General Dynamics (NYSE:GD) Price Target Cut to $306.00 by Analysts at Deutsche Bank Aktiengesellschaft

General Dynamics (NYSE:GD) had its price target trimmed by Deutsche Bank Aktiengesellschaft from $309.00 to $306.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a hold rating on the aerospace company’s stock.

A number of other equities research analysts have also recently commented on the company. Morgan Stanley raised General Dynamics from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $293.00 to $345.00 in a research note on Friday, August 9th. Sanford C. Bernstein cut their target price on General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. Barclays increased their target price on General Dynamics from $325.00 to $330.00 and gave the stock an “overweight” rating in a research note on Tuesday. Royal Bank of Canada increased their target price on General Dynamics from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Citigroup increased their target price on General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $323.69.

General Dynamics Stock Up 0.5 %

GD stock traded up $1.38 during midday trading on Friday, hitting $292.99. The stock had a trading volume of 1,355,480 shares, compared to its average volume of 1,097,395. The firm has a market cap of $80.56 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 1.80 and a beta of 0.61. The business has a 50-day moving average of $300.83 and a two-hundred day moving average of $295.03. General Dynamics has a 52-week low of $238.31 and a 52-week high of $313.11. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80.

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

General Dynamics Dividend Announcement

The company also recently announced 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 1.94%. The ex-dividend date is Friday, October 11th. General Dynamics’s dividend payout ratio is 43.26%.

Insider Transactions at General Dynamics

In other news, Director Peter A. Wall sold 1,320 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $308.05, for a total value of $406,626.00. Following the transaction, the director now owns 3,592 shares of the company’s stock, valued at $1,106,515.60. This trade 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. Corporate insiders own 1.52% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. CWC Advisors LLC. purchased a new stake in shares of General Dynamics during the third quarter worth about $771,000. Kingsview Wealth Management LLC grew its position in shares of General Dynamics by 87.6% during the first quarter. Kingsview Wealth Management LLC now owns 14,690 shares of the aerospace company’s stock worth $4,150,000 after purchasing an additional 6,858 shares in the last quarter. Clearbridge Investments LLC purchased a new position in General Dynamics during the 1st quarter valued at approximately $493,000. Peak Financial Advisors LLC purchased a new position in General Dynamics during the 3rd quarter valued at approximately $3,022,000. Finally, Cetera Investment Advisers grew its holdings in General Dynamics by 291.4% during the 1st quarter. Cetera Investment Advisers now owns 96,539 shares of the aerospace company’s stock valued at $27,271,000 after buying an additional 71,871 shares in the last quarter. Institutional investors 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.