General Dynamics Corporation (NYSE:GD)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Group LLC in a research note issued to investors on Friday.

Several other equities research analysts have also recently issued reports on the stock. BidaskClub cut shares of General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Sanford C. Bernstein reissued a “mkt perform” rating on shares of General Dynamics Corporation in a research report on Wednesday, May 10th. Cowen and Company reissued a “buy” rating and issued a $210.00 target price on shares of General Dynamics Corporation in a research report on Monday, July 17th. Barclays PLC reissued an “overweight” rating and issued a $210.00 target price (up from $200.00) on shares of General Dynamics Corporation in a research report on Monday, May 1st. Finally, Zacks Investment Research raised shares of General Dynamics Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, April 13th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $206.59.

Shares of General Dynamics Corporation (NYSE GD) opened at 197.89 on Friday. The company’s 50-day moving average is $199.82 and its 200 day moving average is $193.74. General Dynamics Corporation has a 52 week low of $148.76 and a 52 week high of $205.90. The stock has a market capitalization of $59.33 billion, a P/E ratio of 19.55 and a beta of 0.71.

General Dynamics Corporation (NYSE:GD) last released its earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.43 by $0.02. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. The business had revenue of $7.68 billion for the quarter, compared to analysts’ expectations of $7.76 billion. During the same period last year, the company earned $2.30 earnings per share. The company’s quarterly revenue was down 1.3% on a year-over-year basis. On average, equities analysts forecast that General Dynamics Corporation will post $9.82 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “General Dynamics Corporation’s (NYSE:GD) “Buy” Rating Reaffirmed at Jefferies Group LLC” was first published by Daily Political and is owned by of Daily Political. If you are reading this piece on another domain, it was illegally copied and republished in violation of international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/08/11/general-dynamics-corporations-nysegd-buy-rating-reaffirmed-at-jefferies-group-llc.html.

In other news, VP Christopher Marzilli sold 43,890 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $201.37, for a total transaction of $8,838,129.30. Following the transaction, the vice president now directly owns 107,857 shares of the company’s stock, valued at $21,719,164.09. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lester L. Lyles sold 2,551 shares of the business’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $196.01, for a total transaction of $500,021.51. Following the transaction, the director now directly owns 7,336 shares in the company, valued at $1,437,929.36. The disclosure for this sale can be found here. Insiders own 6.70% of the company’s stock.

Several hedge funds have recently modified their holdings of GD. Howe & Rusling Inc. bought a new stake in shares of General Dynamics Corporation during the first quarter worth about $631,000. Pinnacle Bank bought a new stake in shares of General Dynamics Corporation during the first quarter worth about $126,000. Peoples Financial Services CORP. raised its stake in shares of General Dynamics Corporation by 17.1% in the first quarter. Peoples Financial Services CORP. now owns 1,025 shares of the aerospace company’s stock worth $192,000 after buying an additional 150 shares during the period. Norway Savings Bank raised its stake in shares of General Dynamics Corporation by 11.6% in the first quarter. Norway Savings Bank now owns 1,010 shares of the aerospace company’s stock worth $189,000 after buying an additional 105 shares during the period. Finally, Tompkins Financial Corp raised its stake in shares of General Dynamics Corporation by 2.5% in the first quarter. Tompkins Financial Corp now owns 13,920 shares of the aerospace company’s stock worth $1,828,000 after buying an additional 333 shares during the period. Institutional investors and hedge funds own 87.52% of the company’s stock.

General Dynamics Corporation Company Profile

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

Analyst Recommendations for General Dynamics Corporation (NYSE:GD)

Receive News & Ratings for General Dynamics Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics Corporation and related companies with MarketBeat.com's FREE daily email newsletter.