Boston Partners Purchases 116,524 Shares of General Dynamics Corporation $GD

Boston Partners increased its holdings in shares of General Dynamics Corporation (NYSE:GD) by 9.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,413,021 shares of the aerospace company’s stock after purchasing an additional 116,524 shares during the period. Boston Partners owned 0.53% of General Dynamics worth $413,812,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of 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 acquiring an additional 417 shares during the last quarter. Cerity Partners LLC boosted its position in 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 purchasing an additional 1,834 shares during the period. Ballentine Partners LLC increased its holdings in shares of General Dynamics by 13.0% in the first quarter. Ballentine Partners LLC now owns 3,577 shares of the aerospace company’s stock valued at $975,000 after purchasing an additional 412 shares during the last quarter. Stephens Inc. AR raised its position in shares of General Dynamics by 7.2% in the first quarter. Stephens Inc. AR now owns 17,786 shares of the aerospace company’s stock valued at $4,848,000 after purchasing an additional 1,192 shares during the period. Finally, Leelyn Smith LLC lifted its stake in shares of General Dynamics by 4.7% during the 1st quarter. Leelyn Smith LLC now owns 16,993 shares of the aerospace company’s stock worth $4,632,000 after buying an additional 766 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on GD. Vertical Research raised shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price target on the stock in a report on Monday, October 27th. Bank of America increased their target price on General Dynamics from $370.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Citigroup boosted their price target on General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Robert W. Baird set a $390.00 price objective on General Dynamics in a research report on Monday, October 27th. Finally, Sanford C. Bernstein boosted their target price on shares of General Dynamics from $335.00 to $388.00 and gave the company a “market perform” rating in a research report on Tuesday, October 28th. Two investment 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $350.89.

Insiders Place Their Bets

In other General Dynamics news, VP William A. Moss sold 17,700 shares of the business’s stock in a transaction dated Thursday, August 14th. The stock was 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 owned 16,627 shares of the company’s stock, valued at approximately $5,260,782.80. The trade was a 51.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the completion of the sale, the vice president owned 22,818 shares in the company, valued at approximately $7,328,685.24. The trade was a 26.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 159,370 shares of company stock valued at $50,143,516 in the last quarter. Corporate insiders own 1.50% of the company’s stock.

General Dynamics Stock Performance

Shares of NYSE:GD opened at $349.55 on Tuesday. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $360.50. The stock has a market capitalization of $94.42 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 2.05 and a beta of 0.46. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. The company’s 50 day simple moving average is $334.95 and its 200 day simple moving average is $307.96.

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

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.