General Dynamics (NYSE:GD) PT Raised to $333.00 at Susquehanna

General Dynamics (NYSE:GD - Free Report) had its price target raised by Susquehanna from $301.00 to $333.00 in a report issued on Friday, Benzinga reports. They currently have a positive rating on the aerospace company's stock.

Several other analysts have also recently commented on GD. Wells Fargo & Company boosted their price target on General Dynamics from $291.00 to $322.00 and gave the stock an overweight rating in a research report on Thursday, April 4th. Citigroup boosted their price target on General Dynamics from $283.00 to $300.00 and gave the stock a buy rating in a research report on Thursday, January 25th. UBS Group boosted their price target on General Dynamics from $286.00 to $296.00 and gave the stock a neutral rating in a research report on Monday, January 29th. Royal Bank of Canada upped their target price on General Dynamics from $300.00 to $325.00 and gave the company an outperform rating in a report on Tuesday, April 2nd. Finally, Alembic Global Advisors cut General Dynamics from an overweight rating to a neutral rating and set a $296.00 target price for the company. in a report on Monday, January 29th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $281.77.

General Dynamics Price Performance

Shares of General Dynamics stock traded up $0.31 on Friday, reaching $287.81. The company's stock had a trading volume of 1,280,348 shares, compared to its average volume of 1,076,720. The company has a market capitalization of $78.97 billion, a P/E ratio of 23.92, a PEG ratio of 1.84 and a beta of 0.68. General Dynamics has a 52-week low of $202.35 and a 52-week high of $296.50. The stock has a 50-day moving average price of $276.88 and a 200-day moving average price of $256.77. The company has a quick ratio of 0.92, a current ratio of 1.44 and a debt-to-equity ratio of 0.41.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $3.64 EPS for the quarter, missing analysts' consensus estimates of $3.68 by ($0.04). The business had revenue of $11.67 billion during the quarter, compared to analysts' expectations of $11.39 billion. General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned $3.58 earnings per share. Analysts expect that General Dynamics will post 14.57 EPS for the current year.

General Dynamics Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Thursday, April 11th. This is a positive change from General Dynamics's previous quarterly dividend of $1.32. General Dynamics's dividend payout ratio is 43.93%.

Insider Activity

In other news, EVP Mark C. Roualet sold 73,330 shares of the company's stock in a transaction on Friday, January 26th. The stock was sold at an average price of $264.75, for a total value of $19,414,117.50. Following the transaction, the executive vice president now owns 149,205 shares of the company's stock, valued at approximately $39,502,023.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the transaction, the chief executive officer now owns 773,977 shares of the company's stock, valued at approximately $204,569,860.87. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $264.75, for a total value of $19,414,117.50. Following the transaction, the executive vice president now directly owns 149,205 shares in the company, valued at approximately $39,502,023.75. The disclosure for this sale can be found here. Corporate insiders own 1.52% of the company's stock.

Hedge Funds Weigh In On General Dynamics

Several hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. increased its holdings in General Dynamics by 99.3% during the 4th quarter. Pacer Advisors Inc. now owns 29,045 shares of the aerospace company's stock worth $7,542,000 after purchasing an additional 14,468 shares during the period. Caisse DE Depot ET Placement DU Quebec purchased a new stake in General Dynamics during the 3rd quarter worth about $16,077,000. Moreno Evelyn V increased its holdings in General Dynamics by 17.1% during the 3rd quarter. Moreno Evelyn V now owns 27,310 shares of the aerospace company's stock worth $6,035,000 after purchasing an additional 3,991 shares during the period. Clough Capital Partners L P purchased a new stake in General Dynamics during the 3rd quarter worth about $26,868,000. Finally, Victory Capital Management Inc. increased its holdings in General Dynamics by 57.7% during the 3rd quarter. Victory Capital Management Inc. now owns 326,121 shares of the aerospace company's stock worth $72,063,000 after purchasing an additional 119,264 shares during the period. Institutional investors and hedge funds own 86.14% of the company's stock.

About General Dynamics

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.