General Dynamics (NYSE:GD – Get Rating) released an update on its fiscal 2022 earnings guidance on Thursday morning. The company provided EPS guidance for the period from $12.15 to $12.15, compared to a consensus EPS estimate of $12.17. The company announced earnings guidance for -.
Analyst sets new price target
Recently, several research firms are considering GD. Wolfe Research began coverage of General Dynamics’ shares in a report on Monday, October 10th. They beat the company’s performance rating and price target of $265.00. Seaport Res Ptn restated its Buy rating on General Dynamics stock in its report on Wednesday, July 27th. Wells Fargo & Company lowered its price target for General Dynamics stock from $256.00 to $249.00 in a research report on Wednesday, September 28, setting an overweight rating for the company. Credit Suisse Group began covering General Dynamics shares in a research note on Tuesday, October 11th. They set a neutral rating and a target price for the company of $238.00. Finally, StockNews.com covered General Dynamics in his Wednesday Oct. 12 report. They set the company’s purchase rating. Two analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. According to MarketBeat, the company’s current average rating is a moderate buy, with a consensus target price of $260.56.
General dynamics trading 0.7% increase
NYSE GD shares climbed $1.77 during Thursday trading to reach $247.47. The company’s average trading volume was 3,568 shares for him, compared to his 1,024,549 shares. The stock has a market capitalization of $67.87 billion, a P/E ratio of 20.79, a PEG ratio of 1.97 and a beta of 0.85. The company has a 50-day moving average price of $229.61 and a 200-day moving average price of $227.83. The company has a quick ratio of 0.98, a current ratio of 1.40 and a debt to equity ratio of 0.56. General Dynamics has a 12-month low of $188.64 and a 12-month high of $254.99.
General Dynamics (NYSE:GD – Get Rating) last announced its quarterly earnings data on Wednesday, Oct. 26. The aerospace company reported EPS of $3.26 for the quarter, beating analysts’ consensus forecast of $3.16 by $0.10. General Dynamics’ net profit margin was 8.61% and return on equity was 19.25%. The company’s revenue for the quarter was $9.98 billion, compared with analyst estimates of $9.93 billion. In the same period last year he recorded an EPS of $3.07. The company’s quarterly revenue increased 4.3% year-on-year. As a group, research analysts expect General Dynamics to post his 12.16 earnings per share this year.
General Dynamics Announces Dividend
The company recently announced a quarterly dividend payable on Thursday, November 10th. Investors of record on Friday, October 7 will receive a dividend of $1.26 per share. The ex-dividend date is Thursday, October 6. This represents his $5.04 dividend and his 2.04% dividend yield on an annualized basis. General Dynamics payout percentage is 42.64%.
Insider trading with General Dynamics
In other news, CEO Phebe N. Novakovic sold 71,461 shares in General Dynamics in a transaction on Tuesday, August 9th. The shares were sold at an average price of $227.05 for a total of $16,225,220.05. Following the closing of the sale, the CEO now owns 781,152 shares in the company, valued at approximately $177,360,561.60. The transaction is disclosed in documents filed with the Securities and Exchange Commission and can be accessed via this hyperlink. The insider owns his 1.50% of the company’s shares.
Hedge funds focus on general dynamics
A number of big investors have recently changed their stakes in the company. Charles Schwab Investment Management Inc. increased his General Dynamics holdings by 2.3% in the first quarter. Charles Schwab Investment Management Inc. owns 1,288,469 shares in the aerospace company worth $310,753,000 after purchasing an additional 29,013 shares in him last quarter. Goldman Sachs Group Inc. raised its stake in General Dynamics by 44.3% in the first quarter. Goldman Sachs Group Inc., after acquiring an additional 329,299 shares during this period, now owns 1,073,407 shares of the aerospace company valued at $258,885,000. Markel Corp increased its General Dynamics holding by 0.9% in the first quarter. Markel Corp now owns 390,500 shares of the aerospace company worth $94,181,000 after purchasing an additional 3,500 of his shares during the last quarter. Edgar Lomax Co. VA increased its stake in General Dynamics by 24.6% in the first quarter. Edgar Lomax Co. VA now owns 315,139 shares of the aerospace company worth $76,005,000 after purchasing an additional 62,265 shares in the previous quarter. Finally, 1832 Asset Management LP purchased approximately $59,754,000 worth of new positions in General Dynamics in the first quarter. Currently 86.16% of the shares are owned by institutional investors.
About the dynamics in general
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General Dynamics Corporation is an aerospace and defense company with operations around the world. He operates in four segments: Aerospace, Marine Systems, Combat Systems, and Technology. The Aerospace segment designs, manufactures and sells business jets. We provide aircraft maintenance and repair, management, charter, aircraft ground support and completion, staffing, and fixed base operator services.
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