General Dynamics (NYSE:GD) PT Raised to $284.00

General Dynamics (NYSE:GD) had its price objective hoisted by The Goldman Sachs Group from $253.00 to $284.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the aerospace company’s stock. The Goldman Sachs Group’s target price points to a potential downside of 0.17% from the company’s previous close.

GD has been the subject of several other research reports. Royal Bank of Canada increased their target price on shares of General Dynamics from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Susquehanna increased their target price on shares of General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a research note on Friday, April 12th. Citigroup increased their target price on shares of General Dynamics from $283.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. UBS Group increased their target price on shares of General Dynamics from $286.00 to $296.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. Finally, Wells Fargo & Company increased their target price on shares of General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $283.80.

General Dynamics Trading Down 0.3 %

General Dynamics stock opened at $284.48 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.92. The company has a market capitalization of $78.05 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 1.81 and a beta of 0.68. General Dynamics has a one year low of $202.35 and a one year high of $296.50. The company’s fifty day moving average price is $278.37 and its two-hundred day moving average price is $258.85.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, January 24th. The aerospace company reported $3.64 EPS for the quarter, missing the consensus estimate of $3.68 by ($0.04). The business had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.39 billion. General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned $3.58 earnings per share. On average, analysts forecast that General Dynamics will post 14.57 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Mark C. Roualet sold 73,330 shares of General Dynamics stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $264.75, for a total value of $19,414,117.50. Following the completion of the transaction, the executive vice president now owns 149,205 shares in the company, valued at $39,502,023.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Phebe N. Novakovic sold 32,355 shares of General Dynamics stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $264.31, for a total value of $8,551,750.05. Following the completion of the transaction, the chief executive officer now owns 773,977 shares in the company, valued at $204,569,860.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark C. Roualet sold 73,330 shares of General Dynamics stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $264.75, for a total transaction of $19,414,117.50. Following the completion of the transaction, the executive vice president now owns 149,205 shares of the company’s stock, valued at approximately $39,502,023.75. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of General Dynamics

A number of hedge funds and other institutional investors have recently modified their holdings of GD. MeadowBrook Investment Advisors LLC acquired a new stake in shares of General Dynamics in the fourth quarter valued at approximately $25,000. Richardson Financial Services Inc. acquired a new stake in shares of General Dynamics in the fourth quarter valued at approximately $25,000. Certified Advisory Corp acquired a new stake in shares of General Dynamics in the first quarter valued at approximately $25,000. Briaud Financial Planning Inc acquired a new stake in shares of General Dynamics in the third quarter valued at approximately $27,000. Finally, Impact Partnership Wealth LLC increased its holdings in shares of General Dynamics by 411.5% in the third quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 107 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Company Profile

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.