General Dynamics (NYSE:GD) was upgraded by investment analysts at Argus to a “buy” rating in a research note issued to investors on Tuesday, January 30th. The firm presently has a $250.00 price target on the aerospace company’s stock, up from their previous price target of $230.00. Argus’ target price would indicate a potential upside of 16.31% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Cowen restated a “buy” rating and set a $230.00 target price on shares of General Dynamics in a research report on Thursday, October 26th. Jefferies Group restated a “buy” rating and set a $236.00 target price on shares of General Dynamics in a research report on Thursday, October 26th. Zacks Investment Research upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and set a $238.00 target price for the company in a research report on Thursday, October 26th. Royal Bank of Canada set a $239.00 target price on shares of General Dynamics and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Finally, Bank of America lifted their target price on shares of General Dynamics from $245.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $231.94.

Shares of General Dynamics (GD) opened at $214.95 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.40 and a debt-to-equity ratio of 0.35. General Dynamics has a 52 week low of $181.94 and a 52 week high of $229.54. The company has a market cap of $63,078.45, a PE ratio of 22.51, a P/E/G ratio of 2.25 and a beta of 0.85.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.13. The company had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $8.40 billion. General Dynamics had a net margin of 9.40% and a return on equity of 27.22%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.89 earnings per share. research analysts forecast that General Dynamics will post 11.1 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. WFG Advisors LP grew its holdings in General Dynamics by 0.3% in the second quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock valued at $132,000 after purchasing an additional 2 shares during the period. YorkBridge Wealth Partners LLC grew its holdings in General Dynamics by 0.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 992 shares of the aerospace company’s stock valued at $198,000 after purchasing an additional 5 shares during the period. Pathstone Family Office LLC grew its holdings in General Dynamics by 100.0% in the second quarter. Pathstone Family Office LLC now owns 24 shares of the aerospace company’s stock valued at $4,754,000 after purchasing an additional 12 shares during the period. Monetary Management Group Inc. grew its holdings in General Dynamics by 0.3% in the second quarter. Monetary Management Group Inc. now owns 10,620 shares of the aerospace company’s stock valued at $2,104,000 after purchasing an additional 30 shares during the period. Finally, Quadrant Capital Group LLC grew its holdings in General Dynamics by 6.1% in the second quarter. Quadrant Capital Group LLC now owns 645 shares of the aerospace company’s stock valued at $110,000 after purchasing an additional 37 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

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About General Dynamics

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 (NYSE:GD)

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