General Dynamics Corporation (NYSE:GD) registered a 4.42% increase, still its new closing price is 54.10% up from the company’s 1 year high of 179.31.It posted 3.85% gains in previous 5 sessions and is now the subject of 4 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 10 buy or better ratings. The 20 stock analysts following this company have an average price target at $196.11, with individual PT in the $173.00-$215.00 range. The shares moved at $185.14, implying that brokerage firms see shares gaining about 46.94% in twelve months time.
General Dynamics Corporation (GD) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 7.69% rise year to date. A Executive Vice President at General Dynamics Corporation (GD) offloaded shares in a transaction closed on Monday December 05, 2016. CASEY JOHN PATRICK sold 69,895 shares in the company at $178.51 each and collected $12,476,001 in proceeds. CASEY JOHN PATRICK now owns 127,667 shares in the company after this transaction. A Vice President in the company, Whited Gary L, disclosed a transaction on Friday November 11, 2016 that ended up generating $1,723,000 from the sale of 10,259 shares at $167.96 per share.
General Dynamics Corporation (NYSE:GD) Upcoming Results on Tap
General Dynamics Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $2.38 in that period. Sales during the quarter are predicted to arrive at $7.78 billion.
Earnings surprise history: Last quarter, the company posted approximately $8.23 billion in revenue and EPS of $2.62. The mean forecast was for $8.29 billion and $2.52 a share, respectively. One quarter earlier, revenue for the stock was at $7.73 billion, with earnings at $2.48/share.
General Dynamics Corporation (GD) Brokerage Update
General Dynamics Corporation (GD) is in Bernstein’s research list so their analyst rating change is noteworthy. These shares were upgraded to Outperform from Mkt Perform by Bernstein, according to news reported on Wednesday August 10, 2016.Another important research note was issued by Deutsche Bank on Thursday March 24, 2016.The firm downgraded GD to Hold from Buy. Over the last six months and over the last three months, the shares of General Dynamics Corporation (GD), have changed 27.03% and 23.03%, respectively.