General Dynamics Co. (NYSE:GD – Get Rating) has earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $267.50.
A number of research firms have recently issued reports on GD. Royal Bank of Canada lifted their price target on shares of General Dynamics from $270.00 to $275.00 in a research report on Thursday, October 27th. Wolfe Research began coverage on General Dynamics in a research report on Monday, October 10th. They set an “outperform” rating and a $265.00 price objective for the company. Seaport Res Ptn restated a “buy” rating on shares of General Dynamics in a research report on Wednesday, July 27th. Credit Suisse Group lifted their price objective on General Dynamics from $238.00 to $243.00 and gave the stock a “neutral” rating in a research report on Friday, October 28th. Finally, Bank of America lifted their price objective on General Dynamics from $286.00 to $325.00 in a research report on Friday, October 28th.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of GD. Banque Cantonale Vaudoise purchased a new stake in shares of General Dynamics during the 1st quarter valued at $75,000. Vanguard Group Inc. grew its stake in shares of General Dynamics by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 20,326,396 shares of the aerospace company’s stock valued at $4,902,319,000 after buying an additional 140,760 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of General Dynamics during the 2nd quarter valued at $1,999,000. Minot Wealth Management LLC grew its stake in shares of General Dynamics by 197.7% during the 2nd quarter. Minot Wealth Management LLC now owns 10,287 shares of the aerospace company’s stock valued at $2,276,000 after buying an additional 6,832 shares during the period. Finally, Dakota Wealth Management purchased a new stake in shares of General Dynamics during the 2nd quarter valued at $333,000. 86.16% of the stock is currently owned by institutional investors and hedge funds.
General Dynamics Price Performance
General Dynamics (NYSE:GD – Get Rating) last posted its quarterly earnings results on Wednesday, October 26th. The aerospace company reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $0.10. General Dynamics had a net margin of 8.62% and a return on equity of 18.96%. The company had revenue of $9.98 billion during the quarter, compared to the consensus estimate of $9.93 billion. During the same period last year, the firm earned $3.07 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities analysts expect that General Dynamics will post 12.16 EPS for the current fiscal year.
General Dynamics Company Profile
General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment designs, manufactures, and sells business jets; and offers aircraft maintenance and repair, management, charter, aircraft-on-ground support and completion, staffing, and fixed-base operator services.
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