Zacks Investment Research upgraded shares of General Dynamics (NYSE:GD) from a hold rating to a buy rating in a research report report published on Friday, January 19th. ING Groep NV increased its stake in shares of General Dynamics by 9.7% in the fourth quarter.
GD has been the subject of a number of recent analyst reports. Jefferies Group's price target suggests a potential upside of 16.45% from the company's previous close. Finally, Argus raised shares of General Dynamics to a "buy" rating and increased their target price for the company from $230.00 to $250.00 in a research report on Tuesday, January 30th. Stifel Nicolaus upped their price objective on General Dynamics from $200.00 to $210.00 and gave the stock a "hold" rating in a research note on Thursday, October 26th. Finally, ValuEngine lowered General Dynamics from a buy rating to a hold rating in a research note on Thursday, November 30th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock.
Shares of General Dynamics (NYSE GD) opened at $212.10 on Thursday. General Dynamics has a 1 year low of $182.16 and a 1 year high of $229.54. The firm has a market capitalization of $62,971.57, a price-to-earnings ratio of 21.32, a P/E/G ratio of 2.25 and a beta of 0.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.99 and a current ratio of 1.40.
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If more than one country earns the same amount of gold medals, then it goes down to the silver medals and then the bronze medals. Norway also took silver medals in Biathlon and Ski Jumping and Bronze medals in Speed Skating and Ski Jumping.
General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.37 by $0.13. General Dynamics had a net margin of 9.40% and a return on equity of 27.22%. The firm had revenue of $8.28 billion for the quarter, compared to analysts' expectations of $8.40 billion.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, January 19th were issued a $0.84 dividend. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $3.36 annualized dividend and a yield of 1.58%. General Dynamics's dividend payout ratio (DPR) is presently 35.18%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC increased its stake in General Dynamics by 6.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 645 shares of the aerospace company's stock worth $110,000 after purchasing an additional 37 shares during the period. Brightworth acquired a new stake in shares of General Dynamics during the 3rd quarter worth $5,882,000. Park National Corp OH grew its position in General Dynamics by 7.6% in the third quarter. Resources Investment Advisors Inc. now owns 625 shares of the aerospace company's stock worth $127,000 after purchasing an additional 300 shares during the period. Ltd. increased its stake in shares of General Dynamics by 1.2% in the fourth quarter.
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General Dynamics reported sales of $31.35 billion in the year ended December 31, while CSRA had revenue of $4.99 billion in the fiscal year ended March 31.
General Dynamics' information systems and technology business is its biggest unit and provides combat software solutions and combat-ready computing equipment.
Polling for NA-154 Lodhran by-election today
He was de-seated for deliberately submitting a false statement in the Supreme Court to hide his property in the United Kingdom. The Supreme Court had ordered re-election in the constituency after it found irregularities in 2013 elections.