5 hours Ago By Defense World Staff
General Dynamics ( NYSE:GD – Free Report ) had its target price cut by Wells Fargo & Company from $279.00 to $276.00 in a report issued on Thursday morning, Benzinga reports.
They currently have an equal weight rating on the aerospace company’s stock. Several other analysts have also recently weighed in on the company. Seaport Res Ptn cut General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th.
TD Cowen decreased their price target on General Dynamics from $315.00 to $295.00 in a research report on Tuesday, January 28th.
Baird R W lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Robert W. Baird reiterated a “neutral” rating and set a $283.
00 price objective (down from $345.00) on shares of General Dynamics in a research report on Tuesday, January 14th. Finally, The Goldman Sachs Group lowered their target price on General Dynamics from $245.
00 to $241.00 and set a “sell” rating for the company in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company.
According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $301.24.
View Our Latest Report on General Dynamics General Dynamics Price Performance General Dynamics ( NYSE:GD – Get Free Report ) last issued its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.
29 by ($0.14). General Dynamics had a net margin of 7.
93% and a return on equity of 17.08%. As a group, sell-side analysts forecast that General Dynamics will post 15.
92 EPS for the current fiscal year. General Dynamics Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 17th will be issued a dividend of $1.
42 per share. This represents a $5.68 annualized dividend and a yield of 2.
21%. The ex-dividend date is Friday, January 17th. General Dynamics’s dividend payout ratio (DPR) is presently 41.
64%. General Dynamics declared that its board has authorized a stock buyback program on Wednesday, December 4th that allows the company to repurchase 10,000,000 outstanding shares. This repurchase authorization allows the aerospace company to buy shares of its stock through open market purchases.
Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued. Insider Buying and Selling at General Dynamics In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of the company’s stock in a transaction dated Friday, November 22nd.
The shares were sold at an average price of $280.91, for a total transaction of $1,556,241.40.
Following the sale, the vice president now directly owns 20,296 shares of the company’s stock, valued at $5,701,349.36. This represents a 21.
44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . Corporate insiders own 1.
52% of the company’s stock. Institutional Inflows and Outflows Several large investors have recently added to or reduced their stakes in GD. MFA Wealth Advisors LLC lifted its stake in General Dynamics by 241.
7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 58 shares during the last quarter. Financial Life Planners purchased a new stake in General Dynamics in the 4th quarter worth approximately $25,000.
Hara Capital LLC bought a new stake in shares of General Dynamics in the 3rd quarter worth approximately $26,000. Sugar Maple Asset Management LLC bought a new position in shares of General Dynamics during the fourth quarter valued at approximately $28,000. Finally, Heck Capital Advisors LLC bought a new position in General Dynamics in the 4th quarter worth $28,000.
Institutional investors own 86.14% of the company’s stock. About General Dynamics ( Get Free Report ) 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. Further Reading Five stocks we like better than General Dynamics Why Are Stock Sectors Important to Successful Investing? ServiceNow Stock Slips, But AI Expansion Signals Long-Term Gains The Most Important Warren Buffett Stock for Investors: His Own Microsoft and Meta’s AI Investment Plans Are Full Steam Ahead How to Calculate Return on Investment (ROI) Beyond Self-Driving Cars: Factory Automation Takes Center Stage Receive News & Ratings for General Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics and related companies with MarketBeat.
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