General Dynamics Co. (NYSE:GD) has received an “A” credit rating from analysts at Morningstar. The firm’s “A” rating suggests that the company is a low default risk. They also gave their stock a three star rating.

GD has been the subject of a number of other research reports. Wolfe Research reissued an “outperform” rating and set a $170.00 target price (down previously from $173.00) on shares of General Dynamics in a research note on Thursday, October 29th. Credit Suisse reissued an “outperform” rating on shares of General Dynamics in a research note on Tuesday, January 19th. JPMorgan Chase & Co. lowered shares of General Dynamics from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $170.00 to $157.00 in a research note on Wednesday, December 16th. Zacks Investment Research lowered shares of General Dynamics from a “buy” rating to a “hold” rating in a research note on Thursday, October 15th. Finally, Vetr raised shares of General Dynamics from a “hold” rating to a “buy” rating and set a $163.66 target price for the company in a research note on Thursday, October 29th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $159.86.

In related news, VP Christopher Marzilli sold 40,550 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $147.92, for a total transaction of $5,998,156.00. Following the completion of the transaction, the vice president now owns 55,587 shares in the company, valued at $8,222,429.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

A number of hedge funds have recently made changes to their positions in the stock. Jennison Associates purchased a new stake in shares of General Dynamics during the third quarter worth approximately $1,866,000. TrimTabs Asset Management purchased a new stake in shares of General Dynamics during the third quarter worth approximately $2,112,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft purchased a new stake in shares of General Dynamics during the third quarter worth approximately $17,489,000.

General Dynamics (NYSE:GD) opened at 124.60 on Tuesday. General Dynamics has a 12-month low of $121.61 and a 12-month high of $153.76. The stock’s 50 day moving average is $134.93 and its 200 day moving average is $142.26. The company has a market cap of $39.46 billion and a P/E ratio of 14.21.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $2.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.13 by $0.15. During the same period in the prior year, the company earned $2.05 EPS. The company had revenue of $7.99 billion for the quarter, compared to the consensus estimate of $7.83 billion. The firm’s revenue was up 3.1% on a year-over-year basis. On average, equities analysts forecast that General Dynamics will post $9.05 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 5th. Stockholders of record on Friday, January 15th will be given a dividend of $0.69 per share. This is a positive change from General Dynamics’s previous quarterly dividend of $0.51. This represents a $2.76 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Wednesday, January 13th.

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.

12 Month Chart for NYSE:GD

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