Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for General Dynamics (NYSE:GD) Stock Price

General Dynamics (NYSE:GD) had its price objective lowered by analysts at Deutsche Bank Aktiengesellschaft from $309.00 to $306.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “hold” rating on the aerospace company’s stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 4.44% from the stock’s current price.

Several other equities analysts also recently issued reports on GD. Wells Fargo & Company upped their target price on General Dynamics from $317.00 to $322.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Barclays increased their price objective on General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Morgan Stanley upgraded General Dynamics from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $293.00 to $345.00 in a research report on Friday, August 9th. Citigroup raised their price target 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, Royal Bank of Canada upped their price objective on shares of General Dynamics from $320.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $323.69.

General Dynamics Trading Up 0.5 %

Shares of NYSE:GD opened at $292.99 on Friday. 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 firm has a market capitalization of $80.56 billion, a P/E ratio of 22.31, a P/E/G ratio of 1.80 and a beta of 0.61. The business’s 50-day moving average is $300.83 and its 200 day moving average is $295.10. General Dynamics has a 1 year low of $238.31 and a 1 year high of $313.11.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.13). The company 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%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $3.04 earnings per share. On average, research analysts predict that General Dynamics will post 13.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Peter A. Wall sold 1,320 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 3,592 shares in the company, valued at $1,106,515.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.52% of the stock is currently owned by insiders.

Institutional Investors Weigh In On General Dynamics

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MFA Wealth Advisors LLC raised its holdings in shares of General Dynamics by 241.7% during 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 last quarter. Hara Capital LLC purchased a new stake in shares of General Dynamics during the third quarter worth approximately $26,000. New Covenant Trust Company N.A. acquired a new position in General Dynamics in the 1st quarter valued at $29,000. American Capital Advisory LLC purchased a new position in General Dynamics in the 2nd quarter valued at $29,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in General Dynamics during the 3rd quarter worth $30,000. Hedge funds and other institutional investors 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.