Citigroup Issues Positive Forecast for General Dynamics (NYSE:GD) Stock Price

02 Nov 2026, 18:06 by Michael Walen · The Markets Daily

General Dynamics (NYSE:GD – Get Free Report) had its price objective increased by investment analysts at Citigroup from $374.00 to $400.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the aerospace company’s stock. Citigroup‘s price target points to a potential upside of 8.36% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research report on Monday, September 28th. Wall Street Zen downgraded General Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Robert W. Baird set a $430.00 price objective on General Dynamics in a report on Thursday, July 30th. Bank of America raised their price objective on General Dynamics from $400.00 to $415.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $455.00 target price on shares of General Dynamics in a report on Monday. Eleven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $406.94.

View Our Latest Stock Analysis on General Dynamics

General Dynamics Stock Down 0.9%

GD traded down $3.45 during midday trading on Monday, hitting $369.14. 510,609 shares of the company’s stock traded hands, compared to its average volume of 1,292,598. The company has a market cap of $99.88 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 2.18 and a beta of 0.30. The stock’s fifty day simple moving average is $351.44 and its 200-day simple moving average is $355.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.43 and a quick ratio of 0.94. General Dynamics has a one year low of $306.77 and a one year high of $400.00.

General Dynamics (NYSE:GD – Get Free Report) last announced its quarterly earnings results on Friday, October 30th. The aerospace company reported $4.49 EPS for the quarter, topping the consensus estimate of $4.12 by $0.37. The company had revenue of $14.57 billion for the quarter, compared to analyst estimates of $13.72 billion. General Dynamics had a net margin of 8.24% and a return on equity of 17.60%. General Dynamics’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.88 EPS. As a group, equities analysts anticipate that General Dynamics will post 16.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other General Dynamics news, Director Robert K. Steel sold 7,440 shares of General Dynamics stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $346.05, for a total value of $2,574,612.00. Following the transaction, the director directly owned 3,096 shares of the company’s stock, valued at $1,071,370.80. The trade was a 70.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On General Dynamics

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Whipplewood Advisors LLC increased its holdings in shares of General Dynamics by 1,725.0% during the 1st quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 69 shares during the period. Wellington Altus USA Inc. lifted its stake in shares of General Dynamics by 77.8% in the second quarter. Wellington Altus USA Inc. now owns 80 shares of the aerospace company’s stock valued at $27,000 after buying an additional 35 shares during the period. Downshift Financial LLC grew its position in General Dynamics by 134.3% during the third quarter. Downshift Financial LLC now owns 82 shares of the aerospace company’s stock worth $27,000 after buying an additional 47 shares in the last quarter. Morton Brown Family Wealth LLC grew its position in General Dynamics by 182.8% during the third quarter. Morton Brown Family Wealth LLC now owns 82 shares of the aerospace company’s stock worth $27,000 after buying an additional 53 shares in the last quarter. Finally, John Boyer Inc. bought a new position in General Dynamics during the third quarter valued at about $28,000. Institutional investors own 86.14% of the company’s stock.

Trending Headlines about General Dynamics

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

Positive Sentiment: General Dynamics reported third-quarter sales of approximately $14.57 billion and net income of $1.23 billion, with growth across all four operating segments. Results exceeded analyst expectations, supported by strong defense demand. How Earnings Beat Will Impact General Dynamics Stock Investors
Positive Sentiment: Quarterly orders of $98.8 billion pushed backlog to a record $220.3 billion—roughly double the prior level—largely because of nuclear-submarine awards. The backlog provides substantial contracted-work visibility for future sales and earnings. General Dynamics Nuclear Submarine Awards Drive Q3 Backlog to Record High
Positive Sentiment: Management raised its 2026 earnings outlook, citing sustained defense demand and plans to expand Gulfstream business-jet capacity. The higher guidance gives investors greater confidence in the company’s growth trajectory. GD Q3 Earnings Call Highlights Raised Outlook and Record Backlog
Positive Sentiment: Royal Bank of Canada raised its price target from $360 to $400, while the broader analyst target average was reported near $402.44. These revisions suggest some analysts see additional value despite the stock’s recent gains. Royal Bank of Canada General Dynamics Rating
Neutral Sentiment: BTIG maintained a Neutral rating even as it acknowledged strong aerospace demand and the record backlog, indicating that favorable fundamentals may already be reflected in the share price. General Dynamics Nuclear Submarine Awards Drive Q3 Backlog to Record High
Negative Sentiment: Recent share-price appreciation and a valuation debate create execution risk: investors are questioning whether projected cash flows fully support the current valuation. Any delays in submarine programs, Gulfstream expansion or defense spending could pressure the stock.

About General Dynamics

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General Dynamics Corporation (NYSE: GD) is a global aerospace and defense company that develops, manufactures and supports products and services for government and commercial customers. Its operations serve the U.S. government, allied nations and other customers worldwide, with a significant focus on national security, military modernization and mission support.