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Stock Update: General Dynamics Corp (NYSE:GD) – U.S. Navy Awards General Dynamics $116 Million for Virginia Payload Module Development

[PR Newswire] – GROTON, Conn., July 6, 2016 /PRNewswire/ — General Dynamics Electric Boat has been awarded a $116 million contract modification for the continued development of the Virginia Payload Module (VPM). Electric … Read more on this. General Dynamics Corporation (GD) , with a current market cap of $42.76B, opened at $138.14. Looking at today’s trading action, the company’s one day range from $136.71 to $140.03 with its 52-week range being $121.61 to $153.76. GD shares are currently priced at 14.54x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 22.10x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $3.04 per share annually in dividends, yielding 2.09%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $2.31 per share, which would be $0.04 better than the year-ago quarter and a $0.01 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $9.52 would be a $0.44 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $7.88 Billion. If realized, that would be a 0.00% decrease over the year-ago quarter. Recently, Guggenheim Initiated GD at Buy (Apr 5, 2016). Previously, Deutsche Bank downgraded GD from Buy to Hold. When considering if perhaps the stock is under or overvalued, the average price target is $161.87, which is 17.18% above where the stock opened this morning. See more in (NYSE:GD) Similar Articles: Stock Update (NYSE:GD): General Dynamics Awarded $106 Million Advance Procurement Contract for U.S. Navy’s Fifth Expeditionary Mobile Base Stock Update: General Dynamics Corp (NYSE:GD) – General Dynamics DMR Radios Ordered for New U.S. Navy Surface Vessels and Submarines Market Update: General Dynamics Corp (NYSE:GD) – General Dynamics Awarded $75 Million by Centers for Medicare & Medicaid Services
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