Gautam Khanna, an analyst from TD Cowen, maintained the Buy rating on General Dynamics. The associated price target was raised to $370.00.
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Gautam Khanna has given his Buy rating due to a combination of factors that highlight General Dynamics’ strong performance and positive outlook. The company demonstrated impressive bookings across its Aero, Marine, and Tech segments, with notable order ratios indicating robust demand. In particular, the Aero segment showed a strong book-to-bill ratio, and while deliveries were slightly below expectations, the raised delivery guidance suggests confidence in future performance.
Furthermore, the Marine segment’s stable margins despite a higher proportion of cost-plus sales indicate potential productivity improvements. The company’s guidance revisions, including increased sales and earnings per share forecasts, further support the positive outlook. Additionally, the raised sales guidance across various segments and the conservative free cash flow conversion guidance suggest a strong financial position, contributing to the Buy rating recommendation.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $403.00 price target.
Based on the recent corporate insider activity of 123 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GD in relation to earlier this year.