Jefferies Reiterates a Buy Rating on General Dynamics Corp

By Carrie Williams

In a report released yesterday, Howard Rubel from Jefferies reiterated a Buy rating on General Dynamics Corp (NYSE: GD), with a price target of $200. The company’s shares closed yesterday at $188.89.

According to, Rubel is a top 25 analyst with an average return of 16.9% and a 80.6% success rate. Rubel covers the Industrial Goods sector, focusing on stocks such as United Technologies Corp, Honeywell International, and Orbital Sciences Corp.

Currently, the analyst consensus on General Dynamics Corp is Moderate Buy and the average price target is $209.25, representing a 10.8% upside.

In a report issued on April 7, RBC Capital also reiterated a Buy rating on the stock with a $211 price target.

Based on the recent corporate insider activity of 137 insiders, corporate insider sentiment is negative on the stock. Last month, Mary Barra, a Director at GD sold 9,860 shares for a total of $1,854,272.

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.

General Dynamics Corp. operates as an aerospace and defense company that offers a broad portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; shipbuilding; and communication and information technology systems and solutions. The company operates through the following business groups: Aerospace, Combat Systems, Marine Systems, and Information Systems and Technology. The Aerospace group designs, manufactures and outfits a comprehensive family of gulfstream business. The Combat Systems group designs, develops, and produces tracked and wheeled military vehicles, weapons systems and munitions. The Marine Systems group designs, builds and supports submarines and surface ships. The Information Systems and Technology group provides critical technologies, products and services. General Dynamics was founded on February 21, 1952 and is headquartered in Falls Church, VA.