General Dynamics (NYSE:GD) Given New $365.00 Price Target at Susquehanna

General Dynamics (NYSE:GD - Free Report) had its price target boosted by Susquehanna from $315.00 to $365.00 in a report published on Thursday,Benzinga reports. They currently have a positive rating on the aerospace company's stock.

Other analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft upgraded shares of General Dynamics from a "hold" rating to a "buy" rating and boosted their target price for the stock from $298.00 to $342.00 in a report on Tuesday, July 8th. Morgan Stanley dropped their target price on shares of General Dynamics from $305.00 to $300.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. lifted their target price on shares of General Dynamics from $284.00 to $345.00 and gave the stock an "overweight" rating in a research report on Thursday. Cowen reaffirmed a "buy" rating on shares of General Dynamics in a research report on Wednesday, June 25th. Finally, UBS Group lifted their target price on shares of General Dynamics from $268.00 to $279.00 and gave the company a "neutral" rating in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $312.17.

General Dynamics Price Performance

Shares of GD stock traded down $0.33 during midday trading on Thursday, reaching $313.92. 1,218,137 shares of the company were exchanged, compared to its average volume of 1,276,632. General Dynamics has a 12 month low of $239.20 and a 12 month high of $322.50. The company has a market cap of $84.44 billion, a P/E ratio of 21.07, a PEG ratio of 2.06 and a beta of 0.46. The company's 50 day moving average price is $287.67 and its two-hundred day moving average price is $272.23. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.82 and a current ratio of 1.36.

General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, topping analysts' consensus estimates of $3.47 by $0.27. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The company had revenue of $13.04 billion for the quarter, compared to the consensus estimate of $12.13 billion. During the same period in the previous year, the firm earned $3.26 EPS. General Dynamics's revenue was up 8.9% on a year-over-year basis. On average, sell-side analysts expect that General Dynamics will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 3rd will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Thursday, July 3rd. General Dynamics's dividend payout ratio (DPR) is presently 40.27%.

Insider Transactions at General Dynamics

In other news, CEO Phebe N. Novakovic sold 7,639 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $280.44, for a total value of $2,142,281.16. Following the sale, the chief executive officer owned 769,607 shares of the company's stock, valued at approximately $215,828,587.08. This represents a 0.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On General Dynamics

Several large investors have recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in General Dynamics by 16.9% during the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company's stock worth $760,000 after acquiring an additional 417 shares during the last quarter. American Century Companies Inc. grew its holdings in General Dynamics by 9.5% during the 4th quarter. American Century Companies Inc. now owns 15,316 shares of the aerospace company's stock worth $4,036,000 after acquiring an additional 1,327 shares during the last quarter. Modern Wealth Management LLC lifted its position in General Dynamics by 22.4% during the 4th quarter. Modern Wealth Management LLC now owns 2,684 shares of the aerospace company's stock valued at $688,000 after purchasing an additional 491 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its position in General Dynamics by 2.1% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,314 shares of the aerospace company's stock valued at $2,191,000 after purchasing an additional 172 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new position in General Dynamics during the 4th quarter valued at about $78,000. 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.