General Dynamics (NYSE:GD) Receives “Hold” Rating from Deutsche Bank Aktiengesellschaft

General Dynamics (NYSE:GD)‘s stock had its “hold” rating restated by analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Monday, Marketbeat.com reports.

Several other analysts have also recently commented on GD. Barclays lifted their price target on General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a report on Monday, April 15th. JPMorgan Chase & Co. lifted their price target on General Dynamics from $280.00 to $298.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Sanford C. Bernstein boosted their target price on General Dynamics from $290.00 to $302.00 and gave the stock a “market perform” rating in a report on Thursday, May 23rd. StockNews.com cut General Dynamics from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. Finally, Citigroup boosted their target price on General Dynamics from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $311.33.

General Dynamics Trading Up 0.3 %

General Dynamics stock opened at $291.32 on Monday. The stock has a market cap of $80.05 billion, a PE ratio of 23.76, a P/E/G ratio of 1.66 and a beta of 0.60. The stock has a 50-day moving average price of $292.65 and a 200 day moving average price of $282.60. General Dynamics has a 52 week low of $214.53 and a 52 week high of $302.75. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.33.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $3.26 EPS for the quarter, missing analysts’ consensus estimates of $3.30 by ($0.04). The company had revenue of $11.98 billion for the quarter, compared to analysts’ expectations of $11.46 billion. General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.70 EPS. Equities research analysts predict that General Dynamics will post 14.51 earnings per share for the current fiscal year.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, Director Leon Rudy F. De sold 2,570 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $288.00, for a total value of $740,160.00. Following the transaction, the director now directly owns 5,518 shares of the company’s stock, valued at approximately $1,589,184. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Leon Rudy F. De sold 2,570 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $288.00, for a total value of $740,160.00. Following the completion of the sale, the director now directly owns 5,518 shares in the company, valued at approximately $1,589,184. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP William A. Moss sold 21,050 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $294.85, for a total value of $6,206,592.50. Following the completion of the sale, the vice president now owns 16,624 shares of the company’s stock, valued at $4,901,586.40. The disclosure for this sale can be found here. Insiders have sold a total of 55,069 shares of company stock valued at $16,295,101 in the last three months. Corporate insiders own 1.52% of the company’s stock.

Institutional Investors Weigh In On General Dynamics

A number of institutional investors have recently made changes to their positions in the company. Legend Financial Advisors Inc. increased its holdings in shares of General Dynamics by 46.8% in the 1st quarter. Legend Financial Advisors Inc. now owns 113 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 36 shares during the last quarter. Diversified Trust Co grew its stake in General Dynamics by 2.5% during the 1st quarter. Diversified Trust Co now owns 1,503 shares of the aerospace company’s stock worth $425,000 after buying an additional 36 shares during the last quarter. Fulton Bank N.A. grew its stake in General Dynamics by 1.1% during the 1st quarter. Fulton Bank N.A. now owns 3,299 shares of the aerospace company’s stock worth $932,000 after buying an additional 37 shares during the last quarter. Copperwynd Financial LLC grew its stake in General Dynamics by 3.7% during the 4th quarter. Copperwynd Financial LLC now owns 1,056 shares of the aerospace company’s stock worth $274,000 after buying an additional 38 shares during the last quarter. Finally, Woodward Diversified Capital LLC grew its stake in General Dynamics by 2.3% during the 4th quarter. Woodward Diversified Capital LLC now owns 1,727 shares of the aerospace company’s stock worth $448,000 after buying an additional 39 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

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.