General Dynamics Corporation (NYSE:GD) Stock Has Average Price Target of $402.44

by · The Markets Daily

Shares of General Dynamics Corporation (NYSE:GD – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the seventeen analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $408.94.

A number of research analysts have commented on GD shares. UBS Group raised their price target on shares of General Dynamics from $395.00 to $408.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 8th. Sanford C. Bernstein increased their target price on General Dynamics from $365.00 to $386.00 and gave the stock a “market perform” rating in a report on Tuesday, November 3rd. Wells Fargo & Company increased their target price on General Dynamics from $400.00 to $440.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Robert W. Baird set a $430.00 target price on General Dynamics in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada boosted their price target on General Dynamics from $360.00 to $400.00 and gave the company a “sector perform” rating in a research note on Monday, November 2nd.

Get Our Latest Stock Analysis on General Dynamics

Insider Activity

In other news, Director Robert K. Steel sold 7,440 shares of the business’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $346.05, for a total value of $2,574,612.00. Following the sale, the director owned 3,096 shares in the company, valued at approximately $1,071,370.80. The trade was a 70.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Oxford Financial Group LTD. LLC lifted its stake in shares of General Dynamics by 1.9% in the 2nd quarter. Oxford Financial Group LTD. LLC now owns 1,426 shares of the aerospace company’s stock valued at $505,000 after purchasing an additional 26 shares during the period. Willner & Heller LLC grew its stake in General Dynamics by 1.4% during the second quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company’s stock worth $726,000 after purchasing an additional 28 shares during the period. Meriwether Wealth & Planning LLC grew its stake in General Dynamics by 0.8% during the second quarter. Meriwether Wealth & Planning LLC now owns 3,443 shares of the aerospace company’s stock worth $1,220,000 after purchasing an additional 28 shares during the period. Gryphon Financial Partners LLC grew its stake in General Dynamics by 0.9% during the third quarter. Gryphon Financial Partners LLC now owns 3,083 shares of the aerospace company’s stock worth $1,023,000 after purchasing an additional 28 shares during the period. Finally, Capital Advisors Inc. OK increased its holdings in General Dynamics by 0.6% in the second quarter. Capital Advisors Inc. OK now owns 4,551 shares of the aerospace company’s stock worth $1,612,000 after purchasing an additional 29 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Price Performance

Shares of NYSE:GD opened at $353.88 on Friday. The firm has a market capitalization of $95.63 billion, a PE ratio of 20.82, a PEG ratio of 1.99 and a beta of 0.30. The company has a current ratio of 1.43, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. General Dynamics has a 1-year low of $306.77 and a 1-year high of $400.00. The business’s 50 day moving average is $349.76 and its 200-day moving average is $355.05.

General Dynamics (NYSE:GD – Get Free Report) last issued its earnings results on Friday, October 30th. The aerospace company reported $4.49 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $0.37. General Dynamics had a return on equity of 17.60% and a net margin of 8.24%. The business had revenue of $14.57 billion during the quarter, compared to analyst estimates of $13.72 billion. During the same period in the prior year, the company posted $3.88 earnings per share. General Dynamics’s revenue was up 12.9% on a year-over-year basis. Sell-side analysts predict that General Dynamics will post 17.29 earnings per share for the current year.

About General Dynamics

(Get Free Report)

General Dynamics Corporation is an aerospace and defense company that develops and manufactures products and provides services for commercial, government and military customers. Its businesses span aerospace, marine systems, combat systems and defense technologies.

The company makes Gulfstream business jets and provides aircraft services. Its marine systems operations design and build submarines and surface ships, while its combat systems business produces military vehicles, weapons systems and munitions.

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