General Dynamics Co. (NYSE:GD) Receives $323.69 Average Target Price from Brokerages

Shares of General Dynamics Co. (NYSE:GD) have been assigned an average recommendation of “Moderate Buy” from the eighteen research firms that are presently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $323.69.

A number of research analysts recently weighed in on GD shares. Wells Fargo & Company upped their price objective on General Dynamics from $317.00 to $322.00 and gave the stock an “equal weight” rating in a report on Thursday, October 24th. Morgan Stanley raised shares of General Dynamics from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $293.00 to $345.00 in a report on Friday, August 9th. Citigroup increased their target price on shares of General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Sanford C. Bernstein reduced their price target on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on General Dynamics from $309.00 to $306.00 and set a “hold” rating for the company in a research note on Friday, November 1st.

General Dynamics Stock Up 0.3 %

GD stock opened at $277.33 on Friday. The stock has a market capitalization of $76.26 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 1.67 and a beta of 0.59. The company has a fifty day moving average of $296.98 and a 200-day moving average of $295.29. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32. General Dynamics has a one year low of $247.36 and a one year high of $316.90.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The firm had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.65 billion. During the same quarter in the previous year, the business earned $3.04 EPS. General Dynamics’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, analysts expect that General Dynamics will post 13.98 EPS for the current year.

Insider Activity at General Dynamics

In related news, VP Christopher J. Brady sold 5,540 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $280.91, for a total value of $1,556,241.40. Following the transaction, the vice president now directly owns 20,296 shares of the company’s stock, valued at approximately $5,701,349.36. This trade represents a 21.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Peter A. Wall sold 1,320 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $308.05, for a total value of $406,626.00. Following the sale, the director now directly owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. This trade represents a 26.87 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Institutional Trading of General Dynamics

A number of institutional investors and hedge funds have recently bought and sold shares of GD. MFA Wealth Advisors LLC grew its position in General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 58 shares in the last quarter. Hara Capital LLC acquired a new position in General Dynamics during the 3rd quarter worth $26,000. American Capital Advisory LLC bought a new stake in shares of General Dynamics in the 2nd quarter worth about $29,000. Lowe Wealth Advisors LLC acquired a new stake in shares of General Dynamics in the 3rd quarter valued at about $30,000. Finally, Atlantic Edge Private Wealth Management LLC lifted its position in shares of General Dynamics by 120.0% during the second quarter. Atlantic Edge Private Wealth Management LLC now owns 110 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.