Deutsche Bank Aktiengesellschaft Has Lowered Expectations for General Dynamics (NYSE:GD) Stock Price

General Dynamics (NYSE:GD) had its target price cut by equities researchers at Deutsche Bank Aktiengesellschaft from $309.00 to $306.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the aerospace company’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 4.44% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Morgan Stanley upgraded General Dynamics from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $293.00 to $345.00 in a research report on Friday, August 9th. Barclays upped their target price on shares of General Dynamics from $325.00 to $330.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Royal Bank of Canada boosted their price objective on General Dynamics from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Seaport Res Ptn lowered General Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, Sanford C. Bernstein decreased their price target on General Dynamics from $343.00 to $331.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, General Dynamics has an average rating of “Moderate Buy” and a consensus target price of $323.69.

General Dynamics Trading Up 0.5 %

Shares of GD stock opened at $292.99 on Friday. The firm has a market capitalization of $80.56 billion, a PE ratio of 22.31, a PEG ratio of 1.80 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.80 and a current ratio of 1.32. The stock has a fifty day simple moving average of $300.83 and a two-hundred day simple moving average of $295.10. General Dynamics has a 52-week low of $238.31 and a 52-week high of $313.11.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, October 23rd. The aerospace company reported $3.35 earnings per share for the quarter, missing analysts’ consensus estimates of $3.48 by ($0.13). General Dynamics had a return on equity of 16.59% and a net margin of 7.90%. The company had revenue of $11.67 billion for the quarter, compared to the consensus estimate of $11.65 billion. During the same quarter in the prior year, the company posted $3.04 EPS. General Dynamics’s revenue was up 10.4% compared to the same quarter last year. On average, analysts predict that General Dynamics will post 13.97 EPS for the current fiscal year.

Insider Buying and Selling at General Dynamics

In related news, Director Peter A. Wall sold 1,320 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $308.05, for a total value of $406,626.00. Following the completion of the sale, the director now directly owns 3,592 shares of the company’s stock, valued at $1,106,515.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.52% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On General Dynamics

A number of large investors have recently bought and sold shares of the business. Mesirow Financial Investment Management Inc. boosted its position in General Dynamics by 7.0% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 4,430 shares of the aerospace company’s stock valued at $1,339,000 after acquiring an additional 291 shares in the last quarter. RKL Wealth Management LLC lifted its stake in shares of General Dynamics by 2.1% during the 3rd quarter. RKL Wealth Management LLC now owns 7,304 shares of the aerospace company’s stock worth $2,207,000 after purchasing an additional 147 shares during the last quarter. Tompkins Financial Corp boosted its position in General Dynamics by 2.4% during the third quarter. Tompkins Financial Corp now owns 26,071 shares of the aerospace company’s stock valued at $7,879,000 after purchasing an additional 610 shares in the last quarter. TCTC Holdings LLC grew its stake in General Dynamics by 6.3% in the third quarter. TCTC Holdings LLC now owns 8,957 shares of the aerospace company’s stock valued at $2,707,000 after purchasing an additional 534 shares during the last quarter. Finally, Klingman & Associates LLC bought a new position in General Dynamics in the third quarter worth about $206,000. Institutional investors own 86.14% of the company’s stock.

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.