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Investing.com - Bernstein SocGen Group has raised its price target on General Dynamics Corp. (NYSE:GD) to $388.00 from $335.00 while maintaining a Market Perform rating following the company’s strong third-quarter performance. The aerospace and defense giant, with a market capitalization of $95.42 billion, maintains a "GOOD" financial health rating according to InvestingPro analysis.
General Dynamics reported third-quarter earnings per share of $3.88 on October 24, exceeding the consensus estimate of $3.71. The company posted revenues of $12.9 billion, above the consensus expectation of $12.52 billion. This performance aligns with the company’s impressive 11.85% revenue growth over the last twelve months, while maintaining its 47-year streak of consistent dividend payments.
Bernstein attributed the earnings beat to strong revenue performance in the Marine Systems and Aerospace segments. The firm has increased its revenue estimates for General Dynamics to $51.9 billion for 2025, up from a previous estimate of $51.8 billion, and to $54.2 billion for 2026, revised from $53.4 billion.
The firm’s EPS estimate for 2025 has been raised to $15.32 from $15.26, primarily due to higher projected sales, though this is slightly offset by lower anticipated Aerospace margins resulting from the G800 transition.
Bernstein has increased its EV/EBITDA multiple for General Dynamics to 16x from 14.2x, citing stronger outlooks for both the Aerospace and Marine segments.
In other recent news, General Dynamics Corporation reported robust financial results for the third quarter of 2025. The company achieved earnings per share of $3.88, surpassing consensus estimates of $3.70, while revenue reached $12.9 billion, marking an 11% increase year-over-year and exceeding analyst expectations by approximately 4%. Following these strong results, Vertical Research Partners upgraded General Dynamics’ stock from Hold to Buy, setting a price target of $400. UBS also adjusted its price target for the company, raising it from $369 to $381 and maintaining a Neutral rating. UBS highlighted the significant contributions from the Marine and Aerospace segments as key factors in their reassessment. These developments reflect a positive outlook from analysts on General Dynamics’ financial health and future prospects.
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