General Dynamics (NYSE:GD)‘s stock had its “hold” rating restated by stock analysts at Stifel Nicolaus in a research report issued on Tuesday, January 9th. They currently have a $220.00 price target on the aerospace company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 4.47% from the stock’s current price.
A number of other equities research analysts have also issued reports on the stock. Credit Suisse Group restated an “outperform” rating and set a $238.00 price target (up previously from $216.00) on shares of General Dynamics in a report on Thursday, October 26th. JPMorgan Chase & Co. downgraded shares of General Dynamics from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $225.00 to $215.00 in a research report on Tuesday, December 12th. Zacks Investment Research downgraded shares of General Dynamics from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Royal Bank of Canada set a $239.00 price objective on shares of General Dynamics and gave the company a “buy” rating in a research report on Wednesday, November 15th. Finally, Cowen reaffirmed a “buy” rating and set a $230.00 price objective on shares of General Dynamics in a research report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $218.92.
Shares of General Dynamics (NYSE:GD) opened at $210.59 on Tuesday. General Dynamics has a 1-year low of $172.43 and a 1-year high of $214.81. The company has a current ratio of 1.37, a quick ratio of 0.93 and a debt-to-equity ratio of 0.34. The stock has a market cap of $62,880.00, a P/E ratio of 20.91, a PEG ratio of 2.27 and a beta of 0.72.
In related news, VP Gregory S. Gallopoulos sold 78,370 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $202.93, for a total transaction of $15,903,624.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John Patrick Casey sold 34,945 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $201.38, for a total transaction of $7,037,224.10. Following the transaction, the insider now owns 144,378 shares of the company’s stock, valued at $29,074,841.64. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. ETRADE Capital Management LLC raised its stake in shares of General Dynamics by 38.0% in the 3rd quarter. ETRADE Capital Management LLC now owns 2,337 shares of the aerospace company’s stock valued at $481,000 after buying an additional 643 shares in the last quarter. Brightworth acquired a new position in shares of General Dynamics in the 3rd quarter valued at $5,882,000. Park National Corp OH raised its stake in shares of General Dynamics by 7.6% in the 3rd quarter. Park National Corp OH now owns 45,986 shares of the aerospace company’s stock valued at $9,454,000 after buying an additional 3,234 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new position in shares of General Dynamics in the 2nd quarter valued at $2,218,000. Finally, Amalgamated Bank raised its stake in shares of General Dynamics by 1.8% in the 3rd quarter. Amalgamated Bank now owns 30,733 shares of the aerospace company’s stock valued at $6,318,000 after buying an additional 549 shares in the last quarter. Hedge funds and other institutional investors own 86.76% of the company’s stock.
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About General Dynamics
General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.
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