General Dynamics (NYSE:GD) had its price objective decreased by analysts at Citigroup from $195.00 to $175.00 in a research note issued to investors on Monday. The firm presently has a “neutral” rating on the aerospace company’s stock. Citigroup‘s target price points to a potential upside of 7.40% from the company’s previous close.

Several other research firms have also weighed in on GD. Jefferies Financial Group lowered shares of General Dynamics from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $197.00 to $164.00 in a report on Tuesday, January 8th. Cowen reaffirmed a “buy” rating and set a $253.00 price objective on shares of General Dynamics in a report on Monday, October 15th. Morgan Stanley dropped their price objective on shares of General Dynamics from $209.00 to $189.00 and set an “underweight” rating for the company in a report on Wednesday, November 14th. Credit Suisse Group dropped their price objective on shares of General Dynamics from $229.00 to $216.00 and set an “outperform” rating for the company in a report on Thursday, October 25th. Finally, Robert W. Baird dropped their price objective on shares of General Dynamics from $243.00 to $222.00 and set an “outperform” rating for the company in a report on Thursday, October 25th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $219.26.

Shares of NYSE GD traded down $0.87 during mid-day trading on Monday, hitting $162.94. 180,359 shares of the stock were exchanged, compared to its average volume of 1,350,547. The firm has a market cap of $47.65 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 1.29 and a beta of 1.09. The company has a current ratio of 1.27, a quick ratio of 0.87 and a debt-to-equity ratio of 0.89. General Dynamics has a twelve month low of $143.87 and a twelve month high of $230.00.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Wednesday, October 24th. The aerospace company reported $2.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.76 by $0.13. The company had revenue of $9.09 billion during the quarter, compared to analyst estimates of $9.41 billion. General Dynamics had a net margin of 9.01% and a return on equity of 27.22%. The company’s revenue was up 20.0% on a year-over-year basis. During the same quarter last year, the business posted $2.52 earnings per share. On average, analysts forecast that General Dynamics will post 11.31 earnings per share for the current year.

In other General Dynamics news, Director Catherine B. Reynolds acquired 600 shares of General Dynamics stock in a transaction on Friday, December 7th. The shares were purchased at an average cost of $167.64 per share, with a total value of $100,584.00. Following the completion of the purchase, the director now owns 1,153 shares in the company, valued at $193,288.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark Malcolm acquired 3,000 shares of General Dynamics stock in a transaction on Friday, October 26th. The stock was acquired at an average cost of $169.87 per share, for a total transaction of $509,610.00. Following the completion of the purchase, the director now owns 4,455 shares of the company’s stock, valued at approximately $756,770.85. The disclosure for this purchase can be found here. 6.90% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in GD. United Bank bought a new position in General Dynamics in the second quarter valued at approximately $614,000. OppenheimerFunds Inc. boosted its stake in General Dynamics by 62.6% in the second quarter. OppenheimerFunds Inc. now owns 19,738 shares of the aerospace company’s stock valued at $3,679,000 after acquiring an additional 7,598 shares during the last quarter. Centaurus Financial Inc. bought a new position in shares of General Dynamics during the second quarter worth $464,000. Worldquant Millennium Quantitative Strategies LLC bought a new position in shares of General Dynamics during the second quarter worth $724,000. Finally, Moneta Group Investment Advisors LLC boosted its position in shares of General Dynamics by 52.5% during the second quarter. Moneta Group Investment Advisors LLC now owns 1,005 shares of the aerospace company’s stock worth $187,000 after purchasing an additional 346 shares in the last quarter. 86.36% of the stock is currently owned by hedge funds and other institutional investors.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.

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Analyst Recommendations for General Dynamics (NYSE:GD)

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