5 Defense Stocks to Buy As Geopolitical Tensions Rise

3. General Dynamics Corporation (NYSE:GD)

Number of Hedge Fund Holders: 48 

General Dynamics Corporation (NYSE:GD) is an aerospace and defense firm. Hedge funds have been piling into the stock in recent months. At the end of the fourth quarter of 2021, 48 hedge funds in the database of Insider Monkey held stakes worth $7.1 billion in General Dynamics Corporation (NYSE:GD), compared to 36 in the preceding quarter worth $6.7 billion. 

On February 4, Morgan Stanley analyst Kristine Liwag upgraded General Dynamics Corporation (NYSE:GD) stock to Equal Weight from Underweight and raised the price target to $215 from $210, noting that improved aircraft deliveries in 2022 would ramp up the compound annual growth rate of the firm to near 18%.