7,096 Shares in General Dynamics Corporation $GD Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new stake in General Dynamics Corporation (NYSE:GD) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,096 shares of the aerospace company’s stock, valued at approximately $2,070,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its stake in General Dynamics by 16.9% during the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after buying an additional 417 shares during the last quarter. Crestwood Advisors Group LLC raised its stake in General Dynamics by 12.2% in the first quarter. Crestwood Advisors Group LLC now owns 3,854 shares of the aerospace company’s stock valued at $1,051,000 after buying an additional 419 shares during the last quarter. Obermeyer Wealth Partners boosted its holdings in General Dynamics by 4.1% in the first quarter. Obermeyer Wealth Partners now owns 1,013 shares of the aerospace company’s stock worth $276,000 after acquiring an additional 40 shares in the last quarter. Ignite Planners LLC grew its stake in shares of General Dynamics by 9.0% during the first quarter. Ignite Planners LLC now owns 1,805 shares of the aerospace company’s stock worth $490,000 after acquiring an additional 149 shares during the last quarter. Finally, Granite Group Advisors LLC raised its position in shares of General Dynamics by 33.0% in the 1st quarter. Granite Group Advisors LLC now owns 5,111 shares of the aerospace company’s stock valued at $1,393,000 after purchasing an additional 1,267 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Mark Malcolm sold 3,220 shares of General Dynamics 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 transaction, the director directly owned 10,186 shares of the company’s stock, valued at $3,355,777.70. The trade was a 24.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of the stock in a transaction on 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 sale, the vice president directly owned 22,818 shares in the company, valued at $7,328,685.24. This trade represents a 26.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 12,580 shares of company stock valued at $4,064,484 over the last three months. 1.50% of the stock is currently owned by corporate insiders.

General Dynamics Price Performance

NYSE:GD opened at $343.11 on Thursday. The firm’s fifty day moving average is $338.10 and its two-hundred day moving average is $311.28. The firm has a market cap of $92.68 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 2.05 and a beta of 0.46. 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 one year low of $239.20 and a one year high of $360.50.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, beating 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 previous year, the firm posted $3.35 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Research analysts expect that General Dynamics Corporation will post 14.83 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on GD. The Goldman Sachs Group boosted their target price on shares of General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a research report on Friday, October 10th. Bank of America boosted their price objective on shares of General Dynamics from $370.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. BNP Paribas Exane began coverage on General Dynamics in a research report on Tuesday. They issued an “outperform” rating and a $410.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $358.10.

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.