Susquehanna Sticks to Their Buy Rating for General Dynamics (GD)

In a report released today, Charles Minervino from Susquehanna maintained a Buy rating on General Dynamics, with a price target of $420.00.

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According to TipRanks, Minervino is a 5-star analyst with an average return of 14.3% and a 61.32% success rate. Minervino covers the Energy sector, focusing on stocks such as TechnipFMC, Baker Hughes Company, and Devon Energy.

In addition to Susquehanna, General Dynamics also received a Buy from Wells Fargo’s David E. Strauss in a report issued on April 1. However, on April 8, Deutsche Bank downgraded General Dynamics (NYSE: GD) to a Hold.

Based on General Dynamics’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $14.38 billion and a net profit of $1.14 billion. In comparison, last year the company earned a revenue of $13.34 billion and had a net profit of $1.15 billion

Based on the recent corporate insider activity of 132 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. Last month, Gregory Gallopoulos, the SVP, Gen. Counsel, Sec of GD sold 3,729.00 shares for a total of $1,321,333.86.