General Dynamics (NYSE:GD) Given New $300.00 Price Target at Susquehanna

General Dynamics (NYSE:GD) had its target price cut by Susquehanna from $315.00 to $300.00 in a research report released on Thursday morning,Benzinga reports. They currently have a positive rating on the aerospace company’s stock.

GD has been the topic of several other research reports. Wells Fargo & Company dropped their target price on shares of General Dynamics from $279.00 to $276.00 and set an “equal weight” rating on the stock in a research report on Thursday. Royal Bank of Canada cut General Dynamics from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $330.00 to $290.00 in a report on Thursday, December 19th. Citigroup lifted their price objective on General Dynamics from $354.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. UBS Group cut their target price on General Dynamics from $337.00 to $281.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of General Dynamics from $303.00 to $295.00 and set a “hold” rating for the company in a report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $301.24.

General Dynamics Stock Up 2.2 %

General Dynamics stock opened at $256.93 on Thursday. The business’s 50-day simple moving average is $268.00 and its two-hundred day simple moving average is $287.23. 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 company has a market cap of $70.65 billion, a PE ratio of 18.84, a PEG ratio of 1.34 and a beta of 0.61. General Dynamics has a fifty-two week low of $247.01 and a fifty-two week high of $316.90.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a return on equity of 17.08% and a net margin of 7.93%. Equities analysts anticipate that General Dynamics will post 15.92 EPS for the current year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Friday, January 17th. General Dynamics’s dividend payout ratio is currently 41.64%.

General Dynamics declared that its Board of Directors has approved a share repurchase program on Wednesday, December 4th that permits the company to buyback 10,000,000 shares. This buyback authorization permits the aerospace company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Activity at General Dynamics

In other news, VP Christopher J. Brady sold 5,540 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $280.91, for a total value of $1,556,241.40. Following the completion of the sale, the vice president now directly owns 20,296 shares of the company’s stock, valued at approximately $5,701,349.36. The trade was a 21.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.52% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GD. International Assets Investment Management LLC lifted its position in General Dynamics by 40,389.3% in the third quarter. International Assets Investment Management LLC now owns 1,379,472 shares of the aerospace company’s stock valued at $416,876,000 after purchasing an additional 1,376,065 shares during the period. State Street Corp lifted its position in shares of General Dynamics by 9.4% during the 3rd quarter. State Street Corp now owns 10,945,110 shares of the aerospace company’s stock valued at $3,307,612,000 after acquiring an additional 943,247 shares during the period. Geode Capital Management LLC grew its stake in General Dynamics by 13.0% in the 3rd quarter. Geode Capital Management LLC now owns 5,557,404 shares of the aerospace company’s stock valued at $1,674,998,000 after acquiring an additional 638,342 shares during the last quarter. Two Sigma Advisers LP raised its position in shares of General Dynamics by 117.0% during the 3rd quarter. Two Sigma Advisers LP now owns 858,600 shares of the aerospace company’s stock worth $259,469,000 after purchasing an additional 463,000 shares during the last quarter. Finally, Barclays PLC increased its position in General Dynamics by 43.1% during the third quarter. Barclays PLC now owns 942,485 shares of the aerospace company’s stock worth $284,818,000 after buying an additional 283,972 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

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.