Thoroughbred Financial Services LLC Lowers Holdings in General Dynamics Corporation $GD

Thoroughbred Financial Services LLC trimmed its stake in General Dynamics Corporation (NYSE:GD) by 20.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,288 shares of the aerospace company’s stock after selling 1,136 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in General Dynamics were worth $1,250,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of GD. Brighton Jones LLC increased its stake in General Dynamics by 16.9% during the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after purchasing an additional 417 shares in the last quarter. Larson Financial Group LLC raised its holdings in General Dynamics by 32.8% in the 1st quarter. Larson Financial Group LLC now owns 939 shares of the aerospace company’s stock worth $256,000 after acquiring an additional 232 shares during the last quarter. Graypoint LLC lifted its position in General Dynamics by 3.1% in the 1st quarter. Graypoint LLC now owns 2,227 shares of the aerospace company’s stock valued at $607,000 after acquiring an additional 68 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in General Dynamics by 3.0% during the 1st quarter. Kingsview Wealth Management LLC now owns 9,816 shares of the aerospace company’s stock valued at $2,676,000 after purchasing an additional 290 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of General Dynamics by 38.2% in the 1st quarter. Private Advisor Group LLC now owns 31,047 shares of the aerospace company’s stock worth $8,463,000 after purchasing an additional 8,585 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Price Performance

Shares of General Dynamics stock opened at $344.16 on Friday. The stock has a market cap of $92.96 billion, a P/E ratio of 22.30, a P/E/G ratio of 2.05 and a beta of 0.46. 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’s fifty day moving average is $336.91 and its 200 day moving average is $309.82. General Dynamics Corporation has a one year low of $239.20 and a one year high of $360.50.

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

Insider Transactions at General Dynamics

In other news, CEO Phebe N. Novakovic sold 129,090 shares of the firm’s stock in a transaction 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 sale, the chief executive officer directly owned 769,607 shares in the company, valued at $241,325,666.99. This trade represents a 14.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher J. Brady sold 8,150 shares of the company’s stock in a transaction 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 completion of the transaction, the vice president directly owned 22,818 shares of the company’s stock, valued at $7,328,685.24. This represents a 26.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 141,670 shares of company stock valued at $44,543,236 over the last three months. Corporate insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

GD has been the topic of several recent analyst reports. Melius Research raised General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 28th. JPMorgan Chase & Co. raised their price target on shares of General Dynamics from $345.00 to $380.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Susquehanna boosted their price objective 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. Wall Street Zen upgraded General Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Finally, Citigroup upped their price objective on General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.