General Dynamics Corp. (NYSE:GD) has been given a consensus rating of “Buy” by the eighteen research firms that are covering the company. Two analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $161.96.
Several research analysts have recently commented on GD shares. Citigroup Inc. boosted their price objective on General Dynamics Corp. from $162.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, September 6th. Vetr raised General Dynamics Corp. from a “hold” rating to a “strong-buy” rating and set a $169.96 price objective for the company in a report on Monday, October 17th. Zacks Investment Research lowered General Dynamics Corp. from a “buy” rating to a “hold” rating in a report on Monday, October 17th. Jefferies Group reissued a “buy” rating on shares of General Dynamics Corp. in a report on Wednesday, August 3rd. Finally, Sanford C. Bernstein raised General Dynamics Corp. from a “market perform” rating to an “outperform” rating and set a $180.00 price objective for the company in a report on Wednesday, August 10th. They noted that the move was a valuation call.
General Dynamics Corp. (NYSE:GD) opened at 172.08 on Wednesday. General Dynamics Corp. has a 12-month low of $121.61 and a 12-month high of $172.23. The firm’s 50-day moving average is $156.87 and its 200 day moving average is $149.06. The company has a market cap of $52.30 billion, a price-to-earnings ratio of 18.42 and a beta of 0.69.
General Dynamics Corp. (NYSE:GD) last posted its earnings results on Wednesday, October 26th. The company reported $2.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.38 by $0.10. The business earned $7.73 billion during the quarter, compared to analyst estimates of $7.91 billion. General Dynamics Corp. had a return on equity of 27.68% and a net margin of 9.45%. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.28 EPS. On average, equities analysts expect that General Dynamics Corp. will post $9.77 earnings per share for the current fiscal year.
In related news, VP Kimberly A. Kuryea sold 4,117 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $154.56, for a total transaction of $636,323.52. Following the completion of the transaction, the vice president now owns 36,412 shares in the company, valued at $5,627,838.72. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Robert W. Helm sold 87,790 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $150.91, for a total value of $13,248,388.90. Following the transaction, the insider now owns 157,176 shares of the company’s stock, valued at approximately $23,719,430.16. The disclosure for this sale can be found here. 6.80% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in the stock. Waters Parkerson & CO. LLC acquired a new position in shares of General Dynamics Corp. during the second quarter worth approximately $355,000. Bridgeway Capital Management Inc. boosted its stake in shares of General Dynamics Corp. by 9.1% in the second quarter. Bridgeway Capital Management Inc. now owns 185,159 shares of the company’s stock valued at $25,782,000 after buying an additional 15,500 shares during the last quarter. RS Investment Management Co. LLC purchased a new stake in shares of General Dynamics Corp. during the second quarter valued at $23,540,000. Polaris Greystone Financial Group LLC purchased a new stake in shares of General Dynamics Corp. during the second quarter valued at $13,381,000. Finally, Foundry Partners LLC boosted its stake in shares of General Dynamics Corp. by 9.0% in the third quarter. Foundry Partners LLC now owns 94,102 shares of the company’s stock valued at $14,601,000 after buying an additional 7,786 shares during the last quarter. Institutional investors own 88.38% of the company’s stock.