Sanders Capital LLC Decreases Position in General Dynamics Corporation $GD

Sanders Capital LLC lowered its position in General Dynamics Corporation (NYSE:GD) by 5.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,940,964 shares of the aerospace company’s stock after selling 241,072 shares during the quarter. General Dynamics accounts for approximately 1.5% of Sanders Capital LLC’s holdings, making the stock its 20th biggest holding. Sanders Capital LLC’s holdings in General Dynamics were worth $1,149,422,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GD. Quarry LP grew its stake in General Dynamics by 783.3% in the 1st quarter. Quarry LP now owns 106 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 94 shares during the last quarter. NewSquare Capital LLC grew its position in shares of General Dynamics by 64.7% in the second quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 44 shares during the last quarter. Harbor Asset Planning Inc. acquired a new stake in shares of General Dynamics in the second quarter valued at approximately $35,000. Access Investment Management LLC acquired a new position in shares of General Dynamics during the 2nd quarter worth approximately $35,000. Finally, Nova Wealth Management Inc. purchased a new stake in General Dynamics in the 1st quarter valued at approximately $33,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on GD shares. Seaport Res Ptn raised General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Robert W. Baird set a $390.00 price objective on General Dynamics in a research note on Monday, October 27th. 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 note on Tuesday, October 28th. Citigroup raised their price target on shares of General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Finally, UBS Group lifted their price target on shares of General Dynamics from $369.00 to $381.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $350.89.

Insider Buying and Selling

In related news, 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 value of $2,617,617.00. Following the transaction, the vice president directly owned 22,818 shares of the company’s stock, valued at approximately $7,328,685.24. This trade represents a 26.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark Malcolm sold 3,220 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $329.45, for a total value of $1,060,829.00. Following the sale, the director directly owned 10,186 shares of the company’s stock, valued at approximately $3,355,777.70. This trade represents a 24.02% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 141,670 shares of company stock valued at $44,543,236. 1.50% of the stock is currently owned by company insiders.

General Dynamics Trading Up 0.0%

Shares of GD stock opened at $344.16 on Friday. The firm’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 current ratio of 1.40 and a quick ratio of 0.87. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $360.50. The firm has a market cap of $92.96 billion, a P/E ratio of 22.30, a PEG ratio of 2.05 and a beta of 0.46.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 EPS 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 analyst estimates of $12.49 billion. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. General Dynamics’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, equities analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

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.