The General Dynamics’ (GD) “Buy” Rating Reaffirmed at Royal Bank of Canada

The General Dynamics’ (GD) “Buy” Rating Reaffirmed at Royal Bank of Canada

A number of other analysts have also issued reports on the stock. ValuEngine upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a research note on Friday. Sanford C. Bernstein reiterated a “mkt perform” rating on shares of General Dynamics in a research note on Wednesday, May 10th. Barclays PLC reiterated an “overweight” rating and set a $210.00 price target (up from $200.00) on shares of General Dynamics in a research note on Monday, May 1st. Jefferies Group LLC reiterated a “buy” rating and set a $220.00 price target (up from $200.00) on shares of General Dynamics in a research note on Friday, April 28th. Finally, Stifel Nicolaus boosted their price target on shares of General Dynamics from $173.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, April 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $198.98.

General Dynamics Co. (NYSE:GD)‘s stock had its “buy” rating reaffirmed by research analysts at Royal Bank of Canada in a report issued on Friday. They currently have a $220.00 price objective on the aerospace company’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 8.00% from the stock’s previous close.

General Dynamics (NYSE GD) opened at 203.70 on Friday. General Dynamics has a one year low of $132.68 and a one year high of $205.07. The company has a market capitalization of $61.47 billion, a PE ratio of 20.43 and a beta of 0.75. The firm’s 50-day moving average is $195.37 and its 200 day moving average is $184.92.

In related news, Director Mary T. Barra sold 9,860 shares of the company’s stock in a transaction that occurred on Friday, March 24th. The stock was sold at an average price of $188.07, for a total value of $1,854,370.20. Following the completion of the transaction, the director now directly owns 11,636 shares of the company’s stock, valued at $2,188,382.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher Marzilli sold 43,890 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $201.37, for a total value of $8,838,129.30. Following the completion of the transaction, the vice president now directly owns 107,857 shares of the company’s stock, valued at $21,719,164.09. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,376 shares of company stock valued at $14,776,523. Corporate insiders own 6.80% of the company’s stock. Institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC increased its position in shares of General Dynamics by 0.7% in the first quarter. Quadrant Capital Group LLC now owns 608 shares of the aerospace company’s stock worth $108,000 after buying an additional 4 shares during the period. Ruggie Capital Group acquired a new position in shares of General Dynamics during the first quarter worth about $119,000. First Command Bank acquired a new position in shares of General Dynamics during the fourth quarter worth about $125,000. Pinnacle Bank acquired a new position in shares of General Dynamics during the first quarter worth about $126,000. Finally, Zions Bancorporation increased its position in shares of General Dynamics by 0.5% in the first quarter. Zions Bancorporation now owns 732 shares of the aerospace company’s stock worth $137,000 after buying an additional 4 shares during the period. 87.35% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Company Profile General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “GD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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