Wells Fargo & Company Begins Coverage on General Dynamics (NYSE:GD)

Analysts at Wells Fargo & Company assumed coverage on shares of General Dynamics (NYSE:GD) in a report released on Wednesday, Marketbeat reports. The brokerage set an “overweight” rating and a $400.00 price target on the aerospace company’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 14.50% from the company’s current price.

A number of other brokerages also recently weighed in on GD. Bank of America reiterated a “buy” rating and issued a $400.00 target price on shares of General Dynamics in a report on Friday, January 30th. Susquehanna restated a “positive” rating and set a $420.00 price target on shares of General Dynamics in a report on Thursday, January 15th. Citigroup boosted their price objective on shares of General Dynamics from $371.00 to $389.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Wolfe Research increased their target price on shares of General Dynamics from $400.00 to $415.00 and gave the stock an “outperform” rating in a research report on Monday, January 12th. Finally, Jefferies Financial Group lifted their target price on shares of General Dynamics from $360.00 to $385.00 and gave the company a “hold” rating in a research note on Sunday, February 1st. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $384.42.

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $349.33 on Wednesday. General Dynamics has a 12 month low of $239.20 and a 12 month high of $369.70. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.27. The stock has a market cap of $94.62 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 2.09 and a beta of 0.38. The business has a fifty day simple moving average of $353.18 and a 200-day simple moving average of $346.01.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share for the quarter, beating the consensus estimate of $4.11 by $0.06. The firm had revenue of $14.38 billion for the quarter, compared to analyst estimates of $13.77 billion. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.General Dynamics’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $4.15 earnings per share. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. On average, sell-side analysts anticipate that General Dynamics will post 14.83 EPS for the current fiscal year.

Insider Buying and Selling at General Dynamics

In related news, VP Mark Rayha sold 4,370 shares of General Dynamics stock in a transaction on Friday, February 13th. The shares were sold at an average price of $348.79, for a total value of $1,524,212.30. Following the completion of the sale, the vice president owned 7,936 shares of the company’s stock, valued at approximately $2,767,997.44. The trade was a 35.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Phebe N. Novakovic sold 32,918 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $354.09, for a total transaction of $11,655,934.62. Following the transaction, the chief executive officer directly owned 766,457 shares in the company, valued at $271,394,759.13. The trade was a 4.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 51,260 shares of company stock valued at $18,133,971 over the last three months. 1.50% of the stock is owned by insiders.

Institutional Trading of General Dynamics

A number of institutional investors and hedge funds have recently made changes to their positions in GD. Vanguard Group Inc. grew its holdings in General Dynamics by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company’s stock valued at $8,338,169,000 after purchasing an additional 528,769 shares during the last quarter. State Street Corp grew its stake in General Dynamics by 2.7% in the 4th quarter. State Street Corp now owns 11,323,170 shares of the aerospace company’s stock valued at $3,812,058,000 after buying an additional 294,456 shares during the last quarter. Geode Capital Management LLC raised its holdings in General Dynamics by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 6,065,462 shares of the aerospace company’s stock worth $2,039,742,000 after acquiring an additional 195,604 shares during the period. JPMorgan Chase & Co. lifted its position in General Dynamics by 2.2% during the 4th quarter. JPMorgan Chase & Co. now owns 5,307,389 shares of the aerospace company’s stock worth $1,786,786,000 after acquiring an additional 114,647 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in General Dynamics by 5.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,627,155 shares of the aerospace company’s stock worth $1,236,900,000 after acquiring an additional 187,435 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

More General Dynamics News

Here are the key news stories impacting General Dynamics this week:

• Positive Sentiment: Wells Fargo initiated coverage and upgraded GD to “strong‑buy” / set an overweight stance with a $400 price target, signaling sizable analyst confidence and upside potential versus the current level. Read More.
• Positive Sentiment: Reports note fresh U.S. military A‑10 deployments to the Middle East and related defense contracts, highlighting near‑term demand tailwinds for GD’s defense services and systems. That geopolitical-driven defense spending narrative can bolster order visibility for the company. Read More.
• Positive Sentiment: Recent sessions showed outperformance versus the broader market (a multi‑day uptick was reported), reflecting short‑term buying interest and momentum following earnings and analyst activity. Read More.
• Neutral Sentiment: Analysts and commentators are debating whether recent price consolidation leaves value or whether upside is largely priced in; this kind of valuation check produces mixed near‑term trading but doesn’t change fundamentals. Read More.
• Negative Sentiment: Citigroup trimmed its price target to $380 and left a “neutral” rating, which reduces upside expectations relative to prior targets and may temper investor enthusiasm despite other bullish notes. Read More.
• Negative Sentiment: Political uncertainty — coverage noting President Trump’s comments about NATO — is casting risk on defense names broadly; headlines like this can increase volatility and lead some investors to step back despite domestic defense spending arguments. Read More.

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.