General Dynamics Corporation $GD Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its holdings in shares of General Dynamics Corporation (NYSE:GD) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,560,896 shares of the aerospace company’s stock after selling 50,083 shares during the quarter. Vanguard Group Inc. owned about 8.76% of General Dynamics worth $6,871,771,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Quarry LP boosted its holdings in shares of General Dynamics by 783.3% during the 1st quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 94 shares during the last quarter. Nova Wealth Management Inc. acquired a new position in General Dynamics during the first quarter worth $33,000. NewSquare Capital LLC grew its holdings in General Dynamics by 64.7% in the 2nd quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock valued at $33,000 after buying an additional 44 shares in the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of General Dynamics during the 2nd quarter worth $35,000. Finally, Access Investment Management LLC acquired a new position in shares of General Dynamics during the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on GD shares. JPMorgan Chase & Co. lifted their target price on shares of General Dynamics from $345.00 to $380.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Citigroup lifted their price target on shares of General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Wall Street Zen upgraded General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Barclays raised their target price on General Dynamics from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $400.00 price target on shares of General Dynamics in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $353.85.

Insider Activity

In other news, Director Mark Malcolm sold 3,220 shares of the firm’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 transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of the company’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 transaction of $2,617,617.00. Following 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 SEC filing for this sale provides additional information. Insiders have sold 12,580 shares of company stock worth $4,064,484 in the last three months. Corporate insiders own 1.50% of the company’s stock.

General Dynamics Stock Down 0.1%

NYSE:GD opened at $341.37 on Wednesday. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $360.50. The stock’s fifty day moving average is $337.69 and its two-hundred day moving average is $311.06. The stock has a market capitalization of $92.21 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 2.05 and a beta of 0.46. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29.

General Dynamics (NYSE:GD) last posted its quarterly earnings data 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. 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 the consensus estimate of $12.49 billion. During the same quarter in the previous year, the business earned $3.35 EPS. The company’s quarterly 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. Research analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current year.

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.