General Dynamics Co. (NYSE:GD) Receives Average Rating of “Moderate Buy” from Analysts

General Dynamics Co. (NYSE:GD) has been assigned a consensus rating of “Moderate Buy” from the eighteen analysts that are covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $323.69.

Several equities analysts recently weighed in on GD shares. Wells Fargo & Company raised their price objective on General Dynamics from $317.00 to $322.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Sanford C. Bernstein cut their price target on General Dynamics from $343.00 to $331.00 and set a “market perform” rating for the company in a research note on Thursday, October 24th. Barclays increased their price objective on shares of General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Citigroup lifted their target price on shares of General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Susquehanna raised their price objective on shares of General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a research note on Thursday, October 17th.

General Dynamics Price Performance

General Dynamics stock opened at $296.78 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80. The business has a 50 day simple moving average of $301.01 and a 200-day simple moving average of $295.29. General Dynamics has a 12 month low of $238.31 and a 12 month high of $313.11. The stock has a market capitalization of $81.61 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 1.75 and a beta of 0.61.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). The business had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. General Dynamics’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.04 EPS. Equities analysts predict that General Dynamics will post 13.97 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Peter A. Wall sold 1,320 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $308.05, for a total value of $406,626.00. Following the completion of the transaction, the director now owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On General Dynamics

Institutional investors have recently made changes to their positions in the company. MFA Wealth Advisors LLC boosted its stake 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 during the period. Hara Capital LLC bought a new position in General Dynamics during the 3rd quarter worth $26,000. New Covenant Trust Company N.A. acquired a new stake in General Dynamics in the first quarter worth $29,000. American Capital Advisory LLC bought a new stake in General Dynamics in the second quarter valued at $29,000. Finally, Lowe Wealth Advisors LLC acquired a new position in shares of General Dynamics during the third quarter valued at $30,000. 86.14% of the stock is currently owned by institutional investors.

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.