UBS Group Issues Positive Forecast for General Dynamics (NYSE:GD) Stock Price

General Dynamics (NYSE:GD - Get Free Report) had its target price hoisted by equities researchers at UBS Group from $309.00 to $333.00 in a report released on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the aerospace company's stock. UBS Group's target price suggests a potential upside of 5.80% from the stock's previous close.

A number of other equities research analysts have also commented on the company. Argus set a $295.00 price target on General Dynamics in a research report on Tuesday, May 6th. Morgan Stanley cut their price target on General Dynamics from $305.00 to $300.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. TD Cowen raised their price objective on General Dynamics from $290.00 to $300.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Cowen reaffirmed a "buy" rating on shares of General Dynamics in a research note on Wednesday, June 25th. Finally, Deutsche Bank Aktiengesellschaft raised General Dynamics from a "hold" rating to a "buy" rating and raised their price objective for the stock from $298.00 to $342.00 in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $312.17.

General Dynamics Stock Down 0.7%

Shares of NYSE GD traded down $2.21 during mid-day trading on Thursday, reaching $314.74. The company had a trading volume of 871,062 shares, compared to its average volume of 1,494,282. The stock has a fifty day moving average of $286.29 and a two-hundred day moving average of $271.39. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.82 and a current ratio of 1.34. The company has a market capitalization of $84.47 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 1.98 and a beta of 0.46. General Dynamics has a 12-month low of $239.20 and a 12-month high of $322.50.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, beating the consensus estimate of $3.47 by $0.27. The business had revenue of $13.04 billion during the quarter, compared to analysts' expectations of $12.13 billion. General Dynamics had a return on equity of 17.82% and a net margin of 8.08%. The firm's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.26 EPS. As a group, equities research analysts expect that General Dynamics will post 14.83 EPS for the current year.

Insider Buying and Selling at General Dynamics

In related news, CEO Phebe N. Novakovic sold 7,639 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $280.44, for a total value of $2,142,281.16. Following the sale, the chief executive officer owned 769,607 shares in the company, valued at $215,828,587.08. This represents a 0.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GD. Rialto Wealth Management LLC boosted its position in shares of General Dynamics by 213.8% during the first quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock worth $25,000 after acquiring an additional 62 shares during the last quarter. Inlight Wealth Management LLC bought a new position in shares of General Dynamics during the first quarter worth $26,000. Smallwood Wealth Investment Management LLC bought a new position in shares of General Dynamics during the first quarter worth $27,000. Copia Wealth Management bought a new position in shares of General Dynamics during the fourth quarter worth $27,000. Finally, Hoey Investments Inc. bought a new position in General Dynamics during the fourth quarter valued at $28,000. 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.

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