SG Americas Securities LLC Sells 162,649 Shares of General Dynamics Corporation $GD

SG Americas Securities LLC cut its position in shares of General Dynamics Corporation (NYSE:GD) by 73.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 58,835 shares of the aerospace company’s stock after selling 162,649 shares during the quarter. SG Americas Securities LLC’s holdings in General Dynamics were worth $17,160,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of General Dynamics by 4.9% in the first quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock worth $1,499,819,000 after purchasing an additional 256,687 shares in the last quarter. Ameriprise Financial Inc. increased its position in General Dynamics by 34.8% during the first quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock worth $749,252,000 after buying an additional 709,782 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in General Dynamics by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,582,388 shares of the aerospace company’s stock valued at $431,327,000 after acquiring an additional 5,313 shares during the period. Boston Partners lifted its holdings in General Dynamics by 9.0% during the 2nd quarter. Boston Partners now owns 1,413,021 shares of the aerospace company’s stock valued at $413,812,000 after purchasing an additional 116,524 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of General Dynamics by 120.9% in the first quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company’s stock valued at $343,866,000 after purchasing an additional 690,349 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Up 0.0%

NYSE GD opened at $344.16 on Friday. The business has a fifty day moving average price of $336.91 and a two-hundred day moving average price of $309.82. The stock has a market capitalization of $92.96 billion, a PE ratio of 22.30, 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 current ratio of 1.40 and a quick ratio of 0.87.

General Dynamics (NYSE:GD) last posted its quarterly 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 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 quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the company posted $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Equities analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

Insider Activity at General Dynamics

In other news, Director Mark Malcolm sold 3,220 shares of the business’s stock in a transaction dated 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, 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 SEC filing for this sale provides additional information. Insiders have sold a total of 141,670 shares of company stock valued at $44,543,236 in the last 90 days. 1.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GD. Susquehanna increased their price target 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. The Goldman Sachs Group lifted their price target on General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a report on Friday, October 10th. Wall Street Zen raised General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Seaport Res Ptn upgraded shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Finally, Bank of America lifted their price objective on shares of General Dynamics from $370.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, General Dynamics currently has an average rating of “Moderate Buy” and a consensus target price 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.