General Dynamics (NYSE:GD) had its price target raised by Royal Bank of Canada from $157.00 to $164.00 in a note issued to investors on Thursday, BenzingaRatingsTable reports. The brokerage currently has an “outperform” rating on the aerospace company’s stock. Royal Bank of Canada’s price objective points to a potential upside of 11.76% from the company’s current price.

A number of other analysts also recently weighed in on GD. Susquehanna Bancshares upped their target price on shares of General Dynamics from $167.00 to $184.00 and gave the stock a “positive” rating in a research report on Thursday, June 4th. Citigroup raised shares of General Dynamics from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $185.00 to $170.00 in a research report on Monday, April 20th. UBS Group reduced their target price on shares of General Dynamics from $190.00 to $171.00 and set a “neutral” rating on the stock in a research report on Thursday, June 11th. Morgan Stanley upped their target price on shares of General Dynamics from $146.00 to $151.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 14th. Finally, Credit Suisse Group reduced their target price on shares of General Dynamics from $191.00 to $153.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $183.57.

NYSE GD traded down $2.12 during trading on Thursday, hitting $146.74. The company had a trading volume of 1,659,624 shares, compared to its average volume of 1,125,946. The company has a current ratio of 1.27, a quick ratio of 0.97 and a debt-to-equity ratio of 0.75. General Dynamics has a one year low of $100.55 and a one year high of $193.76. The company has a market cap of $42.09 billion, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 2.50 and a beta of 1.05. The company’s fifty day moving average is $148.68 and its 200-day moving average is $151.85.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $2.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.15 by $0.03. General Dynamics had a net margin of 8.47% and a return on equity of 24.10%. The business had revenue of $9.26 billion during the quarter, compared to analyst estimates of $9.03 billion. During the same period in the prior year, the business earned $2.77 EPS. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. As a group, equities analysts anticipate that General Dynamics will post 11.1 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Security National Trust Co. lifted its stake in General Dynamics by 123.0% during the 1st quarter. Security National Trust Co. now owns 223 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 123 shares during the period. Larson Financial Group LLC bought a new position in General Dynamics during the 2nd quarter valued at about $30,000. Key Financial Inc bought a new position in General Dynamics during the 1st quarter valued at about $31,000. FinTrust Capital Advisors LLC lifted its stake in General Dynamics by 95.3% during the 1st quarter. FinTrust Capital Advisors LLC now owns 289 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 141 shares during the period. Finally, BDO Wealth Advisors LLC lifted its stake in General Dynamics by 91.4% during the 1st quarter. BDO Wealth Advisors LLC now owns 291 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 139 shares during the period. 85.57% of the stock is currently owned by institutional investors.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates in five segments: Aerospace, Combat Systems, Information Technology, Mission Systems, and Marine Systems. The Aerospace segment designs, manufactures, and supports business-jet aircraft; and offers business-aviation services, including maintenance, fixed-base operation, government fleet, aircraft management, charter, and staffing services, as well as integrated aviation solutions.

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