General Dynamics (NYSE:GD) Price Target Cut to $281.00 by Analysts at UBS Group

General Dynamics (NYSE:GD) had its target price reduced by UBS Group from $337.00 to $281.00 in a research note issued to investors on Tuesday morning. They currently have a neutral rating on the aerospace company’s stock.

GD has been the subject of several other research reports. Jefferies Financial Group reiterated a “hold” rating and issued a $300.00 price target (down previously from $345.00) on shares of General Dynamics in a report on Thursday, December 12th. Sanford C. Bernstein lowered their target price on General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. Seaport Res Ptn downgraded General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. The Goldman Sachs Group downgraded General Dynamics from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $283.00 to $245.00 in a report on Thursday, December 12th. Finally, Susquehanna cut their target price on General Dynamics from $330.00 to $315.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $303.28.

General Dynamics Trading Down 2.8 %

NYSE GD opened at $262.33 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80. The stock’s 50-day moving average is $268.94 and its 200-day moving average is $287.64. General Dynamics has a one year low of $257.26 and a one year high of $316.90. The firm has a market cap of $72.13 billion, a P/E ratio of 19.98, a P/E/G ratio of 1.43 and a beta of 0.61.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Friday, January 17th. General Dynamics’s dividend payout ratio (DPR) is presently 43.26%.

General Dynamics declared that its Board of Directors has approved a stock buyback program on Wednesday, December 4th that allows the company to buyback 10,000,000 shares. This buyback authorization allows the aerospace company to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other news, VP Christopher J. Brady sold 5,540 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the completion of the sale, the vice president now owns 20,296 shares in the company, valued at approximately $5,701,349.36. This trade represents a 21.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.52% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. MFA Wealth Advisors LLC grew its position in shares of General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 58 shares during the last quarter. Financial Life Planners bought a new position in General Dynamics during the 4th quarter worth $25,000. Hara Capital LLC bought a new position in General Dynamics during the 3rd quarter worth $26,000. Sugar Maple Asset Management LLC acquired a new stake in shares of General Dynamics during the fourth quarter worth $28,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of General Dynamics in the fourth quarter valued at about $28,000. 86.14% of the stock is owned by institutional investors.

General Dynamics Company Profile

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.