General Dynamics (GD) Research Coverage Started at Susquehanna Bancshares

Equities research analysts at Susquehanna Bancshares began coverage on shares of General Dynamics (NYSE:GD) in a report issued on Thursday, Marketbeat.com reports. The brokerage set a “neutral” rating and a $175.00 price target on the aerospace company’s stock. Susquehanna Bancshares’ price objective indicates a potential upside of 6.83% from the company’s previous close.

Several other equities research analysts have also recently weighed in on GD. Cowen reiterated a “buy” rating and set a $253.00 price target on shares of General Dynamics in a research report on Monday, October 15th. Credit Suisse Group decreased their price target on General Dynamics from $229.00 to $216.00 and set an “outperform” rating on the stock in a research report on Thursday, October 25th. Wells Fargo & Co decreased their price target on General Dynamics from $250.00 to $210.00 and set an “outperform” rating on the stock in a research report on Thursday, October 25th. Barclays decreased their price target on General Dynamics from $256.00 to $210.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 4th. Finally, Morgan Stanley decreased their price target on General Dynamics from $209.00 to $189.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 14th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $220.32.

General Dynamics stock traded up $1.38 during midday trading on Thursday, reaching $163.81. The stock had a trading volume of 1,239,173 shares, compared to its average volume of 1,350,547. General Dynamics has a 12 month low of $143.87 and a 12 month high of $230.00. The stock has a market capitalization of $47.65 billion, a P/E ratio of 16.46, a P/E/G ratio of 1.29 and a beta of 1.09. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.87 and a current ratio of 1.27.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, October 24th. The aerospace company reported $2.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.76 by $0.13. General Dynamics had a return on equity of 27.22% and a net margin of 9.01%. The business had revenue of $9.09 billion for the quarter, compared to analysts’ expectations of $9.41 billion. During the same period in the previous year, the business posted $2.52 EPS. The firm’s quarterly revenue was up 20.0% compared to the same quarter last year. Equities research analysts forecast that General Dynamics will post 11.31 EPS for the current fiscal year.

In other news, Director Mark Malcolm bought 3,000 shares of the business’s stock in a transaction on Friday, October 26th. The stock was acquired at an average price of $169.87 per share, with a total value of $509,610.00. Following the completion of the purchase, the director now directly owns 4,455 shares in the company, valued at $756,770.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Patrick Casey sold 22,500 shares of the company’s stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $193.28, for a total value of $4,348,800.00. Following the completion of the sale, the insider now directly owns 118,555 shares of the company’s stock, valued at approximately $22,914,310.40. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Edge Wealth Management LLC boosted its stake in shares of General Dynamics by 73.0% during the fourth quarter. Edge Wealth Management LLC now owns 59,034 shares of the aerospace company’s stock valued at $9,281,000 after purchasing an additional 24,909 shares during the period. Carroll Financial Associates Inc. boosted its stake in shares of General Dynamics by 11.9% during the fourth quarter. Carroll Financial Associates Inc. now owns 1,228 shares of the aerospace company’s stock valued at $194,000 after purchasing an additional 131 shares during the period. Mitchell Mcleod Pugh & Williams Inc. boosted its stake in shares of General Dynamics by 5.6% during the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 4,747 shares of the aerospace company’s stock valued at $746,000 after purchasing an additional 250 shares during the period. United Capital Management of KS Inc. raised its holdings in shares of General Dynamics by 5.2% during the fourth quarter. United Capital Management of KS Inc. now owns 3,359 shares of the aerospace company’s stock valued at $528,000 after acquiring an additional 166 shares in the last quarter. Finally, USS Investment Management Ltd raised its holdings in shares of General Dynamics by 0.6% during the fourth quarter. USS Investment Management Ltd now owns 143,200 shares of the aerospace company’s stock valued at $22,511,000 after acquiring an additional 800 shares in the last quarter. 86.36% of the stock is owned by institutional investors and hedge funds.

General Dynamics Company Profile

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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