Laurel Wealth Advisors LLC Grows Position in General Dynamics Corporation $GD

Laurel Wealth Advisors LLC grew its stake in General Dynamics Corporation (NYSE:GD) by 31,497.2% during the 2nd quarter, Holdings Channel reports. The fund owned 22,750 shares of the aerospace company’s stock after acquiring an additional 22,678 shares during the period. Laurel Wealth Advisors LLC’s holdings in General Dynamics were worth $6,635,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GD. Quarry LP lifted its holdings 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 purchasing an additional 94 shares in the last quarter. Nova Wealth Management Inc. acquired a new position in shares of General Dynamics in the first quarter valued at approximately $33,000. NewSquare Capital LLC lifted its stake in shares of General Dynamics by 64.7% during the second quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock valued at $33,000 after buying an additional 44 shares during the period. Harbor Asset Planning Inc. acquired a new stake in General Dynamics during the second quarter worth approximately $35,000. Finally, Access Investment Management LLC purchased a new stake in General Dynamics in the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. BNP Paribas upgraded General Dynamics to a “strong-buy” rating in a report on Tuesday, November 18th. BNP Paribas Exane initiated coverage on General Dynamics in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $410.00 price target on the stock. Wolfe Research upped their price objective on shares of General Dynamics from $360.00 to $400.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Melius Research upgraded shares of General Dynamics to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $400.00 target price on shares of General Dynamics in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $358.10.

General Dynamics Stock Down 0.2%

GD opened at $340.32 on Thursday. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $360.50. The firm has a 50 day moving average price of $339.40 and a 200 day moving average price of $313.69. 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 company has a market cap of $91.93 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 2.05 and a beta of 0.46.

General Dynamics (NYSE:GD) last released 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. The company had revenue of $12.91 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm earned $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Sell-side analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current year.

Insider Activity at General Dynamics

In other news, Director Mark Malcolm sold 3,220 shares of the company’s stock in a transaction dated 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 completion of the sale, the director owned 10,186 shares of the company’s stock, valued at $3,355,777.70. This represents a 24.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

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.