General Dynamics (NYSE:GD) Rating Increased to Buy at Deutsche Bank Aktiengesellschaft

General Dynamics (NYSE:GD - Get Free Report) was upgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a report released on Tuesday, Marketbeat Ratings reports. The brokerage presently has a $342.00 target price on the aerospace company's stock, up from their prior target price of $298.00. Deutsche Bank Aktiengesellschaft's price target suggests a potential upside of 15.19% from the company's current price.

A number of other equities analysts have also weighed in on the company. Cowen reaffirmed a "buy" rating on shares of General Dynamics in a research note on Wednesday, June 25th. TD Cowen increased their price target on General Dynamics from $290.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Argus set a $295.00 price target on General Dynamics in a research note on Tuesday, May 6th. Wells Fargo & Company dropped their price target on General Dynamics from $261.00 to $236.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Finally, TD Securities increased their price target on General Dynamics from $275.00 to $290.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, General Dynamics has a consensus rating of "Hold" and an average target price of $293.00.

General Dynamics Price Performance

Shares of NYSE GD traded up $2.26 during mid-day trading on Tuesday, reaching $296.91. The company's stock had a trading volume of 1,427,188 shares, compared to its average volume of 1,395,877. The firm has a market capitalization of $79.69 billion, a PE ratio of 20.59, a P/E/G ratio of 1.98 and a beta of 0.46. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.34 and a quick ratio of 0.82. The stock has a fifty day moving average of $279.22 and a two-hundred day moving average of $268.37. General Dynamics has a 52 week low of $239.20 and a 52 week high of $316.90.

General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The aerospace company reported $3.66 earnings per share for the quarter, topping analysts' consensus estimates of $3.43 by $0.23. The firm had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.92 billion. General Dynamics had a return on equity of 17.82% and a net margin of 8.08%. The business's quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.88 earnings per share. As a group, sell-side analysts anticipate that General Dynamics will post 14.83 EPS for the current fiscal year.

Insider Buying and Selling at General Dynamics

In other news, CEO Phebe N. Novakovic sold 7,639 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $280.44, for a total value of $2,142,281.16. Following the sale, the chief executive officer directly owned 769,607 shares in the company, valued at approximately $215,828,587.08. This represents a 0.98% 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. Insiders own 1.50% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GD. GAMMA Investing LLC grew its stake in General Dynamics by 34,578.2% in the first quarter. GAMMA Investing LLC now owns 1,244,600 shares of the aerospace company's stock worth $339,253,000 after purchasing an additional 1,241,011 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new position in General Dynamics in the fourth quarter worth approximately $279,582,000. Nuveen LLC bought a new position in General Dynamics in the first quarter worth approximately $272,464,000. Ameriprise Financial Inc. grew its stake in General Dynamics by 34.8% in the first quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company's stock worth $749,252,000 after purchasing an additional 709,782 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in General Dynamics by 3.1% in the fourth 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 in the last quarter. Institutional investors 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.