General Dynamics’ (GD) “Neutral” Rating Reiterated at Robert W. Baird

General Dynamics (NYSE:GD)‘s stock had its “neutral” rating reiterated by stock analysts at Robert W. Baird in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. They currently have a $283.00 price target on the aerospace company’s stock, down from their prior price target of $345.00. Robert W. Baird’s price target indicates a potential upside of 6.43% from the stock’s current price.

Several other equities analysts have also recently weighed in on GD. Barclays cut their price objective on General Dynamics from $330.00 to $305.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Wolfe Research lowered General Dynamics from an “outperform” rating to a “peer perform” rating in a report on Wednesday, December 11th. Sanford C. Bernstein lowered their price objective on shares of General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. Royal Bank of Canada cut shares of General Dynamics from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $330.00 to $290.00 in a research note on Thursday, December 19th. Finally, Susquehanna decreased their price target on shares of General Dynamics from $330.00 to $315.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $304.53.

General Dynamics Trading Up 0.3 %

Shares of GD stock opened at $265.89 on Tuesday. The business’s 50 day moving average is $275.30 and its two-hundred day moving average is $288.61. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32. General Dynamics has a 12 month low of $247.36 and a 12 month high of $316.90. The company has a market cap of $73.11 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.62 and a beta of 0.61.

General Dynamics (NYSE:GD) last posted its 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). The firm had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.65 billion. General Dynamics had a net margin of 7.90% and a return on equity of 16.59%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.04 earnings per share. Equities analysts predict that General Dynamics will post 13.84 EPS for the current year.

General Dynamics declared that its board has approved a share buyback plan on Wednesday, December 4th that permits the company to repurchase 10,000,000 outstanding shares. This repurchase authorization permits the aerospace company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other General Dynamics news, VP Christopher J. Brady sold 5,540 shares of General Dynamics stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $280.91, for a total value of $1,556,241.40. Following the completion of the transaction, the vice president now owns 20,296 shares in the company, valued at approximately $5,701,349.36. The trade was a 21.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.52% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Wealth Advisors LLC boosted its position in General Dynamics by 67.6% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 8,546 shares of the aerospace company’s stock valued at $2,583,000 after buying an additional 3,448 shares during the last quarter. Olstein Capital Management L.P. lifted its stake in shares of General Dynamics by 36.4% during the third quarter. Olstein Capital Management L.P. now owns 15,000 shares of the aerospace company’s stock valued at $4,533,000 after acquiring an additional 4,000 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in General Dynamics by 10.0% in the third quarter. Oppenheimer & Co. Inc. now owns 37,074 shares of the aerospace company’s stock valued at $11,204,000 after acquiring an additional 3,363 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in General Dynamics by 69.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 261,992 shares of the aerospace company’s stock worth $69,032,000 after purchasing an additional 107,095 shares during the period. Finally, Lummis Asset Management LP raised its holdings in General Dynamics by 32.6% during the 3rd quarter. Lummis Asset Management LP now owns 10,368 shares of the aerospace company’s stock worth $3,133,000 after purchasing an additional 2,551 shares during the last quarter. 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.