General Dynamics Corporation $GD Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its position in shares of General Dynamics Corporation (NYSE:GD) by 0.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 23,560,896 shares of the aerospace company’s stock after selling 50,083 shares during the period. Vanguard Group Inc. owned 0.09% of General Dynamics worth $6,871,771,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mesirow Financial Investment Management Inc. increased its stake in General Dynamics by 31.3% in the first quarter. Mesirow Financial Investment Management Inc. now owns 5,598 shares of the aerospace company’s stock valued at $1,526,000 after purchasing an additional 1,333 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of General Dynamics by 10.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 463,917 shares of the aerospace company’s stock worth $126,454,000 after buying an additional 43,885 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of General Dynamics by 8.2% in the 1st quarter. Natixis Advisors LLC now owns 269,515 shares of the aerospace company’s stock valued at $73,464,000 after buying an additional 20,491 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in shares of General Dynamics by 25.0% in the 1st quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 23,250 shares of the aerospace company’s stock valued at $6,337,000 after buying an additional 4,650 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its stake in General Dynamics by 20.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 299,137 shares of the aerospace company’s stock worth $87,246,000 after acquiring an additional 51,655 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Stock Down 0.1%

General Dynamics stock opened at $341.37 on Wednesday. The stock has a market capitalization of $92.21 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 2.05 and a beta of 0.46. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average of $337.69 and a two-hundred day moving average of $311.06. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $360.50.

General Dynamics (NYSE:GD) last released 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. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The business had revenue of $12.91 billion during the quarter, compared to analysts’ expectations of $12.49 billion. During the same quarter in the prior year, the business earned $3.35 earnings per share. The company’s quarterly revenue 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. As a group, research analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GD. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $400.00 price objective on shares of General Dynamics in a report on Wednesday, October 8th. Seaport Res Ptn upgraded General Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Robert W. Baird set a $390.00 price objective on General Dynamics in a research note on Monday, October 27th. Vertical Research upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 target price on the stock in a research report on Monday, October 27th. Finally, BNP Paribas Exane assumed coverage on shares of General Dynamics in a report on Tuesday. They issued an “outperform” rating and a $410.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $353.85.

Insider Buying and Selling at General Dynamics

In other 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 completion of the sale, the director owned 10,186 shares in the company, valued at approximately $3,355,777.70. This trade represents a 24.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher J. Brady sold 8,150 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the transaction, the vice president owned 22,818 shares in the company, valued at approximately $7,328,685.24. This trade represents a 26.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,580 shares of company stock valued at $4,064,484 in the last 90 days. Company insiders own 1.50% of the company’s stock.

About General Dynamics

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.