General Dynamics Co. (GD) Receives $215.98 Consensus Target Price from Analysts

General Dynamics Co. (NYSE:GD) has been given a consensus recommendation of “Hold” by the eighteen ratings firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $217.44.

Several analysts have issued reports on GD shares. BidaskClub downgraded General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Morgan Stanley started coverage on General Dynamics in a report on Tuesday, August 8th. They set an “underweight” rating and a $185.00 price objective on the stock. Jefferies Group LLC restated a “buy” rating on shares of General Dynamics in a report on Friday, August 11th. Citigroup Inc. reiterated a “neutral” rating and issued a $210.00 target price (up previously from $207.00) on shares of General Dynamics in a report on Friday, August 11th. Finally, Zacks Investment Research downgraded General Dynamics from a “buy” rating to a “hold” rating in a report on Friday, October 27th.

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In related news, insider John Patrick Casey sold 34,945 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $201.38, for a total value of $7,037,224.10. Following the completion of the sale, the insider now owns 144,378 shares of the company’s stock, valued at approximately $29,074,841.64. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Gregory S. Gallopoulos sold 78,370 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $202.93, for a total value of $15,903,624.10. The disclosure for this sale can be found here. Insiders own 6.70% of the company’s stock.

A number of institutional investors have recently made changes to their positions in GD. Quadrant Capital Group LLC boosted its position in General Dynamics by 6.1% during the second quarter. Quadrant Capital Group LLC now owns 645 shares of the aerospace company’s stock worth $110,000 after purchasing an additional 37 shares during the period. Vantage Investment Advisors LLC boosted its position in General Dynamics by 9.3% during the second quarter. Vantage Investment Advisors LLC now owns 585 shares of the aerospace company’s stock worth $116,000 after purchasing an additional 50 shares during the period. Captrust Financial Advisors bought a new stake in General Dynamics during the second quarter worth approximately $129,000. WFG Advisors LP boosted its position in General Dynamics by 0.3% during the second quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock worth $132,000 after purchasing an additional 2 shares during the period. Finally, Zions Bancorporation boosted its position in General Dynamics by 0.5% during the first quarter. Zions Bancorporation now owns 732 shares of the aerospace company’s stock worth $137,000 after purchasing an additional 4 shares during the period. 85.79% of the stock is owned by hedge funds and other institutional investors.

Shares of General Dynamics (NYSE GD) traded down $1.45 during midday trading on Monday, reaching $197.77. 762,499 shares of the company’s stock were exchanged, compared to its average volume of 1,149,349. General Dynamics has a 52 week low of $164.97 and a 52 week high of $214.81. The company has a quick ratio of 0.93, a current ratio of 1.37 and a debt-to-equity ratio of 0.34. The firm has a market cap of $59,480.00, a P/E ratio of 19.88, a price-to-earnings-growth ratio of 2.40 and a beta of 0.73.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.09. General Dynamics had a net margin of 9.94% and a return on equity of 27.98%. The company had revenue of $7.58 billion during the quarter, compared to the consensus estimate of $7.94 billion. During the same period in the prior year, the company earned $2.36 EPS. General Dynamics’s revenue was down 1.0% on a year-over-year basis. sell-side analysts anticipate that General Dynamics will post 9.81 EPS for the current year.

General Dynamics Company Profile

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

Analyst Recommendations for General Dynamics (NYSE:GD)

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