Westover Capital Advisors LLC Buys 1,686 Shares of General Dynamics Corporation $GD

Westover Capital Advisors LLC lifted its stake in shares of General Dynamics Corporation (NYSE:GD) by 27.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,785 shares of the aerospace company’s stock after purchasing an additional 1,686 shares during the period. Westover Capital Advisors LLC’s holdings in General Dynamics were worth $2,271,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of GD. Mesirow Financial Investment Management Inc. boosted its holdings in shares of General Dynamics by 31.3% in the first quarter. Mesirow Financial Investment Management Inc. now owns 5,598 shares of the aerospace company’s stock valued at $1,526,000 after buying an additional 1,333 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in General Dynamics by 10.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 463,917 shares of the aerospace company’s stock worth $126,454,000 after purchasing an additional 43,885 shares during the period. Natixis Advisors LLC lifted its holdings in shares of General Dynamics by 8.2% in the first quarter. Natixis Advisors LLC now owns 269,515 shares of the aerospace company’s stock valued at $73,464,000 after purchasing an additional 20,491 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in General Dynamics by 25.0% in the 1st quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 23,250 shares of the aerospace company’s stock valued at $6,337,000 after buying an additional 4,650 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in General Dynamics by 20.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 299,137 shares of the aerospace company’s stock valued at $87,246,000 after acquiring an additional 51,655 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

NYSE:GD opened at $341.83 on Tuesday. The stock has a 50 day simple moving average of $337.29 and a 200 day simple moving average of $310.58. The stock has a market cap of $92.33 billion, a P/E ratio of 22.15, a PEG ratio of 2.05 and a beta of 0.46. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $360.50. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 EPS 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 firm had revenue of $12.91 billion for the quarter, compared to analyst estimates of $12.49 billion. During the same period in the prior year, the firm posted $3.35 EPS. The company’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. Research analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

Insider Transactions at General Dynamics

In other news, Director Mark Malcolm sold 3,220 shares of General Dynamics stock in a transaction that occurred on 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 completion of the sale, the director directly owned 10,186 shares in the company, valued at approximately $3,355,777.70. The trade was a 24.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher J. Brady sold 8,150 shares of the stock in a transaction that occurred 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 sale, the vice president directly owned 22,818 shares in the company, valued at $7,328,685.24. This represents a 26.32% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 12,580 shares of company stock worth $4,064,484. 1.50% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on GD shares. Sanford C. Bernstein raised 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. Robert W. Baird set a $390.00 target price on shares of General Dynamics in a research report on Monday, October 27th. Wall Street Zen upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Barclays increased their price objective 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. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $400.00 price target on shares of General Dynamics in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, General Dynamics presently has an average rating of “Moderate Buy” and a consensus target price of $350.89.

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.