MTM Investment Management LLC Invests $170,000 in General Dynamics Corporation $GD

MTM Investment Management LLC acquired a new position in General Dynamics Corporation (NYSE:GD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 582 shares of the aerospace company’s stock, valued at approximately $170,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Itau Unibanco Holding S.A. purchased a new position in General Dynamics in the 2nd quarter worth approximately $281,000. Kingsview Wealth Management LLC boosted its stake in General Dynamics by 1.5% during the second quarter. Kingsview Wealth Management LLC now owns 9,966 shares of the aerospace company’s stock worth $2,907,000 after buying an additional 150 shares during the period. Cornerstone Advisors LLC boosted its position in shares of General Dynamics by 26.3% during the second quarter. Cornerstone Advisors LLC now owns 26,900 shares of the aerospace company’s stock valued at $7,846,000 after buying an additional 5,600 shares during the period. Avantax Advisory Services Inc. grew its position in General Dynamics by 9.2% in the 2nd quarter. Avantax Advisory Services Inc. now owns 19,513 shares of the aerospace company’s stock valued at $5,691,000 after acquiring an additional 1,639 shares during the last quarter. Finally, Woodley Farra Manion Portfolio Management Inc. lifted its holdings in General Dynamics by 2.3% during the 2nd quarter. Woodley Farra Manion Portfolio Management Inc. now owns 17,955 shares of the aerospace company’s stock valued at $5,237,000 after buying an additional 412 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Up 0.0%

GD opened at $344.16 on Friday. The stock has a market capitalization of $92.96 billion, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 2.05 and a beta of 0.46. The business’s 50-day simple moving average is $336.91 and its 200-day simple moving average is $309.82. 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 announced its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the business posted $3.35 earnings per share. The business’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. Analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current year.

Insider Activity at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 8,150 shares of General Dynamics stock in a transaction 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 sale, the vice president owned 22,818 shares in the company, valued at $7,328,685.24. The trade was a 26.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Phebe N. Novakovic sold 129,090 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $313.57, for a total value of $40,478,751.30. Following the completion of the sale, the chief executive officer owned 769,607 shares in the company, valued at approximately $241,325,666.99. This represents a 14.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 141,670 shares of company stock valued at $44,543,236 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on GD. UBS Group increased their price target on shares of General Dynamics from $369.00 to $381.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. Wall Street Zen raised shares of General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Melius Research raised General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a research note on Wednesday, October 8th. Finally, Robert W. Baird set a $390.00 price objective on shares of General Dynamics in a research note on Monday, October 27th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, General Dynamics presently has a consensus rating of “Moderate Buy” and a consensus price target of $350.89.

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.