General Dynamics Corp. (NYSE:GD) has been assigned an average recommendation of “Buy” from the eighteen analysts that are presently covering the firm. Two analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $161.96.

A number of equities analysts have recently commented on GD shares. Jefferies Group reissued a “buy” rating and issued a $175.00 target price (up previously from $167.00) on shares of General Dynamics Corp. in a research note on Friday, October 28th. Citigroup Inc. raised their target price on shares of General Dynamics Corp. from $162.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, September 6th. Deutsche Bank AG reissued a “hold” rating on shares of General Dynamics Corp. in a research note on Tuesday, October 18th. Vetr downgraded shares of General Dynamics Corp. from a “strong-buy” rating to a “buy” rating and set a $168.30 price target on the stock. in a research note on Monday, November 7th. Finally, Zacks Investment Research downgraded shares of General Dynamics Corp. from a “buy” rating to a “hold” rating in a research note on Monday, October 17th.

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General Dynamics Corp. (NYSE:GD) opened at 172.08 on Wednesday. The firm has a market cap of $52.30 billion, a P/E ratio of 18.42 and a beta of 0.69. General Dynamics Corp. has a 1-year low of $121.61 and a 1-year high of $172.23. The firm has a 50-day moving average of $156.87 and a 200 day moving average of $149.06.

General Dynamics Corp. (NYSE:GD) last issued its earnings results on Wednesday, October 26th. The company reported $2.48 EPS for the quarter, beating the Zacks’ consensus estimate of $2.38 by $0.10. General Dynamics Corp. had a net margin of 9.45% and a return on equity of 27.68%. The business had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $7.91 billion. During the same quarter last year, the firm posted $2.28 EPS. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, analysts predict that General Dynamics Corp. will post $9.77 EPS for the current year.

In related news, insider Robert W. Helm sold 87,790 shares of General Dynamics Corp. stock in a transaction dated 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 sale, the insider now directly owns 157,176 shares in the company, valued at approximately $23,719,430.16. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Kimberly A. Kuryea sold 4,117 shares of General Dynamics Corp. stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $154.56, for a total transaction of $636,323.52. Following the completion of the sale, the vice president now owns 36,412 shares in the company, valued at $5,627,838.72. The disclosure for this sale can be found here. 6.80% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of GD. WFG Advisors LP increased its stake in shares of General Dynamics Corp. by 0.3% in the second quarter. WFG Advisors LP now owns 753 shares of the company’s stock valued at $105,000 after buying an additional 2 shares in the last quarter. Alpha Windward LLC increased its stake in shares of General Dynamics Corp. by 0.3% in the third quarter. Alpha Windward LLC now owns 1,936 shares of the company’s stock valued at $300,000 after buying an additional 6 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of General Dynamics Corp. by 0.6% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,021 shares of the company’s stock valued at $158,000 after buying an additional 6 shares in the last quarter. Sunbelt Securities Inc. increased its stake in shares of General Dynamics Corp. by 0.5% in the second quarter. Sunbelt Securities Inc. now owns 1,375 shares of the company’s stock valued at $191,000 after buying an additional 7 shares in the last quarter. Finally, Shelton Capital Management increased its stake in shares of General Dynamics Corp. by 0.3% in the second quarter. Shelton Capital Management now owns 3,650 shares of the company’s stock valued at $508,000 after buying an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 87.01% of the company’s stock.

General Dynamics Corp. Company Profile

General Dynamics Corporation is an aerospace and defense company that offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions and information technology (IT) services, and shipbuilding.

5 Day Chart for NYSE:GD

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