General Dynamics (NYSE:GD) Given Outperform Rating at Robert W. Baird

General Dynamics (NYSE:GD)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Robert W. Baird in a research report issued on Tuesday, Benzinga reports. They currently have a $345.00 price objective on the aerospace company’s stock. Robert W. Baird’s target price points to a potential upside of 21.30% from the stock’s current price.

GD has been the topic of a number of other research reports. StockNews.com downgraded General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Wells Fargo & Company lifted their price target on shares of General Dynamics from $291.00 to $322.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. JPMorgan Chase & Co. upped their target price on shares of General Dynamics from $280.00 to $298.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Sanford C. Bernstein increased their price target on shares of General Dynamics from $290.00 to $302.00 and gave the stock a “market perform” rating in a research note on Thursday, May 23rd. Finally, Susquehanna increased their price target on shares of General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a report on Friday, April 12th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, General Dynamics presently has an average rating of “Moderate Buy” and a consensus target price of $305.56.

General Dynamics Stock Down 1.2 %

Shares of GD traded down $3.45 during midday trading on Tuesday, reaching $284.42. 438,337 shares of the stock were exchanged, compared to its average volume of 1,053,104. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. The company has a market cap of $78.03 billion, a price-to-earnings ratio of 23.23, a P/E/G ratio of 1.65 and a beta of 0.60. The firm has a 50 day simple moving average of $294.27 and a 200-day simple moving average of $278.06. General Dynamics has a 12-month low of $211.94 and a 12-month high of $302.75.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share for the quarter, missing the consensus estimate of $2.89 by ($0.01). The firm had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.26 billion. General Dynamics had a return on equity of 16.48% and a net margin of 7.85%. General Dynamics’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.64 EPS. Research analysts forecast that General Dynamics will post 14.55 EPS for the current year.

Insider Activity at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 49,850 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $284.50, for a total transaction of $14,182,325.00. Following the completion of the transaction, the chief executive officer now directly owns 768,977 shares in the company, valued at $218,773,956.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Kimberly A. Kuryea sold 13,344 shares of General Dynamics stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $298.16, for a total value of $3,978,647.04. Following the sale, the chief financial officer now owns 79,255 shares of the company’s stock, valued at approximately $23,630,670.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Phebe N. Novakovic sold 49,850 shares of General Dynamics stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $284.50, for a total value of $14,182,325.00. Following the completion of the sale, the chief executive officer now directly owns 768,977 shares in the company, valued at approximately $218,773,956.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 118,486 shares of company stock worth $34,391,642. 1.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On General Dynamics

A number of institutional investors have recently modified their holdings of the business. MeadowBrook Investment Advisors LLC bought a new stake in shares of General Dynamics during the 4th quarter valued at about $25,000. Richardson Financial Services Inc. purchased a new stake in shares of General Dynamics during the fourth quarter valued at approximately $25,000. Redmont Wealth Advisors LLC bought a new position in General Dynamics during the first quarter valued at $25,000. Financial Synergies Wealth Advisors Inc. bought a new position in General Dynamics during the first quarter valued at $29,000. Finally, New Covenant Trust Company N.A. bought a new position in shares of General Dynamics in the first quarter worth $29,000. Institutional investors and hedge funds 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.