General Dynamics Corporation (NYSE:GD) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Sunday.

GD has been the topic of a number of other reports. Jefferies Group LLC reissued a “buy” rating and issued a $200.00 price objective on shares of General Dynamics Corporation in a research note on Tuesday, April 18th. ValuEngine raised General Dynamics Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Royal Bank Of Canada reissued a “buy” rating and issued a $220.00 price objective on shares of General Dynamics Corporation in a research note on Friday, June 2nd. UBS AG reaffirmed a “buy” rating and issued a $225.00 target price (up from $215.00) on shares of General Dynamics Corporation in a research report on Monday, June 12th. Finally, Zacks Investment Research raised General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $224.00 target price for the company in a research report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $204.52.

General Dynamics Corporation (GD) traded up 0.50% during midday trading on Friday, reaching $201.15. The company had a trading volume of 1,032,699 shares. General Dynamics Corporation has a 12-month low of $140.87 and a 12-month high of $205.17. The stock has a 50-day moving average price of $199.65 and a 200 day moving average price of $188.69. The company has a market capitalization of $60.70 billion, a PE ratio of 20.17 and a beta of 0.72.

General Dynamics Corporation (NYSE:GD) last announced its earnings results on Wednesday, April 26th. The aerospace company reported $2.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.16. The firm had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.70 billion. General Dynamics Corporation had a return on equity of 28.22% and a net margin of 9.66%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.08 EPS. Equities analysts forecast that General Dynamics Corporation will post $9.81 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Friday, July 7th will be issued a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Wednesday, July 5th. General Dynamics Corporation’s dividend payout ratio is presently 34.60%.

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In other news, Director Lester L. Lyles sold 2,551 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $196.01, for a total value of $500,021.51. Following the completion of the transaction, the director now directly owns 7,336 shares of the company’s stock, valued at $1,437,929.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Christopher Marzilli sold 43,890 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $201.37, for a total value of $8,838,129.30. Following the completion of the transaction, the vice president now directly owns 107,857 shares of the company’s stock, valued at $21,719,164.09. The disclosure for this sale can be found here. Corporate insiders own 6.70% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Franklin Street Advisors Inc. NC raised its position in General Dynamics Corporation by 1.2% in the first quarter. Franklin Street Advisors Inc. NC now owns 6,010 shares of the aerospace company’s stock valued at $1,125,000 after buying an additional 70 shares in the last quarter. Park National Corp OH increased its position in General Dynamics Corporation by 34.0% in the first quarter. Park National Corp OH now owns 39,859 shares of the aerospace company’s stock valued at $7,461,000 after buying an additional 10,110 shares during the last quarter. Beacon Financial Group increased its position in General Dynamics Corporation by 10.4% in the first quarter. Beacon Financial Group now owns 8,143 shares of the aerospace company’s stock valued at $1,537,000 after buying an additional 766 shares during the last quarter. Macquarie Group Ltd. increased its position in General Dynamics Corporation by 117.9% in the fourth quarter. Macquarie Group Ltd. now owns 18,300 shares of the aerospace company’s stock valued at $3,160,000 after buying an additional 9,900 shares during the last quarter. Finally, Highbridge Capital Management LLC increased its position in General Dynamics Corporation by 492.0% in the fourth quarter. Highbridge Capital Management LLC now owns 8,233 shares of the aerospace company’s stock valued at $1,421,000 after buying an additional 10,333 shares during the last quarter. 86.82% of the stock is owned by institutional investors.

About General Dynamics Corporation

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

Analyst Recommendations for General Dynamics Corporation (NYSE:GD)

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