Sanford C. Bernstein Forecasts Strong Price Appreciation for General Dynamics (NYSE:GD) Stock

General Dynamics (NYSE:GD) had its price objective lifted by research analysts at Sanford C. Bernstein from $335.00 to $388.00 in a report released on Tuesday, Marketbeat.com reports. The brokerage presently has a “market perform” rating on the aerospace company’s stock. Sanford C. Bernstein’s price objective would indicate a potential upside of 13.07% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. Wall Street Zen raised General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Seaport Res Ptn raised General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Bank of America upped their price objective on General Dynamics from $370.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. raised their target price on shares of General Dynamics from $284.00 to $345.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Finally, UBS Group boosted their target price on shares of General Dynamics from $369.00 to $381.00 and gave the stock a “neutral” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $350.89.

General Dynamics Stock Performance

Shares of GD stock opened at $343.15 on Tuesday. General Dynamics has a 12 month low of $239.20 and a 12 month high of $360.50. The company’s fifty day simple moving average is $331.42 and its 200-day simple moving average is $303.82. The firm has a market cap of $92.69 billion, a PE ratio of 22.24, a P/E/G ratio of 2.07 and a beta of 0.47. The company has a quick ratio of 0.87, a current ratio of 1.40 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 net margin of 8.18% and a return on equity of 18.27%. The firm had revenue of $12.91 billion for the quarter, compared to analyst estimates of $12.49 billion. During the same period in the previous year, the business earned $3.35 EPS. The company’s 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 expect that General Dynamics will post 14.83 EPS for the current fiscal year.

Insider Activity

In related news, VP Christopher J. Brady sold 8,150 shares of General Dynamics stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the completion of the sale, the vice president owned 22,818 shares of the company’s stock, valued at approximately $7,328,685.24. The trade was a 26.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the completion of the transaction, the executive vice president owned 45,192 shares in the company, valued at approximately $14,244,518.40. This trade represents a 42.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 193,110 shares of company stock valued at $60,778,364. 1.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On General Dynamics

Several institutional investors and hedge funds have recently made changes to their positions in the company. Global Wealth Management Investment Advisory Inc. increased its stake in General Dynamics by 11.5% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 16,522 shares of the aerospace company’s stock valued at $4,504,000 after acquiring an additional 1,704 shares during the last quarter. Pinnacle Financial Partners Inc boosted its holdings in shares of General Dynamics by 1.5% in the 1st quarter. Pinnacle Financial Partners Inc now owns 63,228 shares of the aerospace company’s stock valued at $16,741,000 after purchasing an additional 915 shares in the last quarter. Marks Group Wealth Management Inc increased its stake in shares of General Dynamics by 18.1% in the 1st quarter. Marks Group Wealth Management Inc now owns 31,620 shares of the aerospace company’s stock valued at $8,619,000 after purchasing an additional 4,836 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of General Dynamics by 10.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 463,917 shares of the aerospace company’s stock worth $126,454,000 after buying an additional 43,885 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. lifted its position in shares of General Dynamics by 31.3% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 5,598 shares of the aerospace company’s stock worth $1,526,000 after buying an additional 1,333 shares during the last quarter. Institutional investors and hedge funds 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.