General Dynamics (NYSE:GD) PT Lowered to $314.00 at Deutsche Bank Aktiengesellschaft

General Dynamics (NYSE:GD) had its price objective lowered by Deutsche Bank Aktiengesellschaft from $320.00 to $314.00 in a research report released on Thursday morning, Benzinga reports. The brokerage currently has a hold rating on the aerospace company’s stock.

Several other brokerages have also recently issued reports on GD. Royal Bank of Canada reissued an outperform rating and issued a $320.00 price objective on shares of General Dynamics in a report on Thursday, July 25th. Barclays upped their price objective on General Dynamics from $310.00 to $325.00 and gave the stock an overweight rating in a research report on Tuesday, July 30th. BTIG Research began 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. Robert W. Baird reissued an outperform rating and set a $345.00 price target on shares of General Dynamics in a report on Tuesday, July 2nd. Finally, Wells Fargo & Company cut shares of General Dynamics from an overweight rating to an equal weight rating and cut their price objective for the company from $334.00 to $317.00 in a report on Tuesday, October 1st. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $317.06.

General Dynamics Price Performance

Shares of NYSE GD opened at $300.66 on Thursday. General Dynamics has a 52 week low of $214.53 and a 52 week high of $309.97. The business’s 50 day moving average price is $297.27 and its 200 day moving average price is $293.09. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.33. The firm has a market cap of $82.49 billion, a P/E ratio of 24.52, a P/E/G ratio of 1.68 and a beta of 0.61.

General Dynamics (NYSE:GD) last released 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 net margin of 7.89% and a return on equity of 16.74%. The business had revenue of $11.98 billion during the quarter, compared to analysts’ expectations of $11.46 billion. During the same period last year, the company earned $2.70 earnings per share. The firm’s revenue was up 18.0% on a year-over-year basis. On average, sell-side analysts expect that General Dynamics will post 14.52 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 11th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Friday, October 11th. General Dynamics’s payout ratio is 46.33%.

Insider Activity at General Dynamics

In other news, Director Peter A. Wall sold 1,320 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $308.05, for a total transaction of $406,626.00. Following the completion of the sale, the director now owns 3,592 shares of the company’s stock, valued at $1,106,515.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.52% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On General Dynamics

Institutional investors have recently bought and sold shares of the company. Redmont Wealth Advisors LLC purchased a new stake in shares of General Dynamics during the 1st quarter valued at approximately $25,000. Richardson Financial Services Inc. purchased a new stake in General Dynamics in the fourth quarter valued at $25,000. American Capital Advisory LLC acquired a new position in shares of General Dynamics in the 2nd quarter valued at $29,000. Lowe Wealth Advisors LLC purchased a new position in shares of General Dynamics during the 3rd quarter worth $30,000. Finally, Financial Synergies Wealth Advisors Inc. acquired a new stake in shares of General Dynamics during the 1st quarter worth about $29,000. 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.