 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32. The firm has a market cap of $80.56 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 1.80 and a beta of 0.61. The firm’s 50 day simple moving average is $300.83 and its 200-day simple moving average is $295.03. General Dynamics has a one year low of $238.31 and a one year high of $313.11.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.13). General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The firm had revenue of $11.67 billion for the quarter, compared to analysts’ expectations of $11.65 billion. During the same quarter in the previous year, the business earned $3.04 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, equities analysts predict that General Dynamics will post 13.97 EPS for the current year.

General Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be paid a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $5.68 dividend on an annualized basis and a yield of 1.94%. General Dynamics’s payout ratio is 43.26%.

Insider Transactions at General Dynamics

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $308.05, for a total transaction of $406,626.00. Following the sale, the director now owns 3,592 shares in the company, valued at approximately $1,106,515.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.52% of the company’s stock.

Hedge Funds Weigh In On General Dynamics

A number of institutional investors have recently bought and sold shares of GD. Diversified Trust Co lifted its position in General Dynamics by 2.5% during the first quarter. Diversified Trust Co now owns 1,503 shares of the aerospace company’s stock valued at $425,000 after purchasing an additional 36 shares during the period. Miracle Mile Advisors LLC boosted its stake in shares of General Dynamics by 3.7% in the first quarter. Miracle Mile Advisors LLC now owns 1,979 shares of the aerospace company’s stock worth $559,000 after buying an additional 71 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in General Dynamics by 0.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 615,575 shares of the aerospace company’s stock worth $173,894,000 after acquiring an additional 3,370 shares during the period. Redmont Wealth Advisors LLC purchased a new position in General Dynamics during the first quarter valued at approximately $25,000. Finally, Cornerstone Wealth Management LLC lifted its holdings in General Dynamics by 16.8% in the first quarter. Cornerstone Wealth Management LLC now owns 5,393 shares of the aerospace company’s stock valued at $1,524,000 after acquiring an additional 777 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

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.