JPMorgan Chase & Co. Forecasts Strong Price Appreciation for General Dynamics (NYSE:GD) Stock

General Dynamics (NYSE:GD) had its target price raised by research analysts at JPMorgan Chase & Co. from $380.00 to $385.00 in a research note issued to investors on Friday, MarketBeat Ratings reports. The brokerage presently has an “overweight” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 13.37% from the stock’s current price.

A number of other brokerages have also recently commented on GD. Susquehanna raised their price target on General Dynamics from $365.00 to $406.00 and gave the stock a “positive” rating in a research report on Monday, October 27th. The Goldman Sachs Group raised their target price on shares of General Dynamics from $280.00 to $293.00 and gave the company a “sell” rating in a report on Friday, October 10th. Wolfe Research boosted their target price on shares of General Dynamics from $360.00 to $400.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Morgan Stanley set a $385.00 price target on shares of General Dynamics in a research report on Monday, October 27th. Finally, Robert W. Baird set a $390.00 price objective on shares of General Dynamics in a research note on Monday, October 27th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, General Dynamics currently has a consensus rating of “Moderate Buy” and a consensus price target of $358.50.

General Dynamics Stock Up 0.7%

Shares of GD opened at $339.59 on Friday. 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 has a 12 month low of $239.20 and a 12 month high of $360.50. The firm’s 50 day moving average is $340.69 and its 200-day moving average is $320.98. The stock has a market capitalization of $91.73 billion, a PE ratio of 22.01, a P/E/G ratio of 1.69 and a beta of 0.40.

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, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $12.49 billion. During the same quarter in the prior year, the business posted $3.35 earnings per share. The firm’s quarterly revenue 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. Equities research analysts forecast that General Dynamics will post 14.83 EPS for the current year.

Insider Buying and Selling at General Dynamics

In related news, VP David Paddock sold 20,360 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the sale, the vice president owned 36,644 shares in the company, valued at $12,272,808.48. The trade was a 35.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by company insiders.

Institutional Trading of General Dynamics

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dunhill Financial LLC grew its position in shares of General Dynamics by 620.0% in the 3rd quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock valued at $25,000 after buying an additional 62 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in shares of General Dynamics in the third quarter worth approximately $25,000. Halbert Hargrove Global Advisors LLC bought a new stake in General Dynamics in the third quarter valued at approximately $26,000. Burkett Financial Services LLC increased its position in General Dynamics by 650.0% during the 3rd quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 65 shares during the period. Finally, Louisbourg Investments Inc. bought a new position in General Dynamics during the 3rd quarter worth approximately $27,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Company Profile

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.