Jefferies Group Raises General Dynamics (NYSE:GD) Price Target to $247.00

Reuters

Reuters

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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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.

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