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General Dynamics (NYSE:GD) reached a new 52-week high during mid-day trading on Wednesday , American Banking News reports. The company traded as high as $123.46 and last traded at $123.30, with a volume of 549,992 shares trading hands. The stock had previously closed at $121.81.

GD has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of General Dynamics from $119.00 to $122.00 in a research note on Monday, August 11th. They now have an “equal weight” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of General Dynamics in a research note on Thursday, July 24th. They now have a $136.00 price target on the stock, up previously from $121.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of General Dynamics in a research note on Thursday, July 24th. They now have a $130.00 price target on the stock, up previously from $126.00. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. General Dynamics currently has a consensus rating of “Buy” and a consensus price target of $124.87.

The stock’s 50-day moving average is $117.7 and its 200-day moving average is $112.7. The company has a market cap of $41.554 billion and a price-to-earnings ratio of 18.67.

General Dynamics (NYSE:GD) last released its earnings data on Wednesday, July 23rd. The company reported $1.88 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.77 by $0.11. The company had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter last year, the company posted $1.81 earnings per share. General Dynamics’s revenue was down 4.6% compared to the same quarter last year. On average, analysts predict that General Dynamics will post $7.55 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, November 14th. Investors of record on Friday, October 10th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Wednesday, October 8th.

General Dynamics Corporation is an aerospace and defense company that offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; military and commercial shipbuilding, and communications and information technology.

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