General Dynamics Corporation (GD) was Reiterated by Barclays to “Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 161 from a previous price target of $157 . Barclays advised their investors in a research report released on May 2, 2016.
Many Wall Street Analysts have commented on General Dynamics Corporation. Company shares were Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 168 from a previous price target of $166 .General Dynamics Corporation was Initiated by Guggenheim to “Buy” on Apr 5, 2016. Shares were Downgraded by Deutsche Bank on Mar 24, 2016 to ” Hold” and Lowered the Price Target to $ 152 from a previous price target of $170 .
On the company’s financial health, General Dynamics Corporation reported $2.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $2.16. The company had revenue of $7724.00 million for the quarter, compared to analysts expectations of $7680.97 million. The company’s revenue was down -.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.14 EPS.
General Dynamics Corporation opened for trading at $139 and hit $144.15 on the upside on Wednesday, eventually ending the session at $143.61, with a gain of 3.53% or 4.9 points. The heightened volatility saw the trading volume jump to 28,88,131 shares. Company has a market cap of $44,686 M.
In a different news, on Feb 22, 2016, Gregory S Gallopoulos (Senior VP, Gen. Counsel, Sec.) sold 60,890 shares at $134.47 per share price. According to the SEC, on Nov 3, 2015, S. Daniel Johnson (Executive Vice President) sold 48,890 shares at $147.55 per share price. On Nov 3, 2015, Christopher Marzilli (Vice President) sold 40,550 shares at $147.91 per share price, according to the Form-4 filing with the securities and exchange commission.
General Dynamics Corporation is an aerospace and defense company that offers a portfolio of products and services in business aviation; combat vehicles weapons systems and munitions; communications and information technology systems and solutions and military and commercial shipbuilding. The Company operates through four business groups: Aerospace Combat Systems Information Systems and Technology and Marine Systems. Aerospace group designs manufactures and outfits a family of Gulfstream business-jet aircraft and provides aircraft services. Combat Systems group is engaged in systems engineering spanning design development manufacture and support of military vehicles weapons systems and munitions. Marine Systems group designs builds and supports submarines and surface ships. Information Systems and Technology group provides technologies products and services that support a range of military federal/civilian and commercial information-systems requirements.