General Dynamics (NYSE:GD) had its target price lowered by Stifel Nicolaus from $180.00 to $160.00 in a research report report published on Thursday morning, BenzingaRatingsTable reports. The brokerage currently has a hold rating on the aerospace company’s stock.

GD has been the topic of several other research reports. Argus cut their price target on General Dynamics from $199.00 to $155.00 and set a buy rating on the stock in a research note on Wednesday, May 6th. Susquehanna Bancshares upped their price target on General Dynamics from $167.00 to $184.00 and gave the stock a positive rating in a research note on Thursday, June 4th. Seaport Global Securities began coverage on General Dynamics in a research note on Tuesday, May 19th. They issued a buy rating and a $188.00 price target on the stock. Royal Bank of Canada upped their price target on General Dynamics from $157.00 to $164.00 and gave the stock an outperform rating in a research note on Thursday. Finally, ValuEngine upgraded General Dynamics from a sell rating to a hold rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. General Dynamics currently has an average rating of Buy and an average price target of $183.57.

Shares of NYSE:GD traded down $2.12 during trading on Thursday, hitting $146.74. The stock had a trading volume of 1,659,624 shares, compared to its average volume of 1,125,946. General Dynamics has a 12 month low of $100.55 and a 12 month high of $193.76. The company has a market capitalization of $42.09 billion, a PE ratio of 13.03, a PEG ratio of 2.46 and a beta of 1.05. The firm’s fifty day moving average is $148.68 and its 200 day moving average is $151.85. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.75.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, July 29th. The aerospace company reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.03. General Dynamics had a return on equity of 24.10% and a net margin of 8.47%. The firm had revenue of $9.26 billion during the quarter, compared to analyst estimates of $9.03 billion. During the same quarter in the prior year, the company earned $2.77 EPS. The business’s revenue was down 3.0% compared to the same quarter last year. Equities research analysts expect that General Dynamics will post 11.12 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 3rd will be paid a $1.10 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.00%. General Dynamics’s dividend payout ratio (DPR) is currently 36.73%.

A number of institutional investors have recently made changes to their positions in GD. Seeyond raised its stake in shares of General Dynamics by 70.4% during the first quarter. Seeyond now owns 4,580 shares of the aerospace company’s stock valued at $500,000 after acquiring an additional 1,892 shares in the last quarter. Clarius Group LLC raised its stake in General Dynamics by 6.1% in the second quarter. Clarius Group LLC now owns 1,655 shares of the aerospace company’s stock worth $247,000 after buying an additional 95 shares in the last quarter. First Mercantile Trust Co. raised its stake in General Dynamics by 6.0% in the first quarter. First Mercantile Trust Co. now owns 17,901 shares of the aerospace company’s stock worth $2,368,000 after buying an additional 1,018 shares in the last quarter. Cigna Investments Inc. New raised its stake in General Dynamics by 6.3% in the first quarter. Cigna Investments Inc. New now owns 6,783 shares of the aerospace company’s stock worth $897,000 after buying an additional 400 shares in the last quarter. Finally, Canandaigua National Corp acquired a new position in shares of General Dynamics during the second quarter worth $1,443,000. 85.57% of the stock is currently owned by institutional investors.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates in five segments: Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The Aerospace segment designs, manufactures, and supports business-jet aircraft; and offers business-aviation services, including maintenance, fixed-base operation, government fleet, aircraft management, charter, and staffing services, as well as integrated aviation solutions.

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Analyst Recommendations for General Dynamics (NYSE:GD)

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