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.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, July 25th. The aerospace company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.33. The business had revenue of $9.19 billion for the quarter, compared to analyst estimates of $9.09 billion. General Dynamics had a net margin of 9.16% and a return on equity of 27.06%. General Dynamics’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.45 earnings per share. equities analysts anticipate that General Dynamics will post 11.18 earnings per share for the current fiscal year.

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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