Mosaic Financial Group LLC Takes Position in General Dynamics Corporation $GD

Mosaic Financial Group LLC bought a new position in shares of General Dynamics Corporation (NYSE:GD) during the second quarter, Holdings Channel reports. The fund bought 728 shares of the aerospace company’s stock, valued at approximately $212,000.

Other large investors have also recently bought and sold shares of the company. Quarry LP raised its position 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 buying an additional 94 shares in the last quarter. Nova Wealth Management Inc. bought a new position in General Dynamics in the 1st quarter worth about $33,000. NewSquare Capital LLC raised its holdings in shares of 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 acquiring an additional 44 shares in the last quarter. Harbor Asset Planning Inc. bought a new stake in shares of General Dynamics during the 2nd quarter valued at about $35,000. Finally, Access Investment Management LLC purchased a new position in shares of General Dynamics during the second quarter worth about $35,000. 86.14% of the stock is owned by institutional investors.

General Dynamics Stock Up 1.8%

Shares of NYSE:GD opened at $346.58 on Monday. The stock’s 50-day moving average price is $334.45 and its 200-day moving average price is $307.42. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $360.50. The stock has a market capitalization of $93.62 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 2.05 and a beta of 0.46. 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 released its earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, beating analysts’ consensus estimates of $3.69 by $0.19. The company had revenue of $12.91 billion during the quarter, compared to analyst estimates of $12.49 billion. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.General Dynamics’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, equities analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

Analysts Set New Price Targets

GD has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of General Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Susquehanna lifted their price objective on shares of General Dynamics from $365.00 to $406.00 and gave the stock a “positive” rating in a report on Monday, October 27th. Barclays raised their price target on General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Citigroup upped their price objective on General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Finally, Vertical Research raised General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price objective on the stock in a report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, General Dynamics presently has a consensus rating of “Moderate Buy” and a consensus target price of $350.89.

Insider Buying and Selling

In other news, VP William A. Moss sold 17,700 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the completion of the sale, the vice president owned 16,627 shares of the company’s stock, valued at approximately $5,260,782.80. This represents a 51.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark Malcolm sold 3,220 shares of General Dynamics stock in a transaction 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 directly owned 10,186 shares in the company, valued at approximately $3,355,777.70. The trade was a 24.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 159,370 shares of company stock worth $50,143,516. 1.50% of the stock is owned by company 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.