Analyst Opinion Summary: Dollar General Corporation (DG), The Southern Company (SO)
- Author: Zachary Reyes Feb 11, 2017,
Feb 11, 2017, 18:00
(NYSE:GD) during the third quarter, according to its most recent Form 13F filing with the SEC.
Vale S.A.'s growth estimate for the current quarter is 115.7, and -29.4 percent for the next quarter. Davidson Investment Advisors' holdings in General Dynamics Corp. were worth $548,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of DG. Shares have dropped -5.52% over the trailing 6 months. Huntington National Bank now owns 2,895 shares of the company's stock worth $272,000 after buying an additional 2,868 shares during the last quarter. Moody Lynn & Lieberson LLC now owns 15,887 shares of the company's stock worth $1,493,000 after buying an additional 1,050 shares during the last quarter. The business's revenue for the quarter was up 5.0% compared to the same quarter a year ago. Additionally, DG had a day price range of $75.29 to $78.39. Third Point LLC increased its position in General Dynamics Corporation by 280.2% in the third quarter. Compagnie Lombard Odier SCmA now owns 920 shares of the company's stock valued at $128,000 after buying an additional 820 shares during the last quarter. The Market Capitalization of the company stands at 54.76 Billion. The company's institutional ownership is monitored at 96.9 percent. (NYSE:GD) traded up 1.03% during mid-day trading on Thursday, hitting $177.81. Given that its average daily volume over the 30 days has been 3.12 million shares a day, this signifies a pretty significant change over the norm. The firm has a 50-day moving average price of $73.34 and a 200 day moving average price of $76.22. General Dynamics Corporation had a return on equity of 27.92% and a net margin of 9.42%. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/02/10/general-cable-corporation-bgc-announces-quarterly-earnings-results.html. For the past 5 years, the company's revenue has grown 0%, while the company's earnings per share has grown 1.9%. General Dynamics Corporation makes up approx 0.17% of Sentry Investment Management's portfolio.Burney Co boosted its stake in GD in the latest quarter, The investment management firm added 126 additional shares and now holds a total of 24,006 shares of General Dynamics Corporation which is valued at $4,394,058.
While looking at the Stock's Performance, General Dynamics Corporation now shows a Weekly Performance of 1.24%, where Monthly Performance is 3.98%, Quarterly performance is 19.25%, 6 Months performance is 21.67% and yearly performance percentage is 40.1%.
Looking ahead to the next fiscal quarter, Wall Street analysts are expecting earnings per share of 2.29 for the period closing on 2017-03-31. Out of all the 16 analysts that researched Dollar General Corporation, the best estimate pegs its stock price reaching a high of $98 within the coming year whereas the lowest estimate for the same period is $70.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 10th.
The stock is now trading at a distance of -0.91% from SMA-20. This represents a $3.04 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Wednesday, January 18th. The company's P/E is 18.54 and Forward P/E ratio is 17.26. Robert W. Baird reaffirmed an "outperform" rating and issued a $215.00 price objective on shares of General Dynamics Corporation in a research note on Friday, January 20th. Finally, Sanford C. Bernstein started coverage on shares of Dollar General Corp.in a report on Monday. They issued an "outperform" rating and a $206.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock.
Taking note of where the stock might be headed in terms of value, analysts have a consensus price target of $198.363 on the shares.
In related news, insider John Patrick Casey sold 69,895 shares of the company's stock in a transaction on Monday, December 5th. The shares were sold at an average price of $77.32, for a total transaction of $492,992.32. Following the completion of the sale, the vice president now directly owns 146,534 shares in the company, valued at $26,374,654.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.80% of the company's stock.
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