Citigroup Has Lowered Expectations for General Dynamics (NYSE:GD) Stock Price

General Dynamics (NYSE:GD - Get Free Report) had its target price cut by Citigroup from $360.00 to $335.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the aerospace company's stock. Citigroup's target price points to a potential upside of 30.39% from the stock's current price.

Several other research analysts have also recently weighed in on the stock. Vertical Research cut shares of General Dynamics from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $352.00 to $290.00 in a research report on Monday, January 6th. The Goldman Sachs Group reduced their price target on shares of General Dynamics from $245.00 to $241.00 and set a "sell" rating on the stock in a research report on Tuesday, January 28th. Barclays reduced their price target on shares of General Dynamics from $305.00 to $285.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Susquehanna cut their target price on shares of General Dynamics from $315.00 to $300.00 and set a "positive" rating on the stock in a report on Thursday, January 30th. Finally, TD Cowen cut their target price on shares of General Dynamics from $315.00 to $295.00 in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $298.59.

General Dynamics Stock Performance

NYSE GD traded up $0.58 during trading on Monday, hitting $256.92. 1,095,554 shares of the company's stock traded hands, compared to its average volume of 1,642,098. The stock has a market capitalization of $70.65 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 1.61 and a beta of 0.61. General Dynamics has a 12-month low of $247.01 and a 12-month high of $316.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.37. The business has a 50 day moving average of $264.07 and a 200-day moving average of $285.32.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.29 by ($0.14). General Dynamics had a return on equity of 17.10% and a net margin of 7.93%. As a group, equities research analysts anticipate that General Dynamics will post 14.84 earnings per share for the current fiscal year.

General Dynamics announced that its board has initiated a share buyback plan on Wednesday, December 4th that permits the company to buyback 10,000,000 shares. This buyback authorization permits the aerospace company to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at General Dynamics

In other news, VP Christopher J. Brady sold 5,540 shares of General Dynamics stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $280.91, for a total transaction of $1,556,241.40. Following the transaction, the vice president now directly owns 20,296 shares of the company's stock, valued at $5,701,349.36. The trade was a 21.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Laura J. Schumacher sold 1,796 shares of General Dynamics stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $255.68, for a total value of $459,201.28. Following the transaction, the director now directly owns 11,175 shares in the company, valued at approximately $2,857,224. The trade was a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.52% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GD. Koshinski Asset Management Inc. raised its holdings in shares of General Dynamics by 16.9% during the 3rd quarter. Koshinski Asset Management Inc. now owns 6,306 shares of the aerospace company's stock worth $1,906,000 after acquiring an additional 912 shares in the last quarter. Thomasville National Bank grew its position in General Dynamics by 0.7% in the 3rd quarter. Thomasville National Bank now owns 70,144 shares of the aerospace company's stock valued at $21,198,000 after acquiring an additional 507 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in General Dynamics by 6.9% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,018 shares of the aerospace company's stock valued at $1,819,000 after acquiring an additional 389 shares during the last quarter. ORG Wealth Partners LLC bought a new position in General Dynamics in the 3rd quarter valued at $702,000. Finally, Affinity Wealth Management LLC lifted its holdings in shares of General Dynamics by 18.1% in the 3rd quarter. Affinity Wealth Management LLC now owns 856 shares of the aerospace company's stock worth $259,000 after buying an additional 131 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

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.