General Dynamics (NYSE:GD) PT Set at $260.00 by Cowen

General Dynamics (NYSE:GDGet Rating) received a $260.00 price objective from research analysts at Cowen in a research report issued to clients and investors on Tuesday, Stock Target Advisor reports. Cowen’s target price suggests a potential upside of 19.97% from the stock’s current price.

GD has been the topic of several other reports. Susquehanna Bancshares lifted their price target on General Dynamics from $280.00 to $285.00 in a research report on Thursday, April 28th. Susquehanna raised their price objective on General Dynamics from $280.00 to $285.00 in a research note on Thursday, April 28th. Finally, StockNews.com assumed coverage on General Dynamics in a research note on Thursday, March 31st. They set a “buy” rating for the company. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $246.75.

General Dynamics Stock Up 1.0 %

Shares of GD stock opened at $216.72 on Tuesday. General Dynamics has a 1 year low of $185.06 and a 1 year high of $254.99. The stock has a market cap of $60.18 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 1.76 and a beta of 0.90. The business’s fifty day moving average is $220.66 and its 200-day moving average is $225.09. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.48.

General Dynamics (NYSE:GDGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The aerospace company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.12. General Dynamics had a return on equity of 19.67% and a net margin of 8.52%. The company had revenue of $9.39 billion for the quarter, compared to analysts’ expectations of $9.02 billion. During the same period last year, the firm earned $2.48 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. Equities analysts expect that General Dynamics will post 12.12 earnings per share for the current fiscal year.

Insider Transactions at General Dynamics

In other news, VP Gregory S. Gallopoulos sold 10,644 shares of the firm’s stock in a transaction on Friday, April 29th. The stock was sold at an average price of $237.93, for a total value of $2,532,526.92. Following the completion of the sale, the vice president now owns 124,605 shares of the company’s stock, valued at $29,647,267.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.50% of the stock is currently owned by insiders.

Institutional Trading of General Dynamics

Hedge funds and other institutional investors have recently modified their holdings of the company. Certified Advisory Corp purchased a new stake in shares of General Dynamics during the first quarter worth $25,000. Costello Asset Management INC purchased a new stake in shares of General Dynamics during the fourth quarter worth $26,000. Dixon Hughes Goodman Wealth Advisors LLC purchased a new stake in shares of General Dynamics during the fourth quarter worth $29,000. Wagner Wealth Management LLC raised its holdings in shares of General Dynamics by 71.6% during the fourth quarter. Wagner Wealth Management LLC now owns 139 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 58 shares in the last quarter. Finally, Tyler Stone Wealth Management purchased a new stake in shares of General Dynamics during the fourth quarter worth $31,000. 85.84% of the stock is currently owned by hedge funds and other institutional investors.

About General Dynamics

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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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