General Dynamics (NYSE:GD) Given New $315.00 Price Target at Susquehanna

General Dynamics (NYSE:GD - Get Free Report) had its price target raised by Susquehanna from $300.00 to $315.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a "positive" rating on the aerospace company's stock. Susquehanna's target price indicates a potential upside of 26.03% from the company's current price.

Other equities analysts also recently issued research reports about the company. Barclays dropped their price target on General Dynamics from $305.00 to $285.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Wells Fargo & Company lifted their price objective on General Dynamics from $244.00 to $261.00 and gave the stock an "equal weight" rating in a research report on Friday, March 7th. William Blair lowered shares of General Dynamics from an "outperform" rating to a "market perform" rating in a report on Friday, February 21st. Wolfe Research cut shares of General Dynamics from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, December 11th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $300.00 price objective (down previously from $345.00) on shares of General Dynamics in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $298.59.

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General Dynamics Price Performance

Shares of GD stock traded down $19.68 during mid-day trading on Wednesday, reaching $249.94. The stock had a trading volume of 3,232,146 shares, compared to its average volume of 1,323,365. General Dynamics has a 12-month low of $239.87 and a 12-month high of $316.90. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 0.33. The business has a 50-day simple moving average of $258.75 and a 200 day simple moving average of $275.74. The company has a market cap of $67.08 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43.

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 (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%. On average, sell-side analysts anticipate that General Dynamics will post 14.83 earnings per share for the current year.

Insider Transactions at General Dynamics

In other news, SVP Marguerite Amy Gilliland sold 27,562 shares of General Dynamics stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $272.11, for a total transaction of $7,499,895.82. Following the sale, the senior vice president now owns 45,192 shares in the company, valued at $12,297,195.12. This trade represents a 37.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Laura J. Schumacher sold 1,796 shares of the company's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $255.68, for a total transaction of $459,201.28. Following the completion of the transaction, the director now owns 11,175 shares of the company's stock, valued at $2,857,224. This trade represents a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.52% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Castlekeep Investment Advisors LLC purchased a new position in shares of General Dynamics during the 4th quarter valued at approximately $279,582,000. State Street Corp boosted its stake in General Dynamics by 9.4% during the 3rd quarter. State Street Corp now owns 10,945,110 shares of the aerospace company's stock valued at $3,307,612,000 after acquiring an additional 943,247 shares during the last quarter. Raymond James Financial Inc. acquired a new position in General Dynamics during the 4th quarter worth $197,238,000. Vanguard Group Inc. increased its position in shares of General Dynamics by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 23,780,078 shares of the aerospace company's stock worth $6,265,813,000 after purchasing an additional 706,317 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of General Dynamics by 13.0% in the 3rd quarter. Geode Capital Management LLC now owns 5,557,404 shares of the aerospace company's stock valued at $1,674,998,000 after purchasing an additional 638,342 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

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.