Souders Financial Advisors Purchases Shares of 897 General Dynamics Corporation $GD

Souders Financial Advisors bought a new position in General Dynamics Corporation (NYSE:GD) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 897 shares of the aerospace company’s stock, valued at approximately $262,000.

Several other institutional investors also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in General Dynamics by 4.9% in the 1st quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock worth $1,499,819,000 after acquiring an additional 256,687 shares during the period. Ameriprise Financial Inc. increased its holdings in General Dynamics by 34.8% in the first quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock valued at $749,252,000 after buying an additional 709,782 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in General Dynamics by 0.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,582,388 shares of the aerospace company’s stock worth $431,327,000 after purchasing an additional 5,313 shares during the last quarter. Boston Partners grew its position in shares of General Dynamics by 7.9% during the 1st quarter. Boston Partners now owns 1,296,497 shares of the aerospace company’s stock valued at $353,558,000 after buying an additional 94,537 shares during the last quarter. Finally, Deutsche Bank AG raised its position in shares of General Dynamics by 120.9% during the 1st quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company’s stock worth $343,866,000 after purchasing an additional 690,349 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other General Dynamics news, Director Mark Malcolm sold 3,220 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $329.45, for a total value of $1,060,829.00. Following the sale, the director directly owned 10,186 shares in the company, valued at $3,355,777.70. This trade represents a 24.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP William A. Moss sold 17,700 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $316.40, for a total value of $5,600,280.00. Following the completion of the transaction, the vice president directly owned 16,627 shares of the company’s stock, valued at approximately $5,260,782.80. This trade represents a 51.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 159,370 shares of company stock worth $50,143,516 in the last 90 days. Insiders own 1.50% of the company’s stock.

General Dynamics Trading Down 0.7%

NYSE GD opened at $340.35 on Friday. The firm’s 50 day moving average price is $334.01 and its two-hundred day moving average price is $306.39. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $360.50. The stock has a market cap of $91.94 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 2.05 and a beta of 0.46.

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

Analyst Ratings Changes

Several research analysts have commented on the stock. Bank of America upped their target price on shares of General Dynamics from $370.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Sanford C. Bernstein increased their price objective on General Dynamics from $335.00 to $388.00 and gave the stock a “market perform” rating in a report on Tuesday, October 28th. JPMorgan Chase & Co. raised their target price on General Dynamics from $345.00 to $380.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Wall Street Zen upgraded General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Finally, Melius Research raised General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $350.89.

General Dynamics Company 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.