General Dynamics (NYSE:GD) Stock Rating Reaffirmed by Robert W. Baird

General Dynamics (NYSE:GD)‘s stock had its “outperform” rating reaffirmed by equities researchers at Robert W. Baird in a research note issued on Tuesday, Benzinga reports. They currently have a $345.00 price objective on the aerospace company’s stock. Robert W. Baird’s price objective would indicate a potential upside of 21.11% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Jefferies Financial Group raised shares of General Dynamics from a “hold” rating to a “buy” rating and increased their target price for the company from $305.00 to $335.00 in a research report on Monday, April 29th. JPMorgan Chase & Co. boosted their target price on shares of General Dynamics from $280.00 to $298.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Barclays increased their price target on General Dynamics from $285.00 to $310.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. StockNews.com downgraded General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 3rd. Finally, Wells Fargo & Company raised their target price on General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $305.56.

General Dynamics Stock Down 0.3 %

Shares of GD opened at $284.87 on Tuesday. The firm has a 50 day simple moving average of $294.07 and a two-hundred day simple moving average of $278.55. The company has a market cap of $78.16 billion, a P/E ratio of 23.24, a P/E/G ratio of 1.65 and a beta of 0.60. General Dynamics has a one year low of $211.94 and a one year high of $302.75. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.87.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, April 24th. The aerospace company reported $2.88 EPS for the quarter, missing analysts’ consensus estimates of $2.89 by ($0.01). General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The firm had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.26 billion. During the same quarter in the previous year, the company posted $2.64 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. Research analysts forecast that General Dynamics will post 14.56 EPS for the current fiscal year.

Insider Transactions at General Dynamics

In other General Dynamics news, CFO Kimberly A. Kuryea sold 13,344 shares of General Dynamics stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the transaction, the chief financial officer now owns 79,255 shares of the company’s stock, valued at approximately $23,630,670.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Kimberly A. Kuryea sold 13,344 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $298.16, for a total transaction of $3,978,647.04. Following the completion of the transaction, the chief financial officer now owns 79,255 shares in the company, valued at $23,630,670.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Gregory S. Gallopoulos sold 13,567 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $288.51, for a total transaction of $3,914,215.17. Following the completion of the transaction, the vice president now owns 103,345 shares in the company, valued at $29,816,065.95. The disclosure for this sale can be found here. Insiders sold a total of 118,486 shares of company stock worth $34,391,642 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On General Dynamics

Several institutional investors have recently bought and sold shares of the company. First International Bank & Trust purchased a new position in General Dynamics in the second quarter valued at approximately $322,000. GAMMA Investing LLC raised its holdings in General Dynamics by 30.9% during the 2nd quarter. GAMMA Investing LLC now owns 3,271 shares of the aerospace company’s stock valued at $949,000 after acquiring an additional 772 shares during the period. Davis Capital Management raised its holdings in General Dynamics by 14.6% during the 2nd quarter. Davis Capital Management now owns 1,668 shares of the aerospace company’s stock valued at $480,000 after acquiring an additional 213 shares during the period. Transcend Capital Advisors LLC raised its holdings in General Dynamics by 4.8% during the 2nd quarter. Transcend Capital Advisors LLC now owns 9,993 shares of the aerospace company’s stock valued at $2,899,000 after acquiring an additional 458 shares during the period. Finally, Bank of New Hampshire raised its holdings in General Dynamics by 4.6% during the 2nd quarter. Bank of New Hampshire now owns 1,802 shares of the aerospace company’s stock valued at $523,000 after acquiring an additional 80 shares during the period. 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.