Susquehanna Increases General Dynamics (NYSE:GD) Price Target to $352.00

General Dynamics (NYSE:GD) had its price target raised by equities researchers at Susquehanna from $333.00 to $352.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “positive” rating on the aerospace company’s stock. Susquehanna’s target price would suggest a potential upside of 14.88% from the company’s previous close.

A number of other brokerages have also commented on GD. BTIG Research started coverage on General Dynamics in a report on Wednesday, June 26th. They issued a “buy” rating and a $345.00 price target on the stock. TD Cowen raised shares of General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 target price on shares of General Dynamics in a research report on Thursday, July 25th. Wells Fargo & Company downgraded shares of General Dynamics from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $334.00 to $317.00 in a research note on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on General Dynamics from $320.00 to $314.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $320.18.

General Dynamics Stock Up 0.5 %

NYSE GD traded up $1.53 during trading hours on Thursday, reaching $306.40. 185,419 shares of the company’s stock were exchanged, compared to its average volume of 1,086,143. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.80 and a current ratio of 1.33. The company has a market capitalization of $84.07 billion, a price-to-earnings ratio of 25.00, a price-to-earnings-growth ratio of 1.67 and a beta of 0.61. The company’s 50-day moving average is $298.68 and its two-hundred day moving average is $294.04. General Dynamics has a one year low of $232.29 and a one year high of $309.97.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.30 by ($0.04). The company had revenue of $11.98 billion for the quarter, compared to the consensus estimate of $11.46 billion. General Dynamics had a return on equity of 16.74% and a net margin of 7.89%. The firm’s revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.70 EPS. On average, analysts forecast that General Dynamics will post 14.38 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Peter A. Wall sold 1,320 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $308.05, for a total transaction of $406,626.00. Following the completion of the sale, the director now owns 3,592 shares of the company’s stock, valued at $1,106,515.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.52% of the stock is owned by company insiders.

Institutional Trading of General Dynamics

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Redmont Wealth Advisors LLC acquired a new position in General Dynamics during the 1st quarter worth approximately $25,000. Financial Synergies Wealth Advisors Inc. acquired a new stake in shares of General Dynamics during the 1st quarter valued at $29,000. New Covenant Trust Company N.A. bought a new stake in General Dynamics during the 1st quarter worth $29,000. American Capital Advisory LLC acquired a new position in General Dynamics in the 2nd quarter worth about $29,000. Finally, Lowe Wealth Advisors LLC bought a new position in General Dynamics in the third quarter valued at about $30,000. Institutional investors own 86.14% of the company’s stock.

About General Dynamics

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.