General Dynamics (NYSE:GD) PT Raised to $333.00

General Dynamics (NYSE:GD) had its price objective boosted by equities research analysts at Susquehanna from $301.00 to $333.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “positive” rating on the aerospace company’s stock. Susquehanna’s target price suggests a potential upside of 15.68% from the stock’s current price.

GD has been the topic of several other research reports. UBS Group increased their target price on General Dynamics from $286.00 to $296.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. Wells Fargo & Company increased their target price on General Dynamics from $291.00 to $322.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Citigroup increased their target price on General Dynamics from $283.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Royal Bank of Canada increased their target price on General Dynamics from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Finally, StockNews.com lowered General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 3rd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, General Dynamics presently has an average rating of “Moderate Buy” and a consensus target price of $281.77.

General Dynamics Price Performance

General Dynamics stock opened at $287.87 on Friday. The business’s 50-day simple moving average is $277.33 and its 200 day simple moving average is $257.52. The stock has a market cap of $78.98 billion, a price-to-earnings ratio of 23.95, a P/E/G ratio of 1.83 and a beta of 0.68. General Dynamics has a 12-month low of $202.35 and a 12-month high of $296.50. The company has a quick ratio of 0.92, a current ratio of 1.44 and a debt-to-equity ratio of 0.41.

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

Insider Buying and Selling at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $264.31, for a total value of $8,551,750.05. Following the sale, the chief executive officer now owns 773,977 shares in the company, valued at approximately $204,569,860.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other General Dynamics news, CEO Phebe N. Novakovic sold 32,355 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $264.31, for a total value of $8,551,750.05. Following the sale, the chief executive officer now owns 773,977 shares in the company, valued at approximately $204,569,860.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark C. Roualet sold 73,330 shares of the business’s 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 sale, the executive vice president now owns 149,205 shares in the company, valued at approximately $39,502,023.75. The disclosure for this sale can be found here. Company insiders own 1.52% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. MeadowBrook Investment Advisors LLC acquired a new position in shares of General Dynamics during the 4th quarter worth approximately $25,000. Richardson Financial Services Inc. acquired a new position in shares of General Dynamics during the 4th quarter worth approximately $25,000. Certified Advisory Corp acquired a new position in shares of General Dynamics during the 1st quarter worth approximately $25,000. Financial Synergies Wealth Advisors Inc. acquired a new position in shares of General Dynamics during the 1st quarter worth approximately $29,000. Finally, Live Oak Investment Partners acquired a new position in shares of General Dynamics during the 4th quarter worth approximately $30,000. 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.