General Dynamics (NYSE:GD) Price Target Increased to $285.00 by Analysts at Susquehanna Bancshares

General Dynamics (NYSE:GDGet Rating) had its target price increased by investment analysts at Susquehanna Bancshares from $280.00 to $285.00 in a report issued on Thursday, Stock Target Advisor reports. Susquehanna Bancshares’ price objective points to a potential upside of 18.76% from the company’s current price.

A number of other brokerages also recently weighed in on GD. Susquehanna boosted their price objective on shares of General Dynamics from $280.00 to $285.00 in a research report on Thursday. StockNews.com assumed coverage on General Dynamics in a report on Thursday, March 31st. They set a “buy” rating for the company. Wolfe Research raised General Dynamics from an “underperform” rating to a “peer perform” rating in a report on Friday, January 28th. Morgan Stanley upped their price objective on General Dynamics from $215.00 to $243.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 2nd. Finally, Wells Fargo & Company raised their target price on General Dynamics from $235.00 to $282.00 and gave the company an “overweight” rating in a research note on Monday, March 7th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, General Dynamics presently has a consensus rating of “Buy” and a consensus price target of $238.18.

NYSE:GD opened at $239.98 on Thursday. The company has a market cap of $66.75 billion, a PE ratio of 20.78, a P/E/G ratio of 2.07 and a beta of 1.01. The business’s 50 day moving average is $236.86 and its two-hundred day moving average is $216.38. The company has a quick ratio of 1.05, a current ratio of 1.43 and a debt-to-equity ratio of 0.59. General Dynamics has a 52 week low of $182.66 and a 52 week high of $254.99.

General Dynamics (NYSE:GDGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The aerospace company reported $2.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.48 by $0.13. General Dynamics had a return on equity of 20.35% and a net margin of 8.47%. The firm had revenue of $9.39 billion for the quarter, compared to analysts’ expectations of $9.02 billion. During the same period last year, the business posted $2.48 earnings per share. The firm’s revenue for the quarter was up .0% on a year-over-year basis. As a group, sell-side analysts expect that General Dynamics will post 12.11 EPS for the current fiscal year.

In other news, VP William A. Moss sold 2,391 shares of General Dynamics stock in a transaction on Thursday, March 3rd. The stock was sold at an average price of $237.17, for a total transaction of $567,073.47. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in General Dynamics by 0.3% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,014 shares of the aerospace company’s stock valued at $3,621,000 after purchasing an additional 46 shares during the last quarter. Brown Miller Wealth Management LLC raised its holdings in shares of General Dynamics by 1.0% in the first quarter. Brown Miller Wealth Management LLC now owns 4,643 shares of the aerospace company’s stock valued at $1,120,000 after buying an additional 47 shares during the last quarter. Insight Folios Inc lifted its position in General Dynamics by 3.2% during the 4th quarter. Insight Folios Inc now owns 1,566 shares of the aerospace company’s stock worth $327,000 after buying an additional 48 shares in the last quarter. Bank of Stockton grew its holdings in General Dynamics by 1.4% during the 4th quarter. Bank of Stockton now owns 3,385 shares of the aerospace company’s stock worth $706,000 after acquiring an additional 48 shares during the last quarter. Finally, Auxano Advisors LLC raised its stake in shares of General Dynamics by 3.0% in the fourth quarter. Auxano Advisors LLC now owns 1,671 shares of the aerospace company’s stock worth $348,000 after acquiring an additional 49 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors.

General Dynamics Company Profile (Get Rating)

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 designs, manufactures, and sells business jets; and offers aircraft maintenance and repair, management, charter, aircraft-on-ground support and completion, staffing, and fixed-base operator services.

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