Bernstein Reaffirms Their Hold Rating on General Dynamics (GD)

Bernstein analyst Douglas Harned maintained a Hold rating on General Dynamics (GD – Research Report) yesterday and set a price target of $290.00. The company’s shares closed yesterday at $285.27.

Harned covers the Industrials sector, focusing on stocks such as Boeing, Northrop Grumman, and Airbus Group SE. According to TipRanks, Harned has an average return of 5.0% and a 50.00% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for General Dynamics with a $307.24 average price target, a 7.70% upside from current levels. In a report released on April 16, Goldman Sachs also maintained a Hold rating on the stock with a $284.00 price target.

GD market cap is currently $77.94B and has a P/E ratio of 23.66.

Based on the recent corporate insider activity of 110 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GD in relation to earlier this year. Most recently, in January 2024, Mark Roualet, the EVP of GD sold 73,330.00 shares for a total of $19,413,782.82.

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General Dynamics (GD) Company Description:

Virginia-based General Dynamics Corp. is an aerospace and defense company. The company provides the world’s most technologically advanced business jets, wheeled combat vehicles, command and control systems and nuclear submarines. It operates through five business groups: Aerospace, Combat Systems, Information Technology, Mission Systems and Marine Systems.