General Dynamics (GD) Receives a Hold from RBC Capital

RBC Capital analyst Kenneth Herbert maintained a Hold rating on General Dynamics yesterday and set a price target of $385.00.

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Herbert covers the Industrials sector, focusing on stocks such as Airbus Group SE, Boeing, and L3Harris Technologies. According to TipRanks, Herbert has an average return of 25.5% and a 65.65% success rate on recommended stocks.

In addition to RBC Capital, General Dynamics also received a Hold from Bernstein’s Douglas Harned in a report issued on April 13. However, on April 10, Susquehanna maintained a Buy rating on General Dynamics (NYSE: GD).

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, Mark Lagrand Burns, the EVP of GD sold 10,153.00 shares for a total of $3,603,807.35.