Investors purchased shares of General Dynamics Co. (NYSE:GD) on weakness during trading on Friday. $120.26 million flowed into the stock on the tick-up and $49.69 million flowed out of the stock on the tick-down, for a money net flow of $70.57 million into the stock. Of all companies tracked, General Dynamics had the 10th highest net in-flow for the day. General Dynamics traded down ($1.47) for the day and closed at $172.12
A number of research analysts recently weighed in on the stock. Cowen restated a “buy” rating and set a $253.00 target price on shares of General Dynamics in a research note on Monday, October 15th. Morgan Stanley lowered their target price on shares of General Dynamics from $209.00 to $189.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 14th. Barclays lowered their target price on shares of General Dynamics from $256.00 to $210.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 4th. Wells Fargo & Co reduced their price target on shares of General Dynamics from $250.00 to $210.00 and set an “outperform” rating on the stock in a report on Thursday, October 25th. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $230.00 price target on shares of General Dynamics in a report on Monday, February 4th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. General Dynamics has a consensus rating of “Hold” and a consensus price target of $208.23.
The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.83 and a current ratio of 1.23. The firm has a market cap of $50.97 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 1.60 and a beta of 1.16.
General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, January 30th. The aerospace company reported $3.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.09. The company had revenue of $10.38 billion for the quarter, compared to the consensus estimate of $10.34 billion. General Dynamics had a net margin of 9.24% and a return on equity of 28.33%. General Dynamics’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.50 EPS. On average, equities analysts expect that General Dynamics Co. will post 11.73 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 8th. Stockholders of record on Friday, January 18th were issued a $0.93 dividend. The ex-dividend date of this dividend was Thursday, January 17th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.16%. General Dynamics’s dividend payout ratio (DPR) is presently 32.57%.
In other General Dynamics news, Director Catherine B. Reynolds bought 600 shares of General Dynamics stock in a transaction dated Friday, December 7th. The shares were purchased at an average cost of $167.64 per share, for a total transaction of $100,584.00. Following the acquisition, the director now directly owns 1,153 shares in the company, valued at approximately $193,288.92. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Christopher J. Brady sold 2,327 shares of the business’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $171.23, for a total transaction of $398,452.21. Following the completion of the sale, the vice president now owns 5,134 shares in the company, valued at $879,094.82. The disclosure for this sale can be found here. Insiders own 6.90% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Ontario Teachers Pension Plan Board grew its holdings in General Dynamics by 256.4% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 7,364 shares of the aerospace company’s stock valued at $1,508,000 after purchasing an additional 5,298 shares during the last quarter. Alerus Financial NA grew its holdings in General Dynamics by 19.8% during the 3rd quarter. Alerus Financial NA now owns 20,878 shares of the aerospace company’s stock valued at $3,511,000 after purchasing an additional 3,446 shares during the last quarter. Tompkins Financial Corp grew its holdings in General Dynamics by 3.8% during the 4th quarter. Tompkins Financial Corp now owns 16,406 shares of the aerospace company’s stock valued at $2,579,000 after purchasing an additional 608 shares during the last quarter. AlphaMark Advisors LLC grew its holdings in General Dynamics by 6.0% during the 3rd quarter. AlphaMark Advisors LLC now owns 18,225 shares of the aerospace company’s stock valued at $3,731,000 after purchasing an additional 1,032 shares during the last quarter. Finally, Johnson Financial Group Inc. grew its holdings in General Dynamics by 282.1% during the 3rd quarter. Johnson Financial Group Inc. now owns 5,548 shares of the aerospace company’s stock valued at $1,136,000 after purchasing an additional 4,096 shares during the last quarter. Hedge funds and other institutional investors own 86.24% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Investors Buy Shares of General Dynamics (GD) on Weakness” was first posted by Fairfield Current and is the sole property of of Fairfield Current. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://www.fairfieldcurrent.com/news/2019/02/10/investors-buy-shares-of-general-dynamics-gd-on-weakness.html.
General Dynamics Company Profile (NYSE:GD)
General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.
Receive News & Ratings for General Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.