Deutsche Bank Aktiengesellschaft Trims General Dynamics (NYSE:GD) Target Price to $314.00

General Dynamics (NYSE:GD) had its price objective trimmed by Deutsche Bank Aktiengesellschaft from $320.00 to $314.00 in a research note published on Thursday morning, Benzinga reports. The brokerage currently has a hold rating on the aerospace company’s stock.

Several other research firms have also weighed in on GD. Barclays lifted their target price on shares of General Dynamics from $310.00 to $325.00 and gave the company an overweight rating in a report on Tuesday, July 30th. BTIG Research assumed coverage on shares of General Dynamics in a research report on Wednesday, June 26th. They issued a buy rating and a $345.00 price objective for the company. Morgan Stanley raised shares of General Dynamics from an equal weight rating to an overweight rating and increased their target price for the stock from $293.00 to $345.00 in a research note on Friday, August 9th. Robert W. Baird reaffirmed an outperform rating and issued a $345.00 price target on shares of General Dynamics in a report on Tuesday, July 2nd. Finally, Wells Fargo & Company lowered General Dynamics from an overweight rating to an equal weight rating and dropped their price objective for the company from $334.00 to $317.00 in a report on Tuesday, October 1st. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $317.06.

General Dynamics Trading Up 0.4 %

NYSE GD opened at $300.66 on Thursday. General Dynamics has a 1 year low of $214.53 and a 1 year high of $309.97. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.33 and a quick ratio of 0.80. The company has a market capitalization of $82.49 billion, a PE ratio of 24.52, a P/E/G ratio of 1.68 and a beta of 0.61. The company has a fifty day moving average of $297.27 and a 200 day moving average of $293.02.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.30 by ($0.04). The company had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.46 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period last year, the firm earned $2.70 EPS. Research analysts forecast that General Dynamics will post 14.52 earnings per share for the current year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 11th will be paid a dividend of $1.42 per share. The ex-dividend date is Friday, October 11th. This represents a $5.68 annualized dividend and a yield of 1.89%. General Dynamics’s dividend payout ratio (DPR) is presently 46.33%.

Insider Transactions at General Dynamics

In other news, Director Peter A. Wall sold 1,320 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $308.05, for a total value of $406,626.00. Following the transaction, the director now directly owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.52% of the company’s stock.

Hedge Funds Weigh In On General Dynamics

A number of institutional investors have recently added to or reduced their stakes in GD. Gladstone Capital Management LLP acquired a new stake in shares of General Dynamics in the 4th quarter worth $3,869,000. SWP Financial LLC purchased a new stake in shares of General Dynamics in the fourth quarter valued at about $227,000. Sanibel Captiva Trust Company Inc. acquired a new stake in General Dynamics during the fourth quarter worth about $28,107,000. Evercore Wealth Management LLC raised its stake in General Dynamics by 1.5% during the fourth quarter. Evercore Wealth Management LLC now owns 5,355 shares of the aerospace company’s stock worth $1,391,000 after purchasing an additional 78 shares during the period. Finally, Kingsview Wealth Management LLC boosted its holdings in General Dynamics by 87.6% in the 1st quarter. Kingsview Wealth Management LLC now owns 14,690 shares of the aerospace company’s stock valued at $4,150,000 after purchasing an additional 6,858 shares during the last quarter. Hedge funds and other institutional investors 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.