General Dynamics Buying CSRA for $6.8 Billion

NATION-NOW     General Dynamics buying CSRA for about $6.8 billion     
       General Dynamics buying CSRA for about $6.8 billion

NATION-NOW General Dynamics buying CSRA for about $6.8 billion General Dynamics buying CSRA for about $6.8 billion

They now have $234.00 target price on the aerospace company's stock. Credit Suisse Group restated an "outperform" rating and issued a $238.00 target price (up from $216.00) on shares of General Dynamics in a report on Thursday, October 26th. Captrust Financial Advisors bought a new position in General Dynamics during the second quarter valued at about $129,000. YorkBridge Wealth Partners LLC increased its stake in General Dynamics by 0.5% during the 2nd quarter. ING Groep NV now owns 26,402 shares of the aerospace company's stock valued at $5,371,000 after buying an additional 2,334 shares during the period. Amalgamated Bank now owns 30,733 shares of the aerospace company's stock worth $6,318,000 after purchasing an additional 549 shares in the last quarter. Stifel Nicolaus upped their price objective on General Dynamics from $200.00 to $210.00 and gave the stock a "hold" rating in a research note on Thursday, October 26th.

CSRA and General Dynamics Corp. are based in Falls Church, Va. Royal Bank of Canada set a $239.00 target price on General Dynamics and gave the stock a buy rating in a research report on Wednesday, November 15th.

General Dynamics Co. has a twelve month low of $182.16 and a twelve month high of $229.54.

Hedge funds and other institutional investors have recently modified their holdings of the business. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. The stock has a market capitalization of $63,330.00, a P/E ratio of 22.21, a PEG ratio of 2.25 and a beta of 0.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.40 and a quick ratio of 0.99.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, January 24th. Finally, WASHINGTON TRUST Co increased its stake in shares of General Dynamics by 15.5% in the fourth quarter. The aerospace company reported $2.50 earnings per share for the quarter, beating analysts' consensus estimates of $2.37 by $0.13. The company had revenue of $8.28 billion for the quarter, compared to the consensus estimate of $8.40 billion. General Dynamics had a return on equity of 27.22% and a net margin of 9.40%. During the same quarter in the previous year, the firm earned $1.89 earnings per share.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, January 19th were issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Thursday, January 18th. General Dynamics's payout ratio is now 35.18%. ETRADE Capital Management LLC grew its position in shares of General Dynamics by 38.0% in the third quarter.

TRADEMARK VIOLATION WARNING: This report was first published by The Lincolnian Online and is owned by of The Lincolnian Online.

The deal folds CSRA into General Dynamics' information systems and technology business, which is its largest unit, and also provides combat software and combat-ready computing equipment.

General Dynamics reported sales of $31.35 billion in the year ended December 31, while CSRA had revenue of $4.99 billion in the fiscal year ended March 31.

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