General Dynamics Co. (NYSE:GD) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of General Dynamics Co. (NYSE:GD) have earned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $323.69.

A number of equities research analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of General Dynamics from $331.00 to $354.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of General Dynamics from $309.00 to $306.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Seaport Res Ptn lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Morgan Stanley upgraded General Dynamics from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $293.00 to $345.00 in a report on Friday, August 9th. Finally, Wells Fargo & Company raised their target price on General Dynamics from $317.00 to $322.00 and gave the company an “equal weight” rating in a report on Thursday, October 24th.

Insider Buying and Selling

In other news, Director Peter A. Wall sold 1,320 shares of the company’s stock in a transaction dated 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 owns 3,592 shares of the company’s stock, valued at approximately $1,106,515.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On General Dynamics

Large investors have recently bought and sold shares of the business. CWC Advisors LLC. acquired a new stake in General Dynamics in the 3rd quarter valued at about $771,000. Kingsview Wealth Management LLC lifted its holdings in General Dynamics by 87.6% during the 1st quarter. Kingsview Wealth Management LLC now owns 14,690 shares of the aerospace company’s stock worth $4,150,000 after buying an additional 6,858 shares in the last quarter. Clearbridge Investments LLC bought a new position in General Dynamics in the 1st quarter valued at $493,000. Peak Financial Advisors LLC acquired a new stake in shares of General Dynamics in the 3rd quarter valued at $3,022,000. Finally, Cetera Investment Advisers raised its position in shares of General Dynamics by 291.4% during the first quarter. Cetera Investment Advisers now owns 96,539 shares of the aerospace company’s stock worth $27,271,000 after acquiring an additional 71,871 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Price Performance

Shares of NYSE GD opened at $296.78 on Wednesday. General Dynamics has a fifty-two week low of $238.31 and a fifty-two week high of $313.11. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. The stock has a market cap of $81.61 billion, a P/E ratio of 22.60, a P/E/G ratio of 1.75 and a beta of 0.61. The firm’s 50-day simple moving average is $301.01 and its 200 day simple moving average is $295.29.

General Dynamics (NYSE:GD) last released its earnings results 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 business had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the company earned $3.04 earnings per share. Equities analysts expect that General Dynamics will post 13.97 EPS for the current year.

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.