Atlantic Union Bankshares Corp Purchases 1,639 Shares of General Dynamics Corporation $GD

Atlantic Union Bankshares Corp raised its position in shares of General Dynamics Corporation (NYSE:GD) by 164.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,633 shares of the aerospace company’s stock after purchasing an additional 1,639 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in General Dynamics were worth $768,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP lifted 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 valued at $29,000 after acquiring an additional 94 shares in the last quarter. NewSquare Capital LLC raised its stake in General Dynamics by 64.7% during the 2nd quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 44 shares during the period. Harbor Asset Planning Inc. purchased a new position in General Dynamics in the 2nd quarter worth approximately $35,000. Access Investment Management LLC bought a new position in General Dynamics in the 2nd quarter worth approximately $35,000. Finally, Nova Wealth Management Inc. purchased a new stake in General Dynamics during the 1st quarter valued at approximately $33,000. 86.14% of the stock is currently owned by institutional investors.

Insider Activity at General Dynamics

In other General Dynamics news, Director Mark Malcolm sold 3,220 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $329.45, for a total value of $1,060,829.00. Following the completion of the sale, the director directly owned 10,186 shares of the company’s stock, valued at $3,355,777.70. The trade was a 24.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Phebe N. Novakovic sold 129,090 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the transaction, the chief executive officer directly owned 769,607 shares in the company, valued at approximately $241,325,666.99. This trade represents a 14.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 159,370 shares of company stock worth $50,143,516. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

GD has been the topic of a number of research reports. Wall Street Zen upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Morgan Stanley set a $385.00 target price on General Dynamics in a report on Monday, October 27th. Barclays increased their price target on General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. 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 research note on Monday, October 27th. Finally, Citigroup raised 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. Two 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $350.89.

General Dynamics Price Performance

Shares of GD stock opened at $346.58 on Friday. The stock has a 50 day moving average price of $334.45 and a 200 day moving average price of $307.13. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $360.50. 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 $93.62 billion, a P/E ratio of 22.46, a P/E/G ratio of 2.05 and a beta of 0.46.

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, topping analysts’ consensus estimates of $3.69 by $0.19. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The business had revenue of $12.91 billion for the quarter, compared to analyst estimates of $12.49 billion. During the same quarter last year, the firm posted $3.35 earnings per share. The business’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. As a group, sell-side analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Company 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.