General Dynamics (NYSE:GD) Given New $300.00 Price Target at Susquehanna

General Dynamics (NYSE:GD) had its price target decreased by research analysts at Susquehanna from $315.00 to $300.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “positive” rating on the aerospace company’s stock. Susquehanna’s price objective suggests a potential upside of 16.66% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Citigroup upped their target price on shares of General Dynamics from $354.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Robert W. Baird restated a “neutral” rating and issued a $283.00 target price (down from $345.00) on shares of General Dynamics in a research note on Tuesday, January 14th. Vertical Research downgraded shares of General Dynamics from a “buy” rating to a “hold” rating and decreased their target price for the company from $352.00 to $290.00 in a research note on Monday, January 6th. TD Cowen decreased their target price on shares of General Dynamics from $315.00 to $295.00 in a research note on Tuesday. Finally, Jefferies Financial Group restated a “hold” rating and issued a $300.00 target price (down from $345.00) on shares of General Dynamics in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $301.24.

General Dynamics Price Performance

General Dynamics stock opened at $257.17 on Thursday. General Dynamics has a 52-week low of $247.01 and a 52-week high of $316.90. The firm has a fifty day moving average of $267.54 and a 200-day moving average of $287.02. The firm has a market capitalization of $70.71 billion, a P/E ratio of 18.85, a PEG ratio of 1.34 and a beta of 0.61. The company has a quick ratio of 0.80, a current ratio of 1.32 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, January 29th. The aerospace company reported $4.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.29 by ($0.14). General Dynamics had a return on equity of 17.08% and a net margin of 7.93%. As a group, analysts predict that General Dynamics will post 15.92 EPS for the current year.

General Dynamics declared that its board has approved a stock buyback plan on Wednesday, December 4th that allows the company to repurchase 10,000,000 shares. This repurchase authorization allows the aerospace company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Insider Activity

In related news, VP Christopher J. Brady sold 5,540 shares of General Dynamics stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $280.91, for a total value of $1,556,241.40. Following the sale, the vice president now directly owns 20,296 shares in the company, valued at $5,701,349.36. This trade represents a 21.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.52% of the company’s stock.

Institutional Trading of General Dynamics

Several hedge funds have recently bought and sold shares of the company. Coston McIsaac & Partners lifted its position in General Dynamics by 22.8% in the 3rd quarter. Coston McIsaac & Partners now owns 178 shares of the aerospace company’s stock valued at $53,000 after purchasing an additional 33 shares during the last quarter. Global X Japan Co. Ltd. raised its position in shares of General Dynamics by 2.3% during the 3rd quarter. Global X Japan Co. Ltd. now owns 1,482 shares of the aerospace company’s stock worth $448,000 after buying an additional 33 shares in the last quarter. Grove Bank & Trust raised its position in shares of General Dynamics by 10.6% during the 3rd quarter. Grove Bank & Trust now owns 354 shares of the aerospace company’s stock worth $107,000 after buying an additional 34 shares in the last quarter. Trueblood Wealth Management LLC raised its position in shares of General Dynamics by 1.6% during the 3rd quarter. Trueblood Wealth Management LLC now owns 2,223 shares of the aerospace company’s stock worth $672,000 after buying an additional 34 shares in the last quarter. Finally, Jeppson Wealth Management LLC raised its position in shares of General Dynamics by 3.8% during the 3rd quarter. Jeppson Wealth Management LLC now owns 955 shares of the aerospace company’s stock worth $289,000 after buying an additional 35 shares in 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.