General Dynamics (NYSE:GD) Price Target Cut to $285.00 by Analysts at Barclays

General Dynamics (NYSE:GD) had its price target lowered by Barclays from $305.00 to $285.00 in a research report report published on Tuesday,Benzinga reports. The firm currently has an overweight rating on the aerospace company’s stock.

Several other analysts have also commented on the company. Wolfe Research lowered General Dynamics from an “outperform” rating to a “peer perform” rating in a report on Wednesday, December 11th. Seaport Res Ptn cut General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Susquehanna dropped their price target on General Dynamics from $315.00 to $300.00 and set a “positive” rating on the stock in a research note on Thursday, January 30th. Sanford C. Bernstein cut their price objective on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. Finally, TD Cowen lowered their target price on shares of General Dynamics from $315.00 to $295.00 in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $300.06.

General Dynamics Trading Up 0.4 %

Shares of NYSE GD opened at $257.64 on Tuesday. The stock has a market capitalization of $70.84 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 1.46 and a beta of 0.61. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.37 and a quick ratio of 0.82. The business has a fifty day moving average price of $266.56 and a 200 day moving average price of $286.50. General Dynamics has a 1-year low of $247.01 and a 1-year high of $316.90.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. Equities research analysts expect that General Dynamics will post 14.88 EPS for the current fiscal year.

General Dynamics announced that its board has approved a stock buyback plan on Wednesday, December 4th that permits the company to buyback 10,000,000 outstanding shares. This buyback authorization permits the aerospace company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders 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 dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, January 17th. General Dynamics’s dividend payout ratio (DPR) is 41.64%.

Insider Buying and Selling at General Dynamics

In other news, VP Christopher J. Brady sold 5,540 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Laura J. Schumacher sold 1,796 shares of General Dynamics stock in a transaction on Friday, January 31st. The shares were sold at an average price of $255.68, for a total transaction of $459,201.28. Following the completion of the sale, the director now directly owns 11,175 shares in the company, valued at $2,857,224. This represents a 13.85 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. MFA Wealth Advisors LLC increased its stake in General Dynamics by 241.7% during the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock worth $25,000 after buying an additional 58 shares in the last quarter. Financial Life Planners acquired a new stake in shares of General Dynamics in the fourth quarter worth approximately $25,000. Hara Capital LLC purchased a new stake in shares of General Dynamics during the third quarter worth approximately $26,000. Sugar Maple Asset Management LLC acquired a new position in General Dynamics in the 4th quarter valued at $28,000. Finally, Heck Capital Advisors LLC purchased a new position in General Dynamics in the 4th quarter valued at $28,000. Institutional investors and hedge funds 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.