General Dynamics Corporation (NYSE:GD) Valuation According To Analysts

Business jet sales seem poised to take off but company boards stand in the way

Business jet sales seem poised to take off but company boards stand in the way

NC boosted its stake in shares of General Dynamics Corporation by 1.2% in the first quarter.

GD has been the subject of a number of recent analyst reports. Finally, Mark Sheptoff Financial Planning LLC raised its stake in shares of General Dynamics Corporation by 0.3% in the first quarter. BidaskClub lowered shares of General Dynamics Corporation from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 16th. General Dynamics Corporation had 41 analyst reports since July 31, 2015 according to SRatingsIntel. Vetr cut General Dynamics Corporation from a "hold" rating to a "sell" rating and set a $183.78 target price for the company.in a research report on Monday, April 24th. It improved, as 41 investors sold General Dynamics Corporation shares while 312 reduced holdings. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. General Dynamics Corporation has an average rating of Buy and an average price target of $204.72. General Dynamics Corporation (NYSE:GD) has risen 36.41% since July 27, 2016 and is uptrending. The overall volume in the last trading session was 441526 shares. The company has a 50 day moving average of $200.88 and a 200 day moving average of $192.13.

Among 17 analysts covering General Dynamics Corporation (NYSE:GD), 11 have Buy rating, 0 Sell and 6 Hold. The firm has a market capitalization of $58.74 billion, a PE ratio of 19.52 and a beta of 0.72. Peapack Gladstone Fincl has invested 0% in General Dynamics Corporation (NYSE:GD). The aerospace company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.02. The firm had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.76 billion. General Dynamics Corporation had a net margin of 9.66% and a return on equity of 28.22%. The company's quarterly revenue was down 1.3% on a year-over-year basis.

In addition, the formal order for a previously announced sale of tanks to Kuwait and Saudi Arabia was expected land in the fourth quarter of this year. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $2.42.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Friday, July 7th will be given a $0.84 dividend. The ex-dividend date of this dividend is Wednesday, July 5th. Pinnacle Bank acquired a new position in General Dynamics Corporation during the Q1 valued about $126,000. Also, Director Lester L. Lyles sold 2,551 shares of the company's stock in a transaction dated Friday, May 19th. 46,722 shares valued at $8.98M were sold by CASEY JOHN PATRICK on Wednesday, March 1. Following the transaction, the vice president now owns 107,857 shares in the company, valued at $21,719,164.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Gallopoulos Gregory S sold $7.17M worth of stock or 39,860 shares. Following the completion of the transaction, the director now directly owns 7,336 shares in the company, valued at approximately $1,437,929.36. The disclosure for this sale can be found here.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nwam LLC now owns 1,786 shares of the aerospace company's stock worth $334,000 after buying an additional 349 shares during the period.

The share price of General Dynamics Corporation (NYSE:GD) was down -4.37% during the last trading session, with a day high of 199.37. The institutional investor owned 78,997 shares of the aerospace company's stock after selling 3,800 shares during the period.

Main Street Research Llc increased General Dynamics Corp (GD) stake by 14.79% reported in 2016Q4 SEC filing. Russell Investments Group Ltd. now owns 325,460 shares of the aerospace company's stock worth $64,475,000 after buying an additional 13,329 shares in the last quarter. Norway Savings Bank has an ownership of 1,010 stocks of the aerospace firms shares valued $189,000 after scooping up an extra 105 shares through out the previous quarter, 86.80% of the shares is presently owned by large funds and investment firms. Savant Capital LLC raised its stake in shares of General Dynamics Corporation by 0.4% in the first quarter.

Orbital ATK, Inc.is an aerospace and defense systems company and supplier of related products to the United States Government, allied nations, prime contractors and other customers. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship fix.

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