Citigroup Has Lowered Expectations for General Dynamics (NYSE:GD) Stock Price

General Dynamics (NYSE:GD) had its price objective decreased by stock analysts at Citigroup from $335.00 to $330.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the aerospace company’s stock. Citigroup’s price target indicates a potential upside of 23.83% from the stock’s current price.

Several other research firms have also commented on GD. Deutsche Bank Aktiengesellschaft lowered their price target on shares of General Dynamics from $303.00 to $295.00 and set a “hold” rating for the company in a research report on Thursday, January 2nd. TD Cowen dropped their price target on shares of General Dynamics from $315.00 to $295.00 in a research note on Tuesday, January 28th. Jefferies Financial Group reiterated a “hold” rating and set a $300.00 price objective (down from $345.00) on shares of General Dynamics in a research report on Thursday, December 12th. The Goldman Sachs Group cut their target price on General Dynamics from $245.00 to $241.00 and set a “sell” rating on the stock in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. reduced their price target on shares of General Dynamics from $307.00 to $284.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, General Dynamics currently has a consensus rating of “Hold” and an average price target of $296.82.

General Dynamics Stock Performance

Shares of GD traded down $5.03 during mid-day trading on Thursday, hitting $266.49. The stock had a trading volume of 738,126 shares, compared to its average volume of 1,338,849. General Dynamics has a fifty-two week low of $239.20 and a fifty-two week high of $316.90. The company has a quick ratio of 0.82, a current ratio of 1.37 and a debt-to-equity ratio of 0.33. The company has a market cap of $71.52 billion, a PE ratio of 19.55, a PEG ratio of 1.69 and a beta of 0.43. The company’s fifty day simple moving average is $258.79 and its two-hundred day simple moving average is $274.17.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, January 29th. The aerospace company reported $4.15 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.14). General Dynamics had a net margin of 7.93% and a return on equity of 17.10%. On average, equities analysts expect that General Dynamics will post 14.83 earnings per share for the current year.

Insider Buying and Selling

In other General Dynamics news, SVP Marguerite Amy Gilliland sold 27,562 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $272.11, for a total value of $7,499,895.82. Following the transaction, the senior vice president now directly owns 45,192 shares of the company’s stock, valued at $12,297,195.12. This represents a 37.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Laura J. Schumacher sold 1,796 shares of General Dynamics stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $255.68, for a total value of $459,201.28. Following the sale, the director now owns 11,175 shares of the company’s stock, valued at approximately $2,857,224. This represents a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On General Dynamics

Several institutional investors and hedge funds have recently modified their holdings of the business. Continuum Advisory LLC increased its holdings in shares of General Dynamics by 122.7% during the 3rd quarter. Continuum Advisory LLC now owns 519 shares of the aerospace company’s stock valued at $152,000 after acquiring an additional 286 shares during the last quarter. Barclays PLC lifted its stake in shares of General Dynamics by 43.1% in the third quarter. Barclays PLC now owns 942,485 shares of the aerospace company’s stock worth $284,818,000 after buying an additional 283,972 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in General Dynamics by 9.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 6,865 shares of the aerospace company’s stock valued at $2,077,000 after buying an additional 588 shares during the last quarter. Toronto Dominion Bank raised its holdings in General Dynamics by 4.7% in the 3rd quarter. Toronto Dominion Bank now owns 124,347 shares of the aerospace company’s stock worth $37,578,000 after acquiring an additional 5,532 shares during the period. Finally, Sunbelt Securities Inc. lifted its position in General Dynamics by 8.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,488 shares of the aerospace company’s stock worth $752,000 after acquiring an additional 204 shares during the last quarter. Institutional investors and hedge funds 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.