TD Cowen Issues Pessimistic Forecast for General Dynamics (NYSE:GD) Stock Price

General Dynamics (NYSE:GD - Get Free Report) had its target price lowered by analysts at TD Cowen from $315.00 to $295.00 in a research note issued on Tuesday. TD Cowen's price objective points to a potential upside of 14.71% from the company's current price.

GD has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of General Dynamics from $303.00 to $295.00 and set a "hold" rating on the stock in a research note on Thursday, January 2nd. Susquehanna dropped their price target on General Dynamics from $330.00 to $315.00 and set a "positive" rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird reaffirmed a "neutral" rating and set a $283.00 price objective (down previously from $345.00) on shares of General Dynamics in a research report on Tuesday, January 14th. Wells Fargo & Company dropped their target price on General Dynamics from $295.00 to $279.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 8th. Finally, Jefferies Financial Group restated a "hold" rating and set a $300.00 price target (down from $345.00) on shares of General Dynamics in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $301.24.

General Dynamics Trading Up 0.1 %

NYSE:GD traded up $0.24 during trading hours on Tuesday, hitting $257.17. The company had a trading volume of 1,902,744 shares, compared to its average volume of 1,565,744. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.32 and a quick ratio of 0.80. The stock has a 50-day moving average price of $267.05 and a 200 day moving average price of $286.83. The company has a market capitalization of $70.71 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 1.34 and a beta of 0.61. General Dynamics has a 52 week low of $247.01 and a 52 week high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last announced its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share for the quarter, missing analysts' consensus estimates of $4.29 by ($0.14). General Dynamics had a net margin of 7.93% and a return on equity of 17.08%. On average, equities research analysts predict that General Dynamics will post 15.92 EPS for the current fiscal year.

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

Insider Buying and Selling

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 transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.52% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC lifted its position in General Dynamics by 14.9% during the fourth quarter. Global Retirement Partners LLC now owns 2,125 shares of the aerospace company's stock valued at $560,000 after purchasing an additional 276 shares in the last quarter. Atlas Legacy Advisors LLC purchased a new position in shares of General Dynamics during the 4th quarter valued at about $550,000. Bank of Jackson Hole Trust bought a new position in shares of General Dynamics during the 4th quarter valued at approximately $916,000. Mcdonald Partners LLC grew its stake in shares of General Dynamics by 6.8% during the 4th quarter. Mcdonald Partners LLC now owns 5,542 shares of the aerospace company's stock valued at $1,460,000 after acquiring an additional 351 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund raised its stake in General Dynamics by 55.2% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 11,849 shares of the aerospace company's stock worth $3,122,000 after acquiring an additional 4,214 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.