General Dynamics (NYSE:GD) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report released on Thursday.

A number of other brokerages have also recently issued reports on GD. Zacks Investment Research cut shares of General Dynamics from a “buy” rating to a “hold” rating in a report on Monday, October 16th. Citigroup reiterated a “neutral” rating and set a $215.00 price objective (up from $210.00) on shares of General Dynamics in a report on Monday, October 9th. Cowen reiterated a “buy” rating and set a $230.00 price objective on shares of General Dynamics in a report on Thursday, October 19th. Jefferies Group restated a “buy” rating and set a $236.00 price target on shares of General Dynamics in a report on Thursday, October 26th. Finally, Credit Suisse Group restated an “outperform” rating and set a $238.00 price target (up from $216.00) on shares of General Dynamics in a report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $218.45.

Shares of General Dynamics (GD) traded down $4.52 during midday trading on Thursday, hitting $202.64. 1,311,450 shares of the stock were exchanged, compared to its average volume of 954,073. The firm has a market capitalization of $61,854.44, a PE ratio of 20.57, a P/E/G ratio of 2.48 and a beta of 0.72. General Dynamics has a 52-week low of $168.00 and a 52-week high of $214.81. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 0.93.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. The firm had revenue of $7.58 billion during the quarter, compared to analysts’ expectations of $7.94 billion. General Dynamics had a net margin of 9.94% and a return on equity of 27.98%. The business’s revenue was down 1.0% on a year-over-year basis. During the same period last year, the company earned $2.36 earnings per share. research analysts forecast that General Dynamics will post 9.81 EPS for the current year.

In other General Dynamics news, insider John Patrick Casey sold 34,945 shares of General Dynamics stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $201.38, for a total value of $7,037,224.10. Following the sale, the insider now owns 144,378 shares of the company’s stock, valued at $29,074,841.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Gregory S. Gallopoulos sold 78,370 shares of General Dynamics stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $202.93, for a total transaction of $15,903,624.10. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC bought a new stake in shares of General Dynamics in the third quarter valued at approximately $3,884,000. Public Employees Retirement System of Ohio raised its position in shares of General Dynamics by 0.7% in the third quarter. Public Employees Retirement System of Ohio now owns 185,535 shares of the aerospace company’s stock valued at $38,142,000 after purchasing an additional 1,293 shares during the period. Belpointe Asset Management LLC bought a new stake in shares of General Dynamics in the third quarter valued at approximately $586,000. IFM Investors Pty Ltd bought a new stake in shares of General Dynamics in the third quarter valued at approximately $1,494,000. Finally, Smith & Howard Wealth Management LLC bought a new stake in shares of General Dynamics in the third quarter valued at approximately $206,000. 86.86% of the stock is currently owned by institutional investors and hedge funds.

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General Dynamics 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 (NYSE:GD)

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