General Dynamics (NYSE:GD) PT Raised to $322.00

General Dynamics (NYSE:GD) had its price objective lifted by investment analysts at Wells Fargo & Company from $317.00 to $322.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the aerospace company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 6.44% from the company’s previous close.

Several other research firms also recently commented on GD. Barclays boosted their price target on shares of General Dynamics from $310.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price target on shares of General Dynamics in a research note on Thursday, July 25th. Seaport Res Ptn lowered shares of General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $345.00 price target on shares of General Dynamics in a research report on Tuesday, July 2nd. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.88.

General Dynamics Trading Up 0.4 %

GD opened at $302.52 on Thursday. The firm has a market capitalization of $83.00 billion, a price-to-earnings ratio of 24.68, a price-to-earnings-growth ratio of 1.67 and a beta of 0.61. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.33 and a quick ratio of 0.80. The company’s 50 day simple moving average is $300.28 and its two-hundred day simple moving average is $294.60. General Dynamics has a 1-year low of $236.58 and a 1-year high of $313.11.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing the consensus estimate of $3.48 by ($0.13). General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The company had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.65 billion. During the same quarter last year, the business posted $3.04 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. Analysts expect that General Dynamics will post 14.38 EPS for the current fiscal year.

Insider Buying and Selling at General Dynamics

In related news, Director Peter A. Wall sold 1,320 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $308.05, for a total value of $406,626.00. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.52% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On General Dynamics

Large investors have recently made changes to their positions in the company. Redmont Wealth Advisors LLC acquired a new position in General Dynamics in the 1st quarter valued at approximately $25,000. MFA Wealth Advisors LLC boosted its holdings in shares of General Dynamics by 241.7% during the 3rd quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock worth $25,000 after buying an additional 58 shares during the period. New Covenant Trust Company N.A. acquired a new position in General Dynamics during the 1st quarter valued at $29,000. American Capital Advisory LLC acquired a new position in General Dynamics during the 2nd quarter valued at $29,000. Finally, Lowe Wealth Advisors LLC acquired a new position in General Dynamics during the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

About General Dynamics

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.