General Dynamics Corporation (NYSE:GD) Stock Has Average Price Target of $402.44

General Dynamics Corporation (NYSE:GD – Get Free Report) has earned an average rating of “Moderate Buy” from the seventeen brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $408.94.

Several analysts recently weighed in on GD shares. BNP Paribas Exane upped their price target on General Dynamics from $390.00 to $430.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Sanford C. Bernstein lifted their price objective on General Dynamics from $365.00 to $386.00 and gave the company a “market perform” rating in a research note on Tuesday. Wells Fargo & Company boosted their target price on General Dynamics from $400.00 to $440.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. UBS Group increased their target price on General Dynamics from $395.00 to $408.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 8th. Finally, Robert W. Baird set a $430.00 target price on General Dynamics in a research note on Thursday, July 30th.

Check Out Our Latest Analysis on GD

Key Stories Impacting General Dynamics

Here are the key news stories impacting General Dynamics this week:

Insider Transactions at General Dynamics

In related news, Director Robert K. Steel sold 7,440 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $346.05, for a total value of $2,574,612.00. Following the transaction, the director owned 3,096 shares in the company, valued at $1,071,370.80. The trade was a 70.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Whipplewood Advisors LLC increased its position in shares of General Dynamics by 1,725.0% during the 1st quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 69 shares during the last quarter. Wellington Altus USA Inc. boosted its holdings in shares of General Dynamics by 77.8% in the second quarter. Wellington Altus USA Inc. now owns 80 shares of the aerospace company’s stock worth $27,000 after buying an additional 35 shares during the last quarter. Downshift Financial LLC grew its position in General Dynamics by 134.3% during the third quarter. Downshift Financial LLC now owns 82 shares of the aerospace company’s stock valued at $27,000 after buying an additional 47 shares during the period. Morton Brown Family Wealth LLC grew its position in General Dynamics by 182.8% during the third quarter. Morton Brown Family Wealth LLC now owns 82 shares of the aerospace company’s stock valued at $27,000 after buying an additional 53 shares during the period. Finally, Paladin Partners LLC bought a new stake in General Dynamics during the second quarter valued at approximately $30,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Price Performance

Shares of GD opened at $373.57 on Friday. The stock has a market cap of $100.95 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 2.15 and a beta of 0.30. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.43. General Dynamics has a fifty-two week low of $306.77 and a fifty-two week high of $400.00. The firm’s 50-day simple moving average is $351.02 and its two-hundred day simple moving average is $355.15.

General Dynamics (NYSE:GD – Get Free Report) last announced its earnings results on Friday, October 30th. The aerospace company reported $4.49 earnings per share for the quarter, beating analysts’ consensus estimates of $4.12 by $0.37. General Dynamics had a net margin of 8.24% and a return on equity of 17.60%. The business had revenue of $14.57 billion during the quarter, compared to the consensus estimate of $13.72 billion. During the same quarter last year, the firm earned $3.88 earnings per share. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. Analysts anticipate that General Dynamics will post 17.24 earnings per share for the current fiscal year.

About General Dynamics

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General Dynamics Corporation (NYSE: GD) is a global aerospace and defense company that develops, manufactures and supports products and services for government and commercial customers. Its operations serve the U.S. government, allied nations and other customers worldwide, with a significant focus on national security, military modernization and mission support.

The company operates through four primary business areas. Aerospace provides Gulfstream business jets and related aircraft services through Gulfstream Aerospace, as well as aircraft management, charter, maintenance and completions services through Jet Aviation.

Further Reading

Analyst Recommendations for General Dynamics (NYSE:GD)

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