General Dynamics Corporation $GD Shares Purchased by Keystone Financial Services

Keystone Financial Services grew its holdings in shares of General Dynamics Corporation (NYSE:GD) by 17.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,848 shares of the aerospace company’s stock after purchasing an additional 427 shares during the period. Keystone Financial Services’ holdings in General Dynamics were worth $831,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in GD. Brighton Jones LLC raised its stake in shares of General Dynamics by 16.9% in the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after acquiring an additional 417 shares in the last quarter. Axxcess Wealth Management LLC increased its holdings in General Dynamics by 2.1% during the 1st quarter. Axxcess Wealth Management LLC now owns 6,836 shares of the aerospace company’s stock worth $1,863,000 after purchasing an additional 138 shares during the period. Alps Advisors Inc. boosted its stake in shares of General Dynamics by 1.0% in the 1st quarter. Alps Advisors Inc. now owns 8,944 shares of the aerospace company’s stock valued at $2,438,000 after buying an additional 90 shares during the period. Cerity Partners LLC grew its position in shares of General Dynamics by 3.1% during the first quarter. Cerity Partners LLC now owns 61,304 shares of the aerospace company’s stock worth $16,710,000 after buying an additional 1,834 shares in the last quarter. Finally, Processus Wealth & Capital Management LLC increased its stake in shares of General Dynamics by 2.1% during the first quarter. Processus Wealth & Capital Management LLC now owns 6,769 shares of the aerospace company’s stock worth $1,845,000 after buying an additional 142 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

Shares of GD stock opened at $346.58 on Friday. The stock’s 50-day moving average price is $334.45 and its 200 day moving average price is $306.90. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $93.62 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 2.05 and a beta of 0.46. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $360.50.

General Dynamics (NYSE:GD) last announced its earnings results 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. The company had revenue of $12.91 billion for the quarter, compared to the consensus estimate of $12.49 billion. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The company’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the business posted $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, equities research analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on GD. Seaport Res Ptn upgraded shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. Barclays boosted their target price on shares of General Dynamics from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Melius Research raised General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 28th. UBS Group upped their target price on shares of General Dynamics from $369.00 to $381.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Finally, Sanford C. Bernstein lifted their price target on shares of General Dynamics from $335.00 to $388.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $350.89.

Insider Activity

In other news, VP William A. Moss sold 17,700 shares of the firm’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 transaction 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 $5,260,782.80. This trade represents a 51.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Phebe N. Novakovic sold 129,090 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $313.57, for a total transaction 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. The trade was a 14.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 159,370 shares of company stock valued at $50,143,516. 1.50% of the stock is 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.