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Market Update: General Dynamics Corp (NYSE:GD) – General Dynamics Appoints Gezen as President of General Dynamics Ordnance and Tactical Systems; Wilson to Retire

[PR Newswire] – FALLS CHURCH, Va., April 15, 2016 /PRNewswire/ — General Dynamics (GD) today announced that Firat H. Gezen has been elected a vice president of the corporation and appointed as president of General Dynamics Ordnance and Tactical Systems, effective May 1, 2016, following the retirement of Michael S. Wilson. Gezen will report to Mark C. Roualet, executive vice president of the company’s Combat Systems group. “Firat has been an instrumental part of the management team at Ordnance and Tactical Systems and he has a deep understanding of our customers, operations and offerings,” Roualet said. Read more on this. General Dynamics Corporation (GD) , valued at $41.96B, opened at $133.69. A quick look at the market, the company’s stock traded between $133.51 and $134.86 with a trailing 52-week range being $121.61 to $153.76. Priced at 14.26x this year’s forecasted earnings, GD shares are relatively expensive compared to the industry’s 5.54x forward p/e ratio. And for dividend hunters, the company pays shareholders $3.04 per share annually in dividends, yielding 2.30%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $2.17 per share, which would be $0.03 better than the year-ago quarter and a $0.07 sequential decrease. The full-year EPS estimate is $9.37, which would be a $0.29 better than last year. 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. With the above information in mind, readers should note that the average price target is $159.29, which is 19.15% above where the stock opened this morning. See more in (NYSE:GD) Similar Articles: Market Update: General Dynamics Corp (NYSE:GD) – General Dynamics Awarded $75 Million by Centers for Medicare & Medicaid Services Market Update: General Dynamics Corp (NYSE:GD) – General Dynamics, Rockwell Collins, Harris Corp awarded $12 bln Pentagon contract Company Update: General Dynamics Corp (NYSE:GD) – General Dynamics Wins Contract to Provide Communications Services to USAFCENT in Southwest and Central Asia
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