General Dynamics (NYSE:GD) Price Target Raised to $330.00

General Dynamics (NYSE:GD) had its price target hoisted by analysts at Barclays from $325.00 to $330.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the aerospace company’s stock. Barclays‘s target price would suggest a potential upside of 8.58% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the stock. TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. Citigroup raised their price target on General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Robert W. Baird reiterated an “outperform” rating and issued a $345.00 price objective on shares of General Dynamics in a report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft decreased their target price on General Dynamics from $320.00 to $314.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Finally, Royal Bank of Canada lifted their target price on General Dynamics from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and an average price target of $324.19.

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $303.92 on Tuesday. The firm has a market cap of $83.57 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 1.72 and a beta of 0.61. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.33. General Dynamics has a 52 week low of $237.35 and a 52 week high of $313.11. The business’s fifty day simple moving average is $300.57 and its 200-day simple moving average is $294.86.

General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). The company had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.65 billion. General Dynamics had a net margin of 7.89% and a return on equity of 16.74%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company earned $3.04 EPS. Equities analysts forecast that General Dynamics will post 14.27 earnings per share for the current year.

Insider Buying and Selling

In other General Dynamics news, Director Peter A. Wall sold 1,320 shares of General Dynamics stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $308.05, for a total transaction of $406,626.00. Following the completion of the sale, the director now directly owns 3,592 shares of the company’s stock, valued at $1,106,515.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.52% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GD. Redmont Wealth Advisors LLC purchased a new stake in General Dynamics in the first quarter valued at $25,000. MFA Wealth Advisors LLC increased its position 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 worth $25,000 after purchasing an additional 58 shares in the last quarter. New Covenant Trust Company N.A. purchased a new stake in shares of General Dynamics in the 1st quarter valued at about $29,000. American Capital Advisory LLC acquired a new stake in shares of General Dynamics in the 2nd quarter valued at about $29,000. Finally, Lowe Wealth Advisors LLC purchased a new position in General Dynamics during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds 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.