General Dynamics Corporation $GD Shares Bought by Howe & Rusling Inc.

Howe & Rusling Inc. grew its stake in shares of General Dynamics Corporation (NYSE:GD) by 1.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 30,512 shares of the aerospace company’s stock after buying an additional 529 shares during the quarter. Howe & Rusling Inc.’s holdings in General Dynamics were worth $8,899,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GD. Nuveen LLC acquired a new stake in General Dynamics during the first quarter worth about $272,464,000. Ameriprise Financial Inc. grew its holdings in shares of General Dynamics by 34.8% during the 1st quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock worth $749,252,000 after purchasing an additional 709,782 shares during the period. Deutsche Bank AG increased its position in General Dynamics by 120.9% during the 1st quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company’s stock worth $343,866,000 after purchasing an additional 690,349 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in General Dynamics by 4.9% in the first quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock valued at $1,499,819,000 after buying an additional 256,687 shares during the period. Finally, Vident Advisory LLC lifted its position in General Dynamics by 183.1% during the first quarter. Vident Advisory LLC now owns 261,484 shares of the aerospace company’s stock valued at $71,276,000 after buying an additional 169,120 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity

In related news, 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 value 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark Malcolm sold 3,220 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $329.45, for a total value of $1,060,829.00. Following the transaction, the director directly owned 10,186 shares in the company, valued at approximately $3,355,777.70. This represents a 24.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 12,580 shares of company stock valued at $4,064,484 in the last three months. Insiders own 1.50% of the company’s stock.

General Dynamics Trading Up 0.5%

NYSE:GD opened at $343.11 on Thursday. The stock has a market cap of $92.68 billion, a price-to-earnings ratio of 22.24, 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 $338.10 and its 200 day simple moving average is $311.28.

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. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The company had revenue of $12.91 billion for the quarter, compared to the consensus estimate of $12.49 billion. During the same period in the previous year, the business earned $3.35 EPS. General Dynamics’s revenue for the quarter was up 10.6% compared to the same quarter last year. 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.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Sanford C. Bernstein increased their price objective on shares of General Dynamics from $335.00 to $388.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 28th. BNP Paribas upgraded General Dynamics to a “strong-buy” rating in a report on Tuesday. Susquehanna raised their price objective on General Dynamics from $365.00 to $406.00 and gave the company a “positive” rating in a research report on Monday, October 27th. Morgan Stanley set a $385.00 target price on General Dynamics in a research report on Monday, October 27th. Finally, JPMorgan Chase & Co. raised their target price on General Dynamics from $345.00 to $380.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, General Dynamics has a consensus rating of “Moderate Buy” and a consensus price target of $358.10.

General Dynamics 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.