General Dynamics Corporation $GD Shares Purchased by Intrust Bank NA

Intrust Bank NA boosted its stake in General Dynamics Corporation (NYSE:GD) by 0.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 25,427 shares of the aerospace company’s stock after purchasing an additional 207 shares during the period. General Dynamics comprises approximately 0.7% of Intrust Bank NA’s portfolio, making the stock its 27th largest position. Intrust Bank NA’s holdings in General Dynamics were worth $7,416,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Symphony Financial Ltd. Co. acquired a new position in General Dynamics during the second quarter worth $25,040,000. Westpac Banking Corp raised its holdings in shares of General Dynamics by 142.5% in the 2nd quarter. Westpac Banking Corp now owns 1,363 shares of the aerospace company’s stock valued at $398,000 after buying an additional 801 shares during the period. Thomas Story & Son LLC lifted its stake in General Dynamics by 4.0% during the 2nd quarter. Thomas Story & Son LLC now owns 39,409 shares of the aerospace company’s stock worth $11,494,000 after acquiring an additional 1,501 shares in the last quarter. Beta Wealth Group Inc. boosted its holdings in General Dynamics by 10.0% during the 2nd quarter. Beta Wealth Group Inc. now owns 882 shares of the aerospace company’s stock valued at $257,000 after acquiring an additional 80 shares during the period. Finally, MTM Investment Management LLC acquired a new position in General Dynamics in the 2nd quarter valued at about $170,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Price Performance

Shares of GD opened at $344.16 on Monday. The firm has a market capitalization of $92.96 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 2.05 and a beta of 0.46. The firm’s fifty day simple moving average is $336.91 and its 200-day simple moving average is $310.09. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $360.50. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29.

General Dynamics (NYSE:GD) last posted its 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 return on equity of 18.27% and a net margin of 8.18%.The firm had revenue of $12.91 billion for the quarter, compared to analyst estimates of $12.49 billion. During the same quarter in the prior year, the company posted $3.35 earnings per share. 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. Equities analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Susquehanna lifted their price objective on shares of General Dynamics from $365.00 to $406.00 and gave the company a “positive” rating in a report on Monday, October 27th. 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a research report on Wednesday, October 8th. Vertical Research upgraded General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price objective on the stock in a research note on Monday, October 27th. Finally, Robert W. Baird set a $390.00 target price on General Dynamics in a research note on Monday, October 27th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $350.89.

Insider Transactions at General Dynamics

In other news, VP Christopher J. Brady sold 8,150 shares of the firm’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark Malcolm sold 3,220 shares of the business’s 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 sale, the director owned 10,186 shares of the company’s stock, valued at approximately $3,355,777.70. The trade was a 24.02% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 12,580 shares of company stock worth $4,064,484. Company insiders own 1.50% of the company’s stock.

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.