Deutsche Bank Aktiengesellschaft Lowers General Dynamics (NYSE:GD) Price Target to $295.00

General Dynamics (NYSE:GD) had its price target cut by equities research analysts at Deutsche Bank Aktiengesellschaft from $303.00 to $295.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “hold” rating on the aerospace company’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 12.01% from the stock’s current price.

Several other brokerages have also recently issued reports on GD. Susquehanna upped their target price on General Dynamics from $333.00 to $352.00 and gave the company a “positive” rating in a report on Thursday, October 17th. The Goldman Sachs Group cut shares of General Dynamics from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $283.00 to $245.00 in a research report on Thursday, December 12th. Barclays boosted their target price on shares of General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. TD Cowen upgraded General Dynamics to a “strong-buy” rating in a report on Tuesday, October 8th. Finally, Seaport Res Ptn lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, General Dynamics presently has a consensus rating of “Moderate Buy” and an average price target of $314.19.

General Dynamics Trading Up 0.9 %

Shares of NYSE:GD opened at $263.37 on Thursday. The business has a 50-day moving average price of $281.16 and a 200-day moving average price of $290.63. The stock has a market cap of $72.42 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 1.63 and a beta of 0.59. General Dynamics has a 52-week low of $247.36 and a 52-week high of $316.90. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 EPS for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The company had revenue of $11.67 billion during the quarter, compared to analysts’ expectations of $11.65 billion. During the same quarter in the previous year, the company earned $3.04 EPS. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. Equities analysts predict that General Dynamics will post 13.87 EPS for the current year.

General Dynamics announced that its Board of Directors has initiated a share buyback program on Wednesday, December 4th that permits the company to buyback 10,000,000 outstanding shares. This buyback authorization permits the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at General Dynamics

In related news, VP Christopher J. Brady sold 5,540 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $280.91, for a total value of $1,556,241.40. Following the completion of the sale, the vice president now directly owns 20,296 shares in the company, valued at approximately $5,701,349.36. The trade was a 21.44 % 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 the SEC website. 1.52% of the stock is currently owned by insiders.

Institutional Trading of General Dynamics

A number of institutional investors have recently modified their holdings of GD. MFA Wealth Advisors LLC raised its position in General Dynamics by 241.7% in the third quarter. MFA Wealth Advisors LLC now owns 82 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 58 shares during the period. Hara Capital LLC acquired a new position in General Dynamics during the 3rd quarter worth approximately $26,000. Lowe Wealth Advisors LLC purchased a new position in General Dynamics in the 3rd quarter worth approximately $30,000. True Wealth Design LLC acquired a new stake in General Dynamics in the third quarter valued at approximately $34,000. Finally, Meeder Asset Management Inc. raised its stake in shares of General Dynamics by 385.2% during the second quarter. Meeder Asset Management Inc. now owns 131 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 104 shares during the period. Hedge funds and other 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.