Moors & Cabot Inc. Trims Holdings in General Dynamics Corporation $GD

Moors & Cabot Inc. lowered its holdings in shares of General Dynamics Corporation (NYSE:GD) by 5.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 4,341 shares of the aerospace company’s stock after selling 269 shares during the period. Moors & Cabot Inc.’s holdings in General Dynamics were worth $1,266,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quarry LP raised its stake in General Dynamics by 783.3% during the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock valued at $29,000 after buying an additional 94 shares during the last quarter. NewSquare Capital LLC raised its holdings in General Dynamics by 64.7% in the second quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock worth $33,000 after buying an additional 44 shares during the last quarter. Harbor Asset Planning Inc. bought a new position in shares of General Dynamics in the second quarter worth approximately $35,000. Access Investment Management LLC bought a new stake in shares of General Dynamics during the second quarter valued at approximately $35,000. Finally, Nova Wealth Management Inc. purchased a new position in General Dynamics in the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on GD. Vertical Research upgraded General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price target for the company in a research note on Monday, October 27th. Wall Street Zen upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Susquehanna increased their price target on General Dynamics from $365.00 to $406.00 and gave the company a “positive” rating in a report on Monday, October 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a research report on Wednesday, October 8th. Finally, Seaport Res Ptn raised General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $350.89.

General Dynamics Trading Down 0.7%

Shares of NYSE:GD opened at $340.35 on Friday. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $360.50. The company has a market cap of $91.94 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 2.05 and a beta of 0.46. The stock has a 50 day moving average of $334.01 and a 200 day moving average of $306.39. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, topping analysts’ consensus estimates of $3.69 by $0.19. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The business had revenue of $12.91 billion during the quarter, compared to analyst estimates of $12.49 billion. During the same period in the prior year, the business posted $3.35 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, equities research analysts expect that General Dynamics Corporation will post 14.83 EPS for the current year.

Insiders Place Their Bets

In other General Dynamics news, Director Mark Malcolm sold 3,220 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the completion of the sale, the director directly owned 10,186 shares of the company’s stock, valued at $3,355,777.70. This trade represents a 24.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP William A. Moss sold 17,700 shares of General Dynamics stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the sale, the vice president owned 16,627 shares in the company, valued at approximately $5,260,782.80. The trade was a 51.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 159,370 shares of company stock worth $50,143,516. 1.50% of the stock is currently owned by insiders.

General Dynamics Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.