General Dynamics Corporation (NYSE:GD) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.

GD has been the topic of several other reports. BidaskClub lowered General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Zacks Investment Research raised General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $224.00 target price on the stock in a research report on Tuesday, June 27th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $220.00 target price on shares of General Dynamics Corporation in a research report on Friday, June 2nd. Morgan Stanley assumed coverage on General Dynamics Corporation in a research report on Tuesday, August 8th. They set an “underweight” rating and a $185.00 target price on the stock. Finally, Sanford C. Bernstein reaffirmed a “mkt perform” rating on shares of General Dynamics Corporation in a research report on Wednesday, May 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. General Dynamics Corporation has an average rating of “Buy” and a consensus target price of $206.59.

General Dynamics Corporation (GD) traded down 0.67% during midday trading on Friday, reaching $200.00. The company had a trading volume of 734,694 shares. The firm has a 50-day moving average of $199.75 and a 200 day moving average of $195.67. The company has a market capitalization of $59.89 billion, a P/E ratio of 19.19 and a beta of 0.71. General Dynamics Corporation has a 1-year low of $148.76 and a 1-year high of $205.90.

General Dynamics Corporation (NYSE:GD) last announced its earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.43 by $0.02. General Dynamics Corporation had a return on equity of 28.17% and a net margin of 9.63%. The company had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.76 billion. During the same period in the prior year, the company posted $2.30 EPS. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, equities research analysts forecast that General Dynamics Corporation will post $9.81 EPS for the current year.

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A number of hedge funds have recently bought and sold shares of GD. Acadian Asset Management LLC grew its holdings in General Dynamics Corporation by 105.4% during the first quarter. Acadian Asset Management LLC now owns 11,678 shares of the aerospace company’s stock worth $2,186,000 after acquiring an additional 5,993 shares during the period. Glen Harbor Capital Management LLC grew its holdings in General Dynamics Corporation by 19.9% during the first quarter. Glen Harbor Capital Management LLC now owns 3,088 shares of the aerospace company’s stock worth $578,000 after acquiring an additional 512 shares during the period. Everett Harris & Co. CA acquired a new stake in General Dynamics Corporation during the first quarter worth about $207,000. Russell Investments Group Ltd. grew its holdings in General Dynamics Corporation by 13.9% during the first quarter. Russell Investments Group Ltd. now owns 312,131 shares of the aerospace company’s stock worth $58,425,000 after acquiring an additional 38,077 shares during the period. Finally, Schmidt P J Investment Management Inc. grew its holdings in General Dynamics Corporation by 4.2% during the first quarter. Schmidt P J Investment Management Inc. now owns 8,799 shares of the aerospace company’s stock worth $1,647,000 after acquiring an additional 357 shares during the period. 86.19% of the stock is currently owned by hedge funds and other institutional investors.

About General Dynamics Corporation

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)

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