Why General Dynamics (GD) Stock Is Hitting New Highs in July 2026

TLDR

• GD hit a new 52-week high of $387.32, closing at $386.87, up 3.8% on the day
• Last quarter EPS came in at $4.10, beating the $3.67 estimate; revenue of $13.48B topped forecasts
• Jefferies raised its price target to $440 and upgraded GD to Buy, citing marine division strength
• Consensus analyst rating is “Moderate Buy” with an average price target of $391.15
• General Dynamics Land Systems secured a $209M contract modification for the Abrams Engineering program

General Dynamics (GD) stock hit a new 52-week high on Thursday, touching $387.32 before closing at $386.87 — a gain of 3.8% on the day. The stock’s prior close was $373.16.

General Dynamics Corporation, GD

The move comes as investor interest in defense names has picked up, with GD riding a combination of strong earnings, new contracts, and upbeat analyst coverage.

Last quarter, GD reported EPS of $4.10, beating the consensus estimate of $3.67 by $0.43. Revenue came in at $13.48 billion, ahead of analyst expectations of $12.70 billion — a 10.3% increase year over year.

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