General Dynamics Corporation $GD Shares Bought by National Pension Service

National Pension Service boosted its stake in shares of General Dynamics Corporation (NYSE:GD) by 2.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 572,256 shares of the aerospace company’s stock after purchasing an additional 11,864 shares during the period. National Pension Service owned approximately 0.21% of General Dynamics worth $166,904,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GD. 1858 Wealth Management LLC boosted its holdings in General Dynamics by 1.0% during the second quarter. 1858 Wealth Management LLC now owns 3,256 shares of the aerospace company’s stock worth $950,000 after buying an additional 32 shares in the last quarter. Nicholson Wealth Management Group LLC lifted its position in shares of General Dynamics by 0.5% during the 2nd quarter. Nicholson Wealth Management Group LLC now owns 6,582 shares of the aerospace company’s stock valued at $1,920,000 after buying an additional 33 shares in the last quarter. Gilbert & Cook Inc. grew its stake in General Dynamics by 1.4% in the 2nd quarter. Gilbert & Cook Inc. now owns 2,389 shares of the aerospace company’s stock valued at $697,000 after acquiring an additional 33 shares during the period. Crewe Advisors LLC increased its holdings in General Dynamics by 10.9% in the 2nd quarter. Crewe Advisors LLC now owns 347 shares of the aerospace company’s stock worth $101,000 after acquiring an additional 34 shares in the last quarter. Finally, CVA Family Office LLC lifted its holdings in General Dynamics by 1.5% during the second quarter. CVA Family Office LLC now owns 2,256 shares of the aerospace company’s stock valued at $658,000 after purchasing an additional 34 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GD has been the subject of several research analyst reports. Susquehanna upped their price target on shares of General Dynamics from $365.00 to $406.00 and gave the stock a “positive” rating in a research report on Monday, October 27th. Robert W. Baird set a $390.00 target price on General Dynamics in a research report on Monday, October 27th. Barclays increased their price objective on General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Seaport Res Ptn raised shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Finally, Wolfe Research raised their target price on shares of General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the 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.

Insider Buying and Selling

In related news, CEO Phebe N. Novakovic sold 129,090 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $313.57, for a total value of $40,478,751.30. Following the completion of the transaction, the chief executive officer directly owned 769,607 shares of the company’s stock, valued at $241,325,666.99. This represents a 14.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark Malcolm sold 3,220 shares of the company’s stock in a transaction 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 transaction, the director owned 10,186 shares of the company’s stock, valued at approximately $3,355,777.70. The trade was a 24.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 141,670 shares of company stock worth $44,543,236 over the last 90 days. 1.50% of the stock is owned by insiders.

General Dynamics Stock Down 0.8%

Shares of GD opened at $349.44 on Thursday. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $360.50. The company’s 50-day simple moving average is $336.05 and its 200-day simple moving average is $308.81. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. The stock has a market capitalization of $94.39 billion, a PE ratio of 22.65, a P/E/G ratio of 2.05 and a beta of 0.46.

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

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.