General Dynamics (NYSE:GD) PT Raised to $298.00 at JPMorgan Chase & Co.

General Dynamics (NYSE:GD) had its target price hoisted by investment analysts at JPMorgan Chase & Co. from $280.00 to $298.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 4.78% from the stock’s previous close.

GD has been the topic of a number of other reports. Citigroup lifted their price objective on General Dynamics from $283.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Alembic Global Advisors downgraded General Dynamics from an “overweight” rating to a “neutral” rating and set a $296.00 price objective on the stock. in a report on Monday, January 29th. Susquehanna lifted their price objective on General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a report on Friday, April 12th. The Goldman Sachs Group lifted their price objective on General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Finally, Barclays lifted their target price on shares of General Dynamics from $285.00 to $310.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $285.63.

General Dynamics Stock Down 0.2 %

GD stock opened at $284.41 on Thursday. General Dynamics has a twelve month low of $202.35 and a twelve month high of $296.50. The company has a market cap of $78.03 billion, a PE ratio of 23.20, a price-to-earnings-growth ratio of 1.81 and a beta of 0.68. The business’s 50-day simple moving average is $280.86 and its 200 day simple moving average is $261.71. The company has a quick ratio of 0.92, a current ratio of 1.44 and a debt-to-equity ratio of 0.41.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, April 24th. The aerospace company reported $2.88 earnings per share for the quarter, missing analysts’ consensus estimates 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%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business earned $2.64 earnings per share. On average, research analysts anticipate that General Dynamics will post 14.56 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Phebe N. Novakovic sold 32,355 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $264.31, for a total value of $8,551,750.05. Following the completion of the transaction, the chief executive officer now owns 773,977 shares in the company, valued at approximately $204,569,860.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.52% of the stock is currently owned by corporate insiders.

Institutional Trading of General Dynamics

Several institutional investors and hedge funds have recently made changes to their positions in GD. MeadowBrook Investment Advisors LLC bought a new stake in shares of General Dynamics during the 4th quarter valued at $25,000. Richardson Financial Services Inc. bought a new stake in shares of General Dynamics during the 4th quarter valued at $25,000. Redmont Wealth Advisors LLC bought a new stake in shares of General Dynamics during the 1st quarter valued at $25,000. Briaud Financial Planning Inc acquired a new position in shares of General Dynamics in the 3rd quarter valued at $27,000. Finally, Impact Partnership Wealth LLC grew its holdings in shares of General Dynamics by 411.5% in the 3rd quarter. Impact Partnership Wealth LLC now owns 133 shares of the aerospace company’s stock valued at $29,000 after buying an additional 107 shares during the period. 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.