General Dynamics (NYSE:GD) PT Raised to $310.00 at Barclays

General Dynamics (NYSE:GD) had its price target increased by stock analysts at Barclays from $285.00 to $310.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the aerospace company’s stock. Barclays‘s price objective would indicate a potential upside of 8.69% from the company’s current price.

A number of other research analysts have also weighed in on GD. Citigroup raised their price objective on shares of General Dynamics from $283.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Susquehanna lifted their price target on General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a research note on Friday, April 12th. Royal Bank of Canada increased their price objective on General Dynamics from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company upped their price target on General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Finally, StockNews.com cut General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 3rd. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $283.80.

General Dynamics Stock Performance

Shares of GD opened at $285.21 on Monday. The stock has a 50-day moving average of $278.07 and a 200-day moving average of $258.67. General Dynamics has a one year low of $202.35 and a one year high of $296.50. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 0.92. The company has a market cap of $78.25 billion, a PE ratio of 23.73, a P/E/G ratio of 1.83 and a beta of 0.68.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $3.64 EPS for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). General Dynamics had a net margin of 7.84% and a return on equity of 16.61%. The firm had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.39 billion. During the same period last year, the business posted $3.58 EPS. The company’s revenue was up 7.5% on a year-over-year basis. On average, equities research analysts predict that General Dynamics will post 14.57 EPS for the current fiscal year.

Insider Transactions at General Dynamics

In related news, CEO Phebe N. Novakovic sold 32,355 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $264.31, for a total value of $8,551,750.05. Following the completion of the transaction, the chief executive officer now directly owns 773,977 shares of the company’s stock, valued at approximately $204,569,860.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Phebe N. Novakovic sold 32,355 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $264.31, for a total value of $8,551,750.05. Following the sale, the chief executive officer now directly owns 773,977 shares of the company’s stock, valued at $204,569,860.87. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark C. Roualet sold 73,330 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $264.75, for a total transaction of $19,414,117.50. Following the transaction, the executive vice president now directly owns 149,205 shares of the company’s stock, valued at approximately $39,502,023.75. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of General Dynamics

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new stake in General Dynamics during the fourth quarter valued at approximately $728,284,000. Wellington Management Group LLP raised its stake in shares of General Dynamics by 12.0% during the third quarter. Wellington Management Group LLP now owns 16,360,526 shares of the aerospace company’s stock worth $3,615,185,000 after acquiring an additional 1,755,276 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in General Dynamics by 484.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,749,729 shares of the aerospace company’s stock worth $399,306,000 after purchasing an additional 1,450,213 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in shares of General Dynamics by 91,832.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,386,337 shares of the aerospace company’s stock valued at $343,964,000 after acquiring an additional 1,384,829 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in General Dynamics by 10,763.2% during the 4th quarter. International Assets Investment Management LLC now owns 923,593 shares of the aerospace company’s stock worth $239,829,000 after acquiring an additional 915,091 shares during the last quarter. Hedge funds and other institutional investors 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.