General Dynamics (NYSE:GD – Get Free Report) had its target price dropped by equities researchers at Deutsche Bank Aktiengesellschaft from $309.00 to $306.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the aerospace company’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 4.06% from the company’s current price.
GD has been the subject of a number of other reports. Citigroup lifted their price target on shares of General Dynamics from $331.00 to $354.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Susquehanna raised their price objective on General Dynamics from $333.00 to $352.00 and gave the stock a “positive” rating in a report on Thursday, October 17th. Barclays increased their target price on General Dynamics from $325.00 to $330.00 and gave the stock an “overweight” rating in a research report on Tuesday. Royal Bank of Canada increased their price objective on shares of General Dynamics from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 8th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $323.69.
View Our Latest Report on General Dynamics
General Dynamics Stock Performance
General Dynamics (NYSE:GD – Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The company had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.65 billion. During the same quarter in the prior year, the business earned $3.04 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, analysts expect that General Dynamics will post 13.97 EPS for the current fiscal year.
Insider Buying and Selling
In other news, Director Peter A. Wall sold 1,320 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $308.05, for a total transaction of $406,626.00. Following the transaction, 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 legal filing with the SEC, which is available at this link. Company insiders own 1.52% of the company’s stock.
Institutional Trading of General Dynamics
Institutional investors and hedge funds have recently made changes to their positions in the stock. CWC Advisors LLC. acquired a new position in General Dynamics in the 3rd quarter valued at $771,000. Kingsview Wealth Management LLC increased its stake in shares of General Dynamics by 87.6% in the first quarter. Kingsview Wealth Management LLC now owns 14,690 shares of the aerospace company’s stock worth $4,150,000 after purchasing an additional 6,858 shares during the period. Clearbridge Investments LLC acquired a new position in shares of General Dynamics during the 1st quarter worth about $493,000. Peak Financial Advisors LLC acquired a new stake in General Dynamics in the 3rd quarter valued at approximately $3,022,000. Finally, Cetera Investment Advisers increased its position in General Dynamics by 291.4% in the 1st quarter. Cetera Investment Advisers now owns 96,539 shares of the aerospace company’s stock worth $27,271,000 after buying an additional 71,871 shares during the period. 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.
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