Wolfe Research Forecasts Strong Price Appreciation for General Dynamics (NYSE:GD) Stock

General Dynamics (NYSE:GD) had its price objective boosted by equities researchers at Wolfe Research from $400.00 to $415.00 in a research report issued on Monday,MarketScreener reports. The firm presently has an “outperform” rating on the aerospace company’s stock. Wolfe Research’s price objective suggests a potential upside of 12.59% from the company’s current price.

A number of other research analysts have also recently commented on GD. JPMorgan Chase & Co. raised their price target on General Dynamics from $380.00 to $385.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. Bank of America increased their price objective on shares of General Dynamics from $370.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Citigroup boosted their target price on shares of General Dynamics from $371.00 to $389.00 and gave the company a “neutral” rating in a research report on Tuesday. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $398.00 price target on shares of General Dynamics in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $400.00 price objective on shares of General Dynamics in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, General Dynamics has an average rating of “Moderate Buy” and a consensus price target of $366.70.

General Dynamics Stock Performance

Shares of NYSE:GD traded up $2.60 on Monday, reaching $368.60. 1,462,130 shares of the company’s stock were exchanged, compared to its average volume of 1,639,632. General Dynamics has a twelve month low of $239.20 and a twelve month high of $368.78. The company has a fifty day moving average of $343.54 and a 200-day moving average of $329.58. The company has a market capitalization of $99.57 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 1.61 and a beta of 0.41. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.69 by $0.19. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The business had revenue of $12.91 billion during the quarter, compared to analysts’ expectations of $12.49 billion. During the same period in the previous year, the company posted $3.35 earnings per share. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, research analysts predict that General Dynamics will post 14.83 EPS for the current fiscal year.

Insider Buying and Selling at General Dynamics

In other news, VP David Paddock sold 20,360 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total value of $6,818,971.20. Following the completion of the transaction, the vice president owned 36,644 shares of the company’s stock, valued at $12,272,808.48. This represents a 35.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On General Dynamics

Several large investors have recently modified their holdings of GD. Uncommon Cents Investing LLC lifted its holdings in shares of General Dynamics by 2.9% during the fourth quarter. Uncommon Cents Investing LLC now owns 4,473 shares of the aerospace company’s stock worth $1,506,000 after purchasing an additional 125 shares during the period. BTC Capital Management Inc. raised its position in General Dynamics by 10.5% during the 4th quarter. BTC Capital Management Inc. now owns 12,076 shares of the aerospace company’s stock worth $4,062,000 after purchasing an additional 1,147 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in General Dynamics by 1.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 91,730 shares of the aerospace company’s stock worth $30,882,000 after buying an additional 1,696 shares during the period. Fifth Third Wealth Advisors LLC grew its position in shares of General Dynamics by 4.6% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 11,667 shares of the aerospace company’s stock valued at $3,928,000 after buying an additional 515 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. grew its position in shares of General Dynamics by 1.5% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 9,921 shares of the aerospace company’s stock valued at $3,340,000 after buying an additional 148 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

About General Dynamics

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.