Susquehanna Issues Positive Forecast for General Dynamics (NYSE:GD) Stock Price

General Dynamics (NYSE:GD) had its target price boosted by investment analysts at Susquehanna from $300.00 to $315.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “positive” rating on the aerospace company’s stock. Susquehanna’s price objective would indicate a potential upside of 15.11% from the company’s current price.

Other research analysts have also issued reports about the company. BTIG Research lowered General Dynamics from a “buy” rating to a “neutral” rating in a report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of General Dynamics from $303.00 to $295.00 and set a “hold” rating on the stock in a research note on Thursday, January 2nd. TD Cowen cut their price objective on shares of General Dynamics from $315.00 to $295.00 in a research report on Tuesday, January 28th. Barclays lowered their target price on General Dynamics from $305.00 to $285.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. decreased their price objective on General Dynamics from $307.00 to $284.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $298.59.

General Dynamics Stock Down 0.2 %

GD traded down $0.49 during trading on Wednesday, reaching $273.66. 147,289 shares of the stock were exchanged, compared to its average volume of 1,667,684. The stock has a market cap of $73.98 billion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 1.69 and a beta of 0.59. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. The stock’s 50 day moving average price is $258.90 and its two-hundred day moving average price is $276.19. General Dynamics has a twelve month low of $239.87 and a twelve month high of $316.90.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.14). General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. Equities analysts expect that General Dynamics will post 14.83 EPS for the current year.

General Dynamics announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 4th that allows the company to buyback 10,000,000 shares. This buyback authorization allows the aerospace company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $272.11, for a total value of $7,499,895.82. Following the completion of the transaction, the senior vice president now directly owns 45,192 shares in the company, valued at approximately $12,297,195.12. This trade represents a 37.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Laura J. Schumacher sold 1,796 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $255.68, for a total value of $459,201.28. Following the sale, the director now owns 11,175 shares in the company, valued at approximately $2,857,224. This trade represents a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.52% of the company’s stock.

Hedge Funds Weigh In On General Dynamics

Several large investors have recently modified their holdings of GD. Empowered Funds LLC raised its position in General Dynamics by 15.3% during the 4th quarter. Empowered Funds LLC now owns 9,689 shares of the aerospace company’s stock worth $2,553,000 after purchasing an additional 1,283 shares during the last quarter. Kentucky Trust Co acquired a new stake in shares of General Dynamics in the fourth quarter valued at about $607,000. Hickory Point Bank & Trust bought a new position in shares of General Dynamics during the fourth quarter worth about $692,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of General Dynamics by 69.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 261,992 shares of the aerospace company’s stock worth $69,032,000 after acquiring an additional 107,095 shares during the period. Finally, Atlas Legacy Advisors LLC bought a new stake in General Dynamics in the fourth quarter valued at approximately $550,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Company Profile

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.