UBS Sticks to Its Hold Rating for General Dynamics (GD)

UBS analyst Gavin Parsons maintained a Hold rating on General Dynamics today and set a price target of $385.00.

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Parsons covers the Industrials sector, focusing on stocks such as Boeing, General Dynamics, and GE Aerospace. According to TipRanks, Parsons has an average return of 11.4% and a 63.25% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for General Dynamics with a $400.60 average price target.

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