General Dynamics Given Consensus Recommendation of “Buy” by Analysts (NYSE:GD)
General Dynamics (NYSE:GD) has received a consensus recommendation of “Buy” from the eighteen ratings firms that are currently covering the stock, Analyst Ratings Network.com reports. Six analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $124.87.
In other General Dynamics news, EVP David K. Heebner sold 47,500 shares of General Dynamics stock on the open market in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $123.26, for a total transaction of $5,854,850.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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.
General Dynamics (NYSE:GD) opened at 123.85 on Wednesday. General Dynamics has a one year low of $82.23 and a one year high of $124.38. The stock’s 50-day moving average is $118.3 and its 200-day moving average is $113.1. The company has a market cap of $41.699 billion and a price-to-earnings ratio of 18.95.
General Dynamics (NYSE:GD) last released its earnings data on Wednesday, July 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.81 earnings per share. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. 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. Stockholders 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 2.00%. 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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