General Dynamics (NYSE:GD)‘s stock had its “hold” rating reissued by analysts at Stifel Nicolaus in a research note issued to investors on Tuesday, January 9th. They currently have a $220.00 target price on the aerospace company’s stock. Stifel Nicolaus’ price target would indicate a potential downside of 0.78% from the company’s previous close.
Several other equities research analysts also recently weighed in on the stock. Credit Suisse Group reaffirmed an “outperform” rating and set a $238.00 target price (up from $216.00) on shares of General Dynamics in a research note on Thursday, October 26th. JPMorgan Chase & Co. downgraded shares of General Dynamics from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $225.00 to $215.00 in a research report on Tuesday, December 12th. Zacks Investment Research downgraded shares of General Dynamics from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Royal Bank of Canada set a $239.00 target price on shares of General Dynamics and gave the company a “buy” rating in a research report on Wednesday, November 15th. Finally, Cowen reaffirmed a “buy” rating and issued a $230.00 target price on shares of General Dynamics in a research report on Thursday, October 26th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. General Dynamics presently has a consensus rating of “Hold” and an average target price of $231.94.
General Dynamics (GD) traded down $3.49 during mid-day trading on Tuesday, hitting $221.72. 1,372,793 shares of the stock were exchanged, compared to its average volume of 1,550,000. The stock has a market capitalization of $66,200.00, a PE ratio of 23.22, a P/E/G ratio of 2.35 and a beta of 0.85. General Dynamics has a twelve month low of $180.02 and a twelve month high of $229.54. The company has a quick ratio of 0.99, a current ratio of 1.40 and a debt-to-equity ratio of 0.35.
General Dynamics (NYSE:GD) last posted its earnings results on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.13. General Dynamics had a net margin of 9.40% and a return on equity of 27.22%. The company had revenue of $8.28 billion for the quarter, compared to analyst estimates of $8.40 billion. During the same period in the previous year, the business posted $1.89 EPS. General Dynamics’s revenue was up 8.1% on a year-over-year basis. equities research analysts expect that General Dynamics will post 11.1 earnings per share for the current year.
In other news, VP Gregory S. Gallopoulos sold 78,370 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $202.93, for a total value of $15,903,624.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.70% of the company’s stock.
A number of large investors have recently bought and sold shares of GD. American Century Companies Inc. grew its holdings in shares of General Dynamics by 9,395.8% during the fourth quarter. American Century Companies Inc. now owns 452,570 shares of the aerospace company’s stock worth $92,075,000 after buying an additional 447,804 shares in the last quarter. Columbus Macro LLC purchased a new stake in shares of General Dynamics during the fourth quarter worth about $627,000. Sandy Spring Bank grew its holdings in shares of General Dynamics by 20.8% during the fourth quarter. Sandy Spring Bank now owns 5,036 shares of the aerospace company’s stock worth $1,025,000 after buying an additional 866 shares in the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of General Dynamics by 6.8% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 47,491 shares of the aerospace company’s stock worth $9,662,000 after buying an additional 3,011 shares in the last quarter. Finally, Gator Capital Management LLC purchased a new stake in shares of General Dynamics during the fourth quarter worth about $977,000. Hedge funds and other institutional investors own 86.82% of the company’s stock.
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About General Dynamics
General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.
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