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Stock Update (NYSE:GD): General Dynamics Completes U.S. Air Force Space Fence Radar Array Ground Structure

[PR Newswire] – WORTHAM, Texas, April 7, 2016 /PRNewswire/ — General Dynamics SATCOM Technologies completed the construction and walk-through of the 7,000 square-foot radar receive array structure that is part of the U.S. Air Force Space Fence radar system. With the array structure complete, the General Dynamics Space Fence team will carefully dismantle the 700,000-pound steel structure and ship it to Kwajalein Atoll, Marshall Islands, for reassembly and integration into the Space Fence system. Read more on this. General Dynamics Corporation (GD) , valued at $41.09B, opened this morning at $131.28. Shares have traded today between $130.84 and $133.00 per share with a one year range of $121.61 to $153.76. Priced at 13.96x this year’s forecasted earnings, GD shares are relatively expensive compared to the industry’s 12.91x forward p/e ratio. The company pays shareholders $3.04 per share annually in dividends, yielding 2.31%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $2.17 per share, which would be $0.03 better than the year-ago quarter and a $0.07 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $9.37, which would be a $0.29 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.69 Billion. If reported, that would be a 1.16% decrease over the year-ago quarter. Recently, Guggenheim Initiated GD at Buy (Apr 5, 2016). Previously, Deutsche Bank downgraded GD from Buy to Hold. Investors should keep in mind is that the average price target is $158.82, which is 20.98% above where the stock opened this morning. See more in (NYSE:GD) Similar Articles: Stock Update: General Dynamics Corp (NYSE:GD) – General Dynamics NASSCO Successfully Completes LNG Bunkering for the Perla Del Caribe Stock Update (NYSE:GD): General Dynamics Radios and Secure Wireless Network Support New Deployable Landing System for U.S. Air Force Stock Update: General Dynamics Corp (NYSE:GD) – General Dynamics NASSCO Christens First ECO Tanker for American Petroleum Tankers
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