Renasant Bank Raises Holdings in General Dynamics Corporation $GD

Renasant Bank raised its position in General Dynamics Corporation (NYSE:GD) by 44.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,351 shares of the aerospace company’s stock after purchasing an additional 1,337 shares during the period. Renasant Bank’s holdings in General Dynamics were worth $1,269,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of GD. 1858 Wealth Management LLC boosted its position in General Dynamics by 1.0% during the second quarter. 1858 Wealth Management LLC now owns 3,256 shares of the aerospace company’s stock worth $950,000 after acquiring an additional 32 shares during the last quarter. Nicholson Wealth Management Group LLC lifted its stake in General Dynamics by 0.5% in the 2nd quarter. Nicholson Wealth Management Group LLC now owns 6,582 shares of the aerospace company’s stock worth $1,920,000 after purchasing an additional 33 shares in the last quarter. Gilbert & Cook Inc. boosted its holdings in shares of General Dynamics by 1.4% during the 2nd quarter. Gilbert & Cook Inc. now owns 2,389 shares of the aerospace company’s stock worth $697,000 after purchasing an additional 33 shares during the last quarter. Crewe Advisors LLC grew its position in shares of General Dynamics by 10.9% in the second quarter. Crewe Advisors LLC now owns 347 shares of the aerospace company’s stock valued at $101,000 after purchasing an additional 34 shares in the last quarter. Finally, CVA Family Office LLC increased its holdings in shares of General Dynamics by 1.5% in the second quarter. CVA Family Office LLC now owns 2,256 shares of the aerospace company’s stock valued at $658,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Sanford C. Bernstein boosted their price objective on General Dynamics from $335.00 to $388.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 28th. UBS Group upped their price objective on shares of General Dynamics from $369.00 to $381.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Vertical Research raised shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 target price on the stock in a research note on Monday, October 27th. Citigroup boosted their target price on shares of General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Finally, Seaport Res Ptn upgraded shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. Two equities research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $350.89.

General Dynamics Trading Up 0.8%

Shares of GD stock opened at $352.17 on Wednesday. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $360.50. The firm has a market cap of $95.13 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 2.05 and a beta of 0.46. The company has a 50-day moving average of $335.51 and a two-hundred day moving average of $308.53. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87.

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

Insider Buying and Selling at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 8,150 shares of the business’s stock in a transaction dated 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 sale, the vice president directly owned 22,818 shares in the company, valued at $7,328,685.24. This represents a 26.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Phebe N. Novakovic sold 129,090 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the completion of the transaction, the chief executive officer directly owned 769,607 shares of the company’s stock, valued at approximately $241,325,666.99. The trade was a 14.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 159,370 shares of company stock valued at $50,143,516 over the last three months. 1.50% of the stock is currently 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.