General Dynamics Co. (NYSE:GD) Receives Average Recommendation of “Moderate Buy” from Analysts

General Dynamics Co. (NYSE:GDGet 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

GD stock opened at $243.13 on Friday. The firm has a 50 day moving average of $233.42 and a 200-day moving average of $228.45. General Dynamics has a 12-month low of $188.64 and a 12-month high of $254.99. The company has a current ratio of 1.34, a quick ratio of 0.94 and a debt-to-equity ratio of 0.52. The company has a market cap of $66.75 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 2.24 and a beta of 0.90.

General Dynamics (NYSE:GDGet 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

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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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Analyst Recommendations for General Dynamics (NYSE:GD)

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