Published: Mon, April 16, 2018
Business | By Tara Barton

Morgan Stanley Lowers General Dynamics (GD) Price Target to $217.00


GD's profit would be $739.23 million giving it 22.02 P/E if the $2.48 EPS is correct. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. sell-side analysts anticipate that General Dynamics will post 11.07 EPS for the current year. This is an increase from General Dynamics's previous quarterly dividend of $0.84. 942,629 shares of the company were exchanged, compared to its average volume of 1,394,463. Investment Centers of America Inc. now owns 7,537 shares of the aerospace company's stock worth $1,548,000 after buying an additional 424 shares during the last quarter. Hightower Advisors Llc bought 53,276 shares as the company's stock declined 5.99% with the market. It also increased its holding in Transcanada Corp (NYSE:TRP) by 457,278 shares in the quarter, for a total of 464,360 shares, and has risen its stake in Schlumberger Ltd (NYSE:SLB). The stock decreased 1.55% or $0.64 during the last trading session, reaching $40.62. About 3.45M shares traded. American International Group, Inc. (IIF) has risen 16.30% since April 15, 2017 and is uptrending. It has underperformed by 46.15% the S&P500. On Friday, February 23 the stock of General Dynamics Corporation (NYSE:GD) earned "Underweight" rating by Morgan Stanley. Therefore 68% are positive. Royal Bank of Canada set a $246.00 price target on General Dynamics and gave the company a buy rating in a report on Tuesday, January 23rd. The firm earned "Buy" rating on Wednesday, July 26 by Cowen & Co. The company rating was maintained by Jefferies on Wednesday, October 25. On Friday, April 6 the firm has "Buy" rating by RBC Capital Markets given. On Friday, February 23 the stock rating was maintained by Morgan Stanley with "Underweight". The rating was downgraded by Drexel Hamilton to "Hold" on Friday, July 31. 400.70 million shares or 2.67% less from 411.71 million shares in 2017Q3 were reported. Credit Suisse maintained the stock with "Outperform" rating in Thursday, January 25 report. Citigroup has "Buy" rating and $185 target. The stock has "Outperform" rating by Credit Suisse on Thursday, January 25.

Big Money Sentiment decreased to 1.07 in Q4 2017. The company has a current ratio of 1.40, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35. Zacks Investment Research raised shares of General Dynamics from a "hold" rating to a "buy" rating and set a $198.00 price target for the company in a research note on Friday, January 13th. 108 funds amassed positions and 290 increased positions. Funds hold 229.66 million shares thus 10.22% less from 2017Q3's 255.81 million shares. Timber Creek Capital Mgmt reported 0.04% in General Dynamics Corporation (NYSE:GD). General Dynamics's dividend payout ratio is presently 31.90%. Foster And Motley has 4,796 shares. The Hong Kong-based Fosun Intll has invested 0.09% in General Dynamics Corporation (NYSE:GD). Moreover, Brown Advisory has 0.31% invested in General Dynamics Corporation (NYSE:GD) for 473,555 shs. Pub Sector Pension Inv Board stated it has 0.01% in PG&E Corporation (NYSE:PCG). During the same quarter previous year, the firm posted $1.89 earnings per share. Kentucky Retirement Sys Insurance Trust Fund owns 7,374 shares. Thrivent For Lutherans holds 11,283 shares or 0.01% of its portfolio. Miller Inv Mngmt Limited Partnership holds 1,554 shares or 0.1% of its portfolio. Wealthtrust Axiom Ltd Limited Liability Company reported 1,008 shares. Jones Financial Companies Lllp sold 1,652 shares as General Dynamics Corp (GD)'s stock rose 9.09%. $389,574 worth of General Dynamics Corporation (NYSE:GD) was sold by KEANE JOHN M. Another trade for 5,210 shares valued at $1.15M was sold by LYLES LESTER L. Also, EVP John Patrick Casey sold 4,133 shares of the firm's stock in a transaction that occurred on Thursday, March 8th. Meristem Llp stated it has 0.08% in General Dynamics Corporation (NYSE:GD). The company has market cap of $190.78 billion. It has a 22.85 P/E ratio. The Aerospace group designs, develops, makes, and outfits business-jet aircraft; provides aircraft services, such as maintenance, repair, aircraft management, charter, fixed-base operational, and staffing services; and performs aircraft completion services for other original equipment manufacturers. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company's stock. Therefore 27% are positive. Since October 19, 2017 according to StockzIntelligence Inc General Dynamics Corp has 24 analyst reports. RBC Capital Markets maintained the stock with "Buy" rating in Tuesday, May 30 report. Jefferies maintained it with "Buy" rating and $237.0 target in Monday, January 8 report. The firm has "Neutral" rating by BNP Paribas given on Monday, June 27. The company was maintained on Tuesday, August 2 by Argus Research.

GD has been the topic of several other research reports.

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Investors sentiment increased to 3 in Q4 2017. Its up 2.67, from 0.33 in 2017Q3. It turned negative, as 97 investors sold PCG shares while 174 reduced holdings. 3 funds opened positions while 0 raised stakes. After $2.50 actual EPS reported by General Dynamics Corporation for the previous quarter, Wall Street now forecasts -0.80% negative EPS growth. The Wisconsin-based North Star Asset Management Inc has invested 0.35% in the stock. (NYSE:AIG) for 440 shares. Whittier Trust owns 0.03% invested in General Dynamics Corporation (NYSE:GD) for 3,526 shares. Natl Pension Serv owns 471,089 shares for 0.11% of their portfolio. (NYSE:AIG). Hightower Advsr Limited Liability Corporation has 186,328 shares.

Cornerstone Capital Management Holdings Llc decreased Digital Realty Trust Inc (NYSE:DLR) stake by 12,418 shares to 142,736 valued at $16.26M in 2017Q4. It also upped Webster Finl Corp Conn (NYSE:WBS) stake by 5,517 shares and now owns 33,742 shares. Kimberly (NYSE:KMB) was reduced too.

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