General Dynamics Corporation (NYSE:GD)‘s stock had its “buy” rating restated by stock analysts at Cowen and Company in a research note issued to investors on Monday. They currently have a $210.00 price objective on the aerospace company’s stock. Cowen and Company’s price objective suggests a potential upside of 4.40% from the company’s previous close.

Several other analysts also recently weighed in on GD. Vetr raised shares of General Dynamics Corporation from a “sell” rating to a “hold” rating and set a $183.78 price target for the company in a research note on Tuesday, March 21st. Zacks Investment Research downgraded shares of General Dynamics Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, March 29th. Jefferies Group LLC reaffirmed a “buy” rating and set a $200.00 price target on shares of General Dynamics Corporation in a research note on Tuesday, April 18th. Royal Bank Of Canada lifted their price target on shares of General Dynamics Corporation from $211.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. Finally, Stifel Nicolaus lifted their price target on shares of General Dynamics Corporation from $173.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $204.72.

General Dynamics Corporation (NYSE:GD) traded down 0.57% on Monday, reaching $200.00. The company’s stock had a trading volume of 279,673 shares. General Dynamics Corporation has a one year low of $140.87 and a one year high of $205.17. The company has a market capitalization of $60.35 billion, a PE ratio of 20.06 and a beta of 0.72. The firm has a 50-day moving average of $199.65 and a 200-day moving average of $188.69.

General Dynamics Corporation (NYSE:GD) last announced its earnings results on Wednesday, April 26th. The aerospace company reported $2.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $0.16. General Dynamics Corporation had a return on equity of 28.22% and a net margin of 9.66%. The business had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.70 billion. During the same quarter in the previous year, the business earned $2.08 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. Analysts predict that General Dynamics Corporation will post $9.81 EPS for the current year.

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In other news, Director Lester L. Lyles sold 2,551 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $196.01, for a total value of $500,021.51. Following the completion of the transaction, the director now directly owns 7,336 shares in the company, valued at $1,437,929.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher Marzilli sold 43,890 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $201.37, for a total transaction of $8,838,129.30. Following the completion of the transaction, the vice president now owns 107,857 shares of the company’s stock, valued at $21,719,164.09. The disclosure for this sale can be found here. Insiders own 6.70% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Quadrant Capital Group LLC boosted its stake in General Dynamics Corporation by 0.7% in the first quarter. Quadrant Capital Group LLC now owns 608 shares of the aerospace company’s stock valued at $108,000 after buying an additional 4 shares in the last quarter. Zions Bancorporation boosted its stake in shares of General Dynamics Corporation by 0.5% in the first quarter. Zions Bancorporation now owns 732 shares of the aerospace company’s stock worth $137,000 after buying an additional 4 shares during the period. Savant Capital LLC boosted its stake in shares of General Dynamics Corporation by 0.4% in the first quarter. Savant Capital LLC now owns 1,815 shares of the aerospace company’s stock worth $340,000 after buying an additional 7 shares during the period. Guardian Life Insurance Co. of America boosted its stake in shares of General Dynamics Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,104 shares of the aerospace company’s stock worth $207,000 after buying an additional 8 shares during the period. Finally, Aviance Capital Management LLC boosted its stake in shares of General Dynamics Corporation by 0.3% in the first quarter. Aviance Capital Management LLC now owns 3,695 shares of the aerospace company’s stock worth $692,000 after buying an additional 10 shares during the period. 86.79% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Corporation Company Profile

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

Analyst Recommendations for General Dynamics Corporation (NYSE:GD)

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