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Investing.com - TD Cowen has reiterated its Buy rating for General Dynamics Corp. (NYSE:GD) with a price target of $340.00. The stock, currently trading at $323.82, has surged nearly 30% over the past six months and according to InvestingPro analysis, appears slightly undervalued based on its Fair Value estimates.
The research firm noted that Gulfstream aircraft typically require approximately 4.5 months from first flight to delivery, indicating that potential variance for C25 Gulfstream deliveries has narrowed considerably.
TD Cowen’s analysis suggests G800 deliveries may fall short of planned targets, creating a potential downside risk for the aerospace and defense company.
However, the firm observed that G700 deliveries could potentially outperform expectations, as recent completion cycle times for the G700 model have accelerated.
TD Cowen also highlighted that General Dynamics is delivering fewer low-margin G700 test aircraft than the company had initially guided, which could positively impact profit margins.
In other recent news, General Dynamics reported second-quarter 2025 earnings per share of $3.74, surpassing expectations by 5%, with a 9% increase in revenue compared to the previous year. RBC Capital responded by raising its price target for the company from $315 to $330, maintaining a Sector Perform rating. Additionally, General Dynamics Electric Boat Corp. secured a $322.6 million contract modification from the U.S. Department of Defense for submarine support services. The U.S. Navy also ordered an additional DDG 51 destroyer from General Dynamics Bath Iron Works, adding to their existing multi-year contract. Furthermore, General Dynamics Information Technology received a $98 million contract extension from the Department of Defense to continue supporting the U.S. Air Forces Central Command. The company’s board of directors declared a regular quarterly dividend of $1.50 per share, payable on November 14, 2025. These developments highlight General Dynamics’ continued engagement in significant defense contracts and financial commitments.
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