Paradigm Asset Management Co. LLC Has $352,000 Holdings in General Dynamics Corporation $GD

Paradigm Asset Management Co. LLC increased its stake in shares of General Dynamics Corporation (NYSE:GD) by 49.6% during the second quarter, HoldingsChannel reports. The fund owned 1,206 shares of the aerospace company’s stock after buying an additional 400 shares during the period. Paradigm Asset Management Co. LLC’s holdings in General Dynamics were worth $352,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in GD. Brighton Jones LLC lifted its stake in General Dynamics by 16.9% in the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after acquiring an additional 417 shares in the last quarter. Alps Advisors Inc. raised its holdings in shares of General Dynamics by 1.0% in the first quarter. Alps Advisors Inc. now owns 8,944 shares of the aerospace company’s stock valued at $2,438,000 after purchasing an additional 90 shares during the last quarter. Cerity Partners LLC lifted its position in shares of General Dynamics by 3.1% in the first quarter. Cerity Partners LLC now owns 61,304 shares of the aerospace company’s stock worth $16,710,000 after purchasing an additional 1,834 shares in the last quarter. Xponance Inc. boosted its holdings in General Dynamics by 2.2% during the first quarter. Xponance Inc. now owns 33,020 shares of the aerospace company’s stock worth $9,001,000 after purchasing an additional 726 shares during the last quarter. Finally, Diversify Wealth Management LLC grew its position in General Dynamics by 4.2% in the first quarter. Diversify Wealth Management LLC now owns 9,494 shares of the aerospace company’s stock valued at $2,583,000 after purchasing an additional 380 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

GD opened at $346.58 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29. The stock has a market cap of $93.62 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 2.05 and a beta of 0.46. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $360.50. The business has a 50 day moving average of $334.45 and a 200-day moving average of $307.13.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.69 by $0.19. The business had revenue of $12.91 billion during the quarter, compared to the consensus estimate of $12.49 billion. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, equities research analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current year.

Insider Buying and Selling at General Dynamics

In related news, VP Christopher J. Brady sold 8,150 shares of the business’s 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 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Phebe N. Novakovic sold 129,090 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $313.57, for a total value of $40,478,751.30. Following the sale, the chief executive officer directly owned 769,607 shares in the company, valued at approximately $241,325,666.99. This trade represents a 14.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 159,370 shares of company stock worth $50,143,516. 1.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

GD has been the topic of several analyst reports. Seaport Res Ptn raised shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Citigroup upped their target price on General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on General Dynamics from $345.00 to $380.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Finally, Wall Street Zen raised General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $350.89.

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.