General Dynamics (NYSE:GD) Shares Cross Below 200 Day Moving Average – Should You Sell?

General Dynamics Corporation (NYSE:GD) crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $355.05 and traded as low as $348.94. General Dynamics shares last traded at $353.8810, with a volume of 1,219,081 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Robert W. Baird set a $430.00 price objective on shares of General Dynamics in a research note on Thursday, July 30th. Jefferies Financial Group reiterated a “buy” rating and issued a $455.00 price target on shares of General Dynamics in a research note on Monday, November 2nd. Royal Bank Of Canada raised their target price on shares of General Dynamics from $360.00 to $400.00 and gave the company a “sector perform” rating in a research note on Monday, November 2nd. UBS Group boosted their target price on General Dynamics from $395.00 to $408.00 and gave the stock a “neutral” rating in a report on Tuesday, September 8th. Finally, Sanford C. Bernstein increased their price objective on shares of General Dynamics from $365.00 to $386.00 and gave the company a “market perform” rating in a research report on Tuesday, November 3rd. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $408.94.

General Dynamics Trading Down 0.7%

The stock has a 50-day simple moving average of $349.76 and a two-hundred day simple moving average of $355.05. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.43. The firm has a market cap of $95.63 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 1.99 and a beta of 0.30.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Friday, October 30th. The aerospace company reported $4.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $0.37. General Dynamics had a net margin of 8.24% and a return on equity of 17.60%. The firm had revenue of $14.57 billion for the quarter, compared to the consensus estimate of $13.72 billion. During the same quarter last year, the firm posted $3.88 EPS. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that General Dynamics Corporation will post 17.29 EPS for the current year.

Insider Buying and Selling at General Dynamics

In other news, Director Robert K. Steel sold 7,440 shares of the stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $346.05, for a total transaction of $2,574,612.00. Following the transaction, the director directly owned 3,096 shares of the company’s stock, valued at $1,071,370.80. This represents a 70.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On General Dynamics

Institutional investors have recently made changes to their positions in the business. Oxford Financial Group LTD. LLC boosted its position in General Dynamics by 1.9% during the 2nd quarter. Oxford Financial Group LTD. LLC now owns 1,426 shares of the aerospace company’s stock valued at $505,000 after acquiring an additional 26 shares in the last quarter. Willner & Heller LLC raised its position in shares of General Dynamics by 1.4% in the 2nd quarter. Willner & Heller LLC now owns 2,050 shares of the aerospace company’s stock worth $726,000 after purchasing an additional 28 shares during the last quarter. Meriwether Wealth & Planning LLC raised its position in shares of General Dynamics by 0.8% in the 2nd quarter. Meriwether Wealth & Planning LLC now owns 3,443 shares of the aerospace company’s stock worth $1,220,000 after purchasing an additional 28 shares during the last quarter. Gryphon Financial Partners LLC boosted its stake in General Dynamics by 0.9% in the 3rd quarter. Gryphon Financial Partners LLC now owns 3,083 shares of the aerospace company’s stock worth $1,023,000 after purchasing an additional 28 shares in the last quarter. Finally, Capital Advisors Inc. OK boosted its stake in General Dynamics by 0.6% in the 2nd quarter. Capital Advisors Inc. OK now owns 4,551 shares of the aerospace company’s stock worth $1,612,000 after purchasing an additional 29 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Company Profile

General Dynamics Corporation is an aerospace and defense company that develops and manufactures products and provides services for commercial, government and military customers. Its businesses span aerospace, marine systems, combat systems and defense technologies.

The company makes Gulfstream business jets and provides aircraft services. Its marine systems operations design and build submarines and surface ships, while its combat systems business produces military vehicles, weapons systems and munitions.