Robert W. Baird Issues Positive Forecast for General Dynamics (NYSE:GD) Stock Price

General Dynamics (NYSE:GD - Get Free Report) had its price target raised by investment analysts at Robert W. Baird from $283.00 to $350.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the aerospace company's stock. Robert W. Baird's price target points to a potential upside of 11.50% from the stock's current price.

Several other equities research analysts have also weighed in on GD. Argus set a $295.00 target price on shares of General Dynamics in a report on Tuesday, May 6th. Citigroup reissued a "buy" rating and set a $348.00 price objective (up previously from $330.00) on shares of General Dynamics in a research report on Monday, July 14th. TD Cowen increased their price objective on shares of General Dynamics from $290.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Wolfe Research raised shares of General Dynamics from a "peer perform" rating to an "outperform" rating and set a $360.00 price objective for the company in a research report on Thursday. Finally, Wells Fargo & Company decreased their target price on shares of General Dynamics from $261.00 to $236.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $312.17.

General Dynamics Trading Down 0.1%

NYSE GD traded down $0.33 during trading hours on Thursday, hitting $313.92. The company's stock had a trading volume of 1,218,137 shares, compared to its average volume of 1,276,632. The stock has a fifty day moving average of $287.67 and a 200 day moving average of $272.15. General Dynamics has a twelve month low of $239.20 and a twelve month high of $322.50. The firm has a market capitalization of $84.44 billion, a P/E ratio of 21.07, a PEG ratio of 2.06 and a beta of 0.46. The company has a quick ratio of 0.82, a current ratio of 1.36 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.27. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The business had revenue of $13.04 billion for the quarter, compared to analyst estimates of $12.13 billion. During the same period in the prior year, the business posted $3.26 earnings per share. General Dynamics's revenue was up 8.9% compared to the same quarter last year. Equities research analysts forecast that General Dynamics will post 14.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other General Dynamics news, CEO Phebe N. Novakovic sold 7,639 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $280.44, for a total transaction of $2,142,281.16. Following the sale, the chief executive officer directly owned 769,607 shares of the company's stock, valued at $215,828,587.08. The trade was a 0.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.50% of the stock is owned by insiders.

Institutional Investors Weigh In On General Dynamics

A number of institutional investors have recently added to or reduced their stakes in the business. Retirement Guys Formula LLC bought a new stake in shares of General Dynamics in the 1st quarter valued at $1,692,000. Advisory Resource Group boosted its stake in shares of General Dynamics by 7.1% in the 1st quarter. Advisory Resource Group now owns 19,200 shares of the aerospace company's stock valued at $5,234,000 after purchasing an additional 1,276 shares during the last quarter. Mission Wealth Management LP boosted its stake in shares of General Dynamics by 18.9% in the 1st quarter. Mission Wealth Management LP now owns 16,144 shares of the aerospace company's stock valued at $4,401,000 after purchasing an additional 2,568 shares during the last quarter. Matrix Asset Advisors Inc. NY lifted its position in shares of General Dynamics by 31.6% during the 1st quarter. Matrix Asset Advisors Inc. NY now owns 33,644 shares of the aerospace company's stock valued at $9,171,000 after acquiring an additional 8,073 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. lifted its position in shares of General Dynamics by 11.5% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 16,522 shares of the aerospace company's stock valued at $4,504,000 after acquiring an additional 1,704 shares during the period. 86.14% of the stock is owned by institutional investors.

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.