#5 - General Dynamics (NYSE:GD)
General Dynamics (NYSE:GD) stock is up 13% in the last month. This appears to be a case of investors showing renewed interest in the stock post invasion. For example, GD stock reached its 52-week high after Wells Fargo (NYSE:WFC) analyst Matthew Akers raised the company’s price target from $235 to $282.
The company posted mixed earnings in January and, like many defense contractors, was showing softer YOY revenue.
However, like many companies in this sector, General Dynamics is expected to benefit from a surge in spending. In 2020, the company received a $9.5 billion contract from the U.S. Navy to build the first Columbia-class sub and start work on the second sub.
In addition to the anticipated growth in revenue and earnings, GD stock looks like it’s becoming one of the best value stocks for 2022. The company is a dividend aristocrat having increased its dividend for the last 31 years. General Dynamics currently pays out a handsome $4.76 annual dividend that currently has a 1.95% yield.
About General Dynamics
General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.
Read More - Current Price
- $281.81
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 11 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $323.69 (14.9% Upside)
