PAX Financial Group LLC Decreases Position in General Dynamics Corporation $GD

PAX Financial Group LLC lessened its stake in General Dynamics Corporation (NYSE:GD) by 34.0% during the second quarter, HoldingsChannel reports. The firm owned 992 shares of the aerospace company’s stock after selling 510 shares during the period. PAX Financial Group LLC’s holdings in General Dynamics were worth $289,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP raised 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 valued at $29,000 after buying an additional 94 shares during the period. Nova Wealth Management Inc. purchased a new stake in General Dynamics in the 1st quarter worth about $33,000. NewSquare Capital LLC raised its stake in 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 during the period. Harbor Asset Planning Inc. purchased a new stake in General Dynamics during the second quarter valued at about $35,000. Finally, Access Investment Management LLC bought a new position in General Dynamics during the second quarter worth about $35,000. 86.14% of the stock is owned by institutional investors.

Insider Activity at General Dynamics

In other news, VP Christopher J. Brady sold 8,150 shares of the firm’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 sale, the vice president owned 22,818 shares in the company, valued at approximately $7,328,685.24. This trade represents a 26.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mark Malcolm sold 3,220 shares of the company’s 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 owned 10,186 shares of the company’s stock, valued at $3,355,777.70. This trade represents a 24.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 12,580 shares of company stock valued at $4,064,484. 1.50% of the stock is currently owned by company insiders.

General Dynamics Price Performance

NYSE:GD opened at $341.83 on Tuesday. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $360.50. The stock has a fifty day moving average of $337.29 and a 200 day moving average of $310.58. 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 firm has a market capitalization of $92.33 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 2.05 and a beta of 0.46.

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

Analyst Upgrades and Downgrades

GD has been the topic of several research reports. UBS Group boosted their price target on shares of General Dynamics from $369.00 to $381.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. Bank of America boosted their target price on shares of General Dynamics from $370.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. Sanford C. Bernstein raised their price target on General Dynamics from $335.00 to $388.00 and gave the stock a “market perform” rating in a report on Tuesday, October 28th. The Goldman Sachs Group boosted their price objective on General Dynamics from $280.00 to $293.00 and gave the company a “sell” rating in a research note on Friday, October 10th. Finally, Susquehanna increased their price objective on General Dynamics from $365.00 to $406.00 and gave the stock a “positive” rating in a report on Monday, October 27th. Two 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $350.89.

About General Dynamics

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.