General Dynamics (GD) Now Covered by UBS Group
Investment analysts at UBS Group initiated coverage on shares of General Dynamics (NYSE:GD) in a research report issued to clients and investors on Wednesday, www.benzinga.com reports. The firm set a “neutral” rating and a $210.00 price target on the aerospace company’s stock. UBS Group’s price target points to a potential upside of 9.12% from the company’s current price.
Several other equities analysts have also issued reports on GD. Stifel Nicolaus boosted their target price on shares of General Dynamics from $220.00 to $230.00 and gave the company a “hold” rating in a report on Thursday, April 26th. Credit Suisse Group boosted their target price on shares of General Dynamics from $262.00 to $263.00 and gave the company an “outperform” rating in a report on Thursday, April 26th. ValuEngine lowered shares of General Dynamics from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Barclays reaffirmed an “overweight” rating and issued a $256.00 price target on shares of General Dynamics in a research note on Thursday, June 14th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $225.00 price target on shares of General Dynamics in a research note on Thursday, June 14th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $239.39.
GD stock opened at $192.44 on Wednesday. The firm has a market capitalization of $56.97 billion, a P/E ratio of 19.34, a PEG ratio of 1.54 and a beta of 0.83. The company has a current ratio of 1.20, a quick ratio of 0.84 and a debt-to-equity ratio of 0.95. General Dynamics has a 12-month low of $184.21 and a 12-month high of $230.00.
In other General Dynamics news, insider John Patrick Casey sold 22,500 shares of General Dynamics stock in a transaction on Monday, July 16th. The shares were sold at an average price of $191.99, for a total value of $4,319,775.00. Following the completion of the sale, the insider now directly owns 118,555 shares of the company’s stock, valued at $22,761,374.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 6.90% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Newport Trust Co increased its position in shares of General Dynamics by 0.3% during the second quarter. Newport Trust Co now owns 21,068,046 shares of the aerospace company’s stock worth $3,927,294,000 after acquiring an additional 66,593 shares in the last quarter. BlackRock Inc. increased its position in shares of General Dynamics by 1.1% during the second quarter. BlackRock Inc. now owns 17,024,342 shares of the aerospace company’s stock worth $3,173,507,000 after acquiring an additional 191,353 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of General Dynamics by 29.0% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,243,297 shares of the aerospace company’s stock worth $418,173,000 after acquiring an additional 504,326 shares in the last quarter. Aristotle Capital Management LLC increased its position in shares of General Dynamics by 3.8% during the first quarter. Aristotle Capital Management LLC now owns 1,577,319 shares of the aerospace company’s stock worth $348,430,000 after acquiring an additional 57,762 shares in the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of General Dynamics during the second quarter worth about $258,844,000. 85.38% of the stock is owned by institutional investors.
General Dynamics Company Profile
General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.
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