Monday, 2 October 2023

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Robert W. Baird Sticks to Its Buy Rating for General Dynamics (GD) – TipRanks Financial Blog

Latham Group, Inc. Celebrates Opening of its Seminole, Oklahoma Fiberglass Swimming Pool Manufacturing Plant – TipRanks Financial Blog

In a report released on September 15, Peter Arment from Robert W. Baird maintained a Buy rating on General Dynamics (GDResearch Report), with a price target of $242.00. The company’s shares closed yesterday at $224.33.

According to TipRanks, Arment is a 5-star analyst with an average return of 9.1% and a 59.45% success rate. Arment covers the Industrials sector, focusing on stocks such as AeroVironment, Albany International, and Boeing.

Currently, the analyst consensus on General Dynamics is a Strong Buy with an average price target of $260.60, which is a 16.17% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $243.00 price target.

See the top stocks recommended by analysts >>

GD market cap is currently $61.18B and has a P/E ratio of 18.39.

Based on the recent corporate insider activity of 103 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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