Catalyst Funds Management Pty Ltd Sells 880 Shares of General Dynamics Corporation $GD

Catalyst Funds Management Pty Ltd cut its stake in shares of General Dynamics Corporation (NYSE:GD) by 52.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 800 shares of the aerospace company’s stock after selling 880 shares during the period. Catalyst Funds Management Pty Ltd’s holdings in General Dynamics were worth $233,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Howe & Rusling Inc. increased its holdings in General Dynamics by 1.8% during the second quarter. Howe & Rusling Inc. now owns 30,512 shares of the aerospace company’s stock worth $8,899,000 after buying an additional 529 shares during the last quarter. Winnow Wealth LLC bought a new position in shares of General Dynamics in the 2nd quarter valued at about $218,000. Empirical Finance LLC increased its stake in shares of General Dynamics by 0.7% during the 2nd quarter. Empirical Finance LLC now owns 8,004 shares of the aerospace company’s stock worth $2,334,000 after purchasing an additional 59 shares during the last quarter. Alteri Wealth LLC raised its holdings in shares of General Dynamics by 12.9% in the 2nd quarter. Alteri Wealth LLC now owns 2,086 shares of the aerospace company’s stock valued at $608,000 after purchasing an additional 239 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its stake in General Dynamics by 1.8% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 94,674 shares of the aerospace company’s stock valued at $27,849,000 after purchasing an additional 1,653 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Insider Activity at General Dynamics

In other news, VP Christopher J. Brady sold 8,150 shares of General Dynamics stock in a transaction that occurred on Monday, August 25th. The shares were 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 in the company, valued at approximately $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 accessible through this link. Also, Director Mark Malcolm sold 3,220 shares of the business’s 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 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.50% of the stock is currently owned by company insiders.

General Dynamics Stock Up 0.3%

GD stock opened at $340.31 on Friday. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $360.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. The stock has a market capitalization of $91.92 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 2.05 and a beta of 0.46. The business’s fifty day moving average price is $338.58 and its two-hundred day moving average price is $311.96.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, beating the consensus estimate of $3.69 by $0.19. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The business had revenue of $12.91 billion for the quarter, compared to the consensus estimate of $12.49 billion. During the same period in the prior year, the company posted $3.35 earnings per share. General Dynamics’s revenue 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. On average, equities analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on GD. UBS Group boosted their price target on General Dynamics from $369.00 to $381.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Argus boosted their target price on General Dynamics from $345.00 to $380.00 and gave the stock a “buy” rating in a report on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a research note on Wednesday, October 8th. Bank of America lifted their price objective on shares of General Dynamics from $370.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Finally, Wall Street Zen raised shares of General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Three equities research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $358.10.

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.