General Dynamics (NYSE:GD) Price Target Increased to $284.00 by Analysts at The Goldman Sachs Group

General Dynamics (NYSE:GD) had its target price lifted by analysts at The Goldman Sachs Group from $253.00 to $284.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the aerospace company’s stock. The Goldman Sachs Group’s target price indicates a potential downside of 0.17% from the stock’s current price.

Other research analysts have also issued research reports about the stock. UBS Group upped their price target on shares of General Dynamics from $286.00 to $296.00 and gave the company a “neutral” rating in a research note on Monday, January 29th. Barclays upped their price target on shares of General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a research note on Monday. StockNews.com lowered shares of General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 3rd. Citigroup increased their target price on shares of General Dynamics from $283.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, Alembic Global Advisors lowered shares of General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 target price on the stock. in a research report on Monday, January 29th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $283.80.

General Dynamics Stock Down 0.3 %

General Dynamics stock opened at $284.48 on Tuesday. The firm has a market capitalization of $78.05 billion, a PE ratio of 23.67, a P/E/G ratio of 1.81 and a beta of 0.68. The company’s 50-day moving average is $278.37 and its 200-day moving average is $258.85. General Dynamics has a fifty-two week low of $202.35 and a fifty-two week 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.

General Dynamics (NYSE:GD) last announced its quarterly earnings results 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 company had revenue of $11.67 billion during the quarter, compared to analyst estimates of $11.39 billion. During the same quarter last year, the company posted $3.58 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. Sell-side analysts anticipate that General Dynamics will post 14.57 earnings per share for the current year.

Insider Transactions at General Dynamics

In other news, EVP Mark C. Roualet sold 73,330 shares of the company’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 completion of the sale, the executive vice president now owns 149,205 shares of the company’s stock, valued at approximately $39,502,023.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Phebe N. Novakovic sold 32,355 shares of the company’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 transaction of $8,551,750.05. Following the completion of the sale, the chief executive officer now owns 773,977 shares of the company’s stock, valued at approximately $204,569,860.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark C. Roualet sold 73,330 shares of the 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 completion of 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 currently owned by insiders.

Hedge Funds Weigh In On General Dynamics

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. lifted its stake in General Dynamics by 99.3% in the 4th quarter. Pacer Advisors Inc. now owns 29,045 shares of the aerospace company’s stock valued at $7,542,000 after purchasing an additional 14,468 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in General Dynamics in the 3rd quarter valued at approximately $16,077,000. Moreno Evelyn V lifted its stake in General Dynamics by 17.1% in the 3rd quarter. Moreno Evelyn V now owns 27,310 shares of the aerospace company’s stock valued at $6,035,000 after purchasing an additional 3,991 shares during the last quarter. Clough Capital Partners L P bought a new position in General Dynamics in the 3rd quarter valued at approximately $26,868,000. Finally, Victory Capital Management Inc. raised its stake in shares of General Dynamics by 57.7% during the third quarter. Victory Capital Management Inc. now owns 326,121 shares of the aerospace company’s stock valued at $72,063,000 after acquiring an additional 119,264 shares during the last quarter. 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.