Barclays Raises General Dynamics (NYSE:GD) Price Target to $310.00

General Dynamics (NYSE:GD - Get Free Report) had its price target lifted by analysts at Barclays from $285.00 to $310.00 in a report issued on Monday, Benzinga reports. The firm currently has an "overweight" rating on the aerospace company's stock. Barclays's price target would indicate a potential upside of 8.89% from the stock's previous close.

Other analysts also recently issued research reports about the stock. Alembic Global Advisors downgraded shares of General Dynamics from an "overweight" rating to a "neutral" rating and set a $296.00 price target on the stock. in a report on Monday, January 29th. UBS Group upped their price objective on shares of General Dynamics from $286.00 to $296.00 and gave the company a "neutral" rating in a research note on Monday, January 29th. Susquehanna upped their price objective on shares of General Dynamics from $301.00 to $333.00 and gave the company a "positive" rating in a research note on Friday. Citigroup upped their price objective on shares of General Dynamics from $283.00 to $300.00 and gave the company a "buy" rating in a research note on Thursday, January 25th. Finally, Wells Fargo & Company upped their price objective on shares of General Dynamics from $291.00 to $322.00 and gave the company an "overweight" rating in a research note on Thursday, April 4th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $283.79.

General Dynamics Price Performance

GD traded down $3.19 on Monday, hitting $284.68. 976,521 shares of the company were exchanged, compared to its average volume of 1,074,553. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.44. The business's fifty day moving average is $277.72 and its 200 day moving average is $258.21. General Dynamics has a fifty-two week low of $202.35 and a fifty-two week high of $296.50. The firm has a market capitalization of $78.11 billion, a P/E ratio of 23.68, a price-to-earnings-growth ratio of 1.83 and a beta of 0.68.

General Dynamics (NYSE:GD - Get Free Report) last issued its earnings results on Wednesday, January 24th. The aerospace company reported $3.64 earnings per share for the quarter, missing the consensus estimate of $3.68 by ($0.04). General Dynamics had a return on equity of 16.61% and a net margin of 7.84%. The company had revenue of $11.67 billion for the quarter, compared to analyst estimates of $11.39 billion. During the same quarter in the previous year, the company posted $3.58 earnings per share. The company's quarterly revenue was up 7.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that General Dynamics will post 14.57 EPS for the current year.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $264.75, for a total transaction of $19,414,117.50. Following the transaction, the executive vice president now directly owns 149,205 shares in the company, valued at approximately $39,502,023.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other General Dynamics news, EVP Mark C. Roualet sold 73,330 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $264.75, for a total transaction of $19,414,117.50. Following the transaction, the executive vice president now directly owns 149,205 shares in the company, valued at approximately $39,502,023.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Phebe N. Novakovic sold 32,355 shares of the firm's stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $264.31, for a total transaction of $8,551,750.05. Following the completion of the transaction, the chief executive officer now owns 773,977 shares in the company, valued at $204,569,860.87. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GD. Norges Bank bought a new stake in General Dynamics in the 4th quarter valued at about $728,284,000. Wellington Management Group LLP lifted its position in General Dynamics by 12.0% in the 3rd quarter. Wellington Management Group LLP now owns 16,360,526 shares of the aerospace company's stock valued at $3,615,185,000 after purchasing an additional 1,755,276 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in General Dynamics by 484.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,749,729 shares of the aerospace company's stock valued at $399,306,000 after purchasing an additional 1,450,213 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its position in General Dynamics by 91,832.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,386,337 shares of the aerospace company's stock valued at $343,964,000 after purchasing an additional 1,384,829 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in General Dynamics by 10,763.2% in the 4th quarter. International Assets Investment Management LLC now owns 923,593 shares of the aerospace company's stock valued at $239,829,000 after purchasing an additional 915,091 shares during the last quarter. 86.14% of the stock is currently owned by 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.