Mediolanum International Funds Ltd Cuts Stake in General Dynamics Corporation $GD

Mediolanum International Funds Ltd trimmed its stake in General Dynamics Corporation (NYSE:GD) by 31.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,117 shares of the aerospace company’s stock after selling 6,407 shares during the quarter. Mediolanum International Funds Ltd’s holdings in General Dynamics were worth $4,104,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of General Dynamics by 4.9% during the 1st 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. Ameriprise Financial Inc. boosted its holdings in General Dynamics by 34.8% in the first quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock valued at $749,252,000 after acquiring an additional 709,782 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in General Dynamics by 0.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,582,388 shares of the aerospace company’s stock valued at $431,327,000 after acquiring an additional 5,313 shares during the period. Boston Partners increased its stake in General Dynamics by 9.0% during the second quarter. Boston Partners now owns 1,413,021 shares of the aerospace company’s stock worth $413,812,000 after acquiring an additional 116,524 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of General Dynamics by 120.9% in 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 during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GD shares. Melius Research raised shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 28th. Wolfe Research increased their price objective on shares of General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Seaport Res Ptn raised shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $400.00 price target on shares of General Dynamics in a research report on Wednesday, October 8th. Finally, Argus raised their price objective on General Dynamics from $345.00 to $380.00 and gave the company a “buy” rating in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, General Dynamics presently has an average rating of “Moderate Buy” and a consensus target price of $358.10.

Insider Buying and Selling

In other General Dynamics news, Director Mark Malcolm sold 3,220 shares of General Dynamics stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the sale, the director directly owned 10,186 shares in the company, valued at $3,355,777.70. The trade was a 24.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of the 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 transaction, the vice president 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 ownership of the stock. The SEC filing for this sale provides additional information. 1.50% of the stock is owned by company insiders.

General Dynamics Stock Performance

General Dynamics stock opened at $340.31 on Friday. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month 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 company has a market capitalization of $91.92 billion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 2.05 and a beta of 0.46. The firm’s fifty day moving average price is $338.58 and its 200 day moving average price is $312.24.

General Dynamics (NYSE:GD) last announced its earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $12.49 billion. During the same period last year, the firm earned $3.35 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, research analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

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.