Moors & Cabot Inc. Reduces Stock Holdings in General Dynamics Corporation $GD

Moors & Cabot Inc. reduced its position in General Dynamics Corporation (NYSE:GD) by 5.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,341 shares of the aerospace company’s stock after selling 269 shares during the quarter. Moors & Cabot Inc.’s holdings in General Dynamics were worth $1,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in GD. Quarry LP increased its stake in shares of General Dynamics by 783.3% in the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 94 shares in the last quarter. NewSquare Capital LLC lifted its stake in shares of General Dynamics by 64.7% during 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. bought a new position in General Dynamics in the 2nd quarter worth approximately $35,000. Access Investment Management LLC purchased a new position in General Dynamics in the 2nd quarter valued at approximately $35,000. Finally, Nova Wealth Management Inc. bought a new stake in General Dynamics during the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

Shares of GD stock opened at $340.35 on Friday. The company has a market capitalization of $91.94 billion, a P/E ratio of 22.06, a PEG ratio of 2.05 and a beta of 0.46. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $360.50. 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 stock has a 50 day moving average price of $334.01 and a two-hundred day moving average price of $306.39.

General Dynamics (NYSE:GD) last issued its earnings results on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, topping the consensus estimate of $3.69 by $0.19. The company had revenue of $12.91 billion for 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%. The firm’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. Analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Mark Malcolm sold 3,220 shares of the company’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 transaction of $1,060,829.00. Following the completion of the transaction, the director owned 10,186 shares in the company, valued at $3,355,777.70. This represents a 24.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher J. Brady sold 8,150 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the transaction, 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 sold 159,370 shares of company stock valued at $50,143,516 over the last three months. Company insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on GD shares. Wall Street Zen upgraded General Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Vertical Research upgraded General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 target price for the company in a research report on Monday, October 27th. Bank of America boosted their price objective on General Dynamics from $370.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Seaport Res Ptn raised shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. Finally, JPMorgan Chase & Co. increased their target price on General Dynamics from $345.00 to $380.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, General Dynamics has a consensus rating of “Moderate Buy” and an average price target of $350.89.

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.