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

Key Points

• Wolfe Research has raised General Dynamics' price target from $360.00 to $400.00, indicating a potential upside of 20.11% from the stock's previous close.
• The stock recently opened at $333.03, with a one-year range between a low of $239.20 and a high of $347.37, showing significant price appreciation potential.
• General Dynamics reported quarterly earnings of $3.74 EPS, beating estimates and showing an 8.9% increase in revenue year-over-year, with a FY 2025 guidance set at 15.050-15.150 EPS.

General Dynamics (NYSE:GD - Get Free Report) had its price target raised by Wolfe Research from $360.00 to $400.00 in a report released on Thursday,MarketScreener reports. The firm presently has an "outperform" rating on the aerospace company's stock. Wolfe Research's target price would indicate a potential upside of 20.11% from the stock's previous close.

A number of other equities analysts have also recently commented on GD. Weiss Ratings reissued a "buy (b)" rating on shares of General Dynamics in a report on Wednesday. TD Cowen raised their price objective on General Dynamics from $290.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Sanford C. Bernstein set a $314.00 target price on shares of General Dynamics and gave the stock a "market perform" rating in a research note on Monday, July 14th. Citigroup lifted their target price on shares of General Dynamics from $348.00 to $368.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, Cowen reiterated a "buy" rating on shares of General Dynamics in a research note on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $324.11.

General Dynamics Trading Down 2.8%

General Dynamics stock opened at $333.03 on Thursday. General Dynamics has a one year low of $239.20 and a one year high of $347.37. The business's fifty day moving average is $324.93 and its 200 day moving average is $296.94. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. The stock has a market capitalization of $89.58 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 2.04 and a beta of 0.47.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, beating analysts' consensus estimates of $3.47 by $0.27. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The company had revenue of $13.04 billion during the quarter, compared to analysts' expectations of $12.13 billion. During the same quarter in the prior year, the business earned $3.26 earnings per share. General Dynamics's revenue for the quarter was up 8.9% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, sell-side analysts predict that General Dynamics will post 14.83 EPS for the current year.

Insider Activity

In other General Dynamics news, VP William A. Moss sold 17,700 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $316.40, for a total value of $5,600,280.00. Following the completion of the sale, the vice president owned 16,627 shares in the company, valued at $5,260,782.80. This represents a 51.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Phebe N. Novakovic sold 129,090 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the transaction, the chief executive officer owned 769,607 shares of the company's stock, valued at approximately $241,325,666.99. The trade was a 14.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 275,020 shares of company stock worth $86,414,503 over the last ninety days. Insiders own 1.50% of the company's stock.

Institutional Trading of General Dynamics

Several large investors have recently made changes to their positions in the business. Tlwm boosted its stake in General Dynamics by 6.6% during the 3rd quarter. Tlwm now owns 4,468 shares of the aerospace company's stock worth $1,524,000 after acquiring an additional 275 shares during the last quarter. Thomasville National Bank grew its position in shares of General Dynamics by 1.5% in the 3rd quarter. Thomasville National Bank now owns 75,912 shares of the aerospace company's stock valued at $25,886,000 after purchasing an additional 1,136 shares during the period. Foster Victor Wealth Advisors LLC bought a new stake in General Dynamics during the 3rd quarter worth approximately $221,000. Flputnam Investment Management Co. raised its holdings in General Dynamics by 0.9% during the 3rd quarter. Flputnam Investment Management Co. now owns 10,948 shares of the aerospace company's stock worth $3,733,000 after buying an additional 98 shares during the period. Finally, CCM Investment Advisers LLC bought a new position in General Dynamics in the third quarter valued at approximately $213,000. Institutional investors own 86.14% of the company's stock.

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.

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