General Dynamics Corporation $GD Shares Bought by Good Life Advisors LLC

Good Life Advisors LLC boosted its holdings in General Dynamics Corporation (NYSE:GD) by 12.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,921 shares of the aerospace company’s stock after purchasing an additional 548 shares during the quarter. Good Life Advisors LLC’s holdings in General Dynamics were worth $1,435,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GD. Mesirow Financial Investment Management Inc. raised its holdings in shares of General Dynamics by 31.3% in the 1st quarter. Mesirow Financial Investment Management Inc. now owns 5,598 shares of the aerospace company’s stock worth $1,526,000 after purchasing an additional 1,333 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in General Dynamics by 10.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 463,917 shares of the aerospace company’s stock valued at $126,454,000 after buying an additional 43,885 shares in the last quarter. Natixis Advisors LLC grew its stake in General Dynamics by 8.2% during the first quarter. Natixis Advisors LLC now owns 269,515 shares of the aerospace company’s stock worth $73,464,000 after buying an additional 20,491 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in shares of General Dynamics by 25.0% in the first quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 23,250 shares of the aerospace company’s stock worth $6,337,000 after acquiring an additional 4,650 shares in the last quarter. Finally, Silver Coast Investments LLC acquired a new stake in shares of General Dynamics in the second quarter worth $218,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 129,090 shares of the firm’s stock in a transaction on 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. This trade represents a 14.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 completion of the sale, the vice president directly owned 22,818 shares of the company’s stock, valued at $7,328,685.24. The trade was a 26.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 141,670 shares of company stock worth $44,543,236 in the last ninety days. 1.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on GD shares. 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. Wolfe Research boosted their price objective on General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Morgan Stanley set a $385.00 target price on General Dynamics in a research report on Monday, October 27th. JPMorgan Chase & Co. increased their target price on General Dynamics from $345.00 to $380.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, General Dynamics has an average rating of “Moderate Buy” and a consensus target price of $350.89.

General Dynamics Trading Down 1.6%

NYSE:GD opened at $343.98 on Friday. The stock has a market cap of $92.92 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 2.05 and a beta of 0.46. General Dynamics Corporation has a one year low of $239.20 and a one year high of $360.50. 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 business’s 50-day simple moving average is $336.48 and its 200 day simple moving average is $309.06.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, topping 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%.General Dynamics’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, sell-side analysts predict that General Dynamics Corporation will post 14.83 earnings per share 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.