Acadian Asset Management LLC Raises Stock Position in General Dynamics Corporation $GD

Acadian Asset Management LLC lifted its stake in shares of General Dynamics Corporation (NYSE:GD) by 1,588.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 58,154 shares of the aerospace company’s stock after acquiring an additional 54,709 shares during the quarter. Acadian Asset Management LLC’s holdings in General Dynamics were worth $16,954,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mesirow Financial Investment Management Inc. increased its holdings in General Dynamics by 31.3% during the first quarter. Mesirow Financial Investment Management Inc. now owns 5,598 shares of the aerospace company’s stock valued at $1,526,000 after buying an additional 1,333 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in General Dynamics by 10.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 463,917 shares of the aerospace company’s stock valued at $126,454,000 after acquiring an additional 43,885 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of General Dynamics by 8.2% in the 1st quarter. Natixis Advisors LLC now owns 269,515 shares of the aerospace company’s stock valued at $73,464,000 after acquiring an additional 20,491 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in shares of General Dynamics by 25.0% in the 1st quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 23,250 shares of the aerospace company’s stock valued at $6,337,000 after acquiring an additional 4,650 shares during the period. Finally, Catalyst Financial Partners LLC bought a new position in shares of General Dynamics in the 1st quarter worth $488,000. Institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling

In other news, 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 sale, the vice president owned 22,818 shares of the company’s stock, valued at $7,328,685.24. This trade represents a 26.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark Malcolm sold 3,220 shares of General Dynamics stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the transaction, the director directly owned 10,186 shares of the company’s stock, valued at approximately $3,355,777.70. This trade represents a 24.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 159,370 shares of company stock worth $50,143,516 over the last ninety days. 1.50% of the stock is owned by corporate insiders.

General Dynamics Stock Up 0.8%

General Dynamics stock opened at $352.17 on Wednesday. The business’s 50-day simple moving average is $335.51 and its two-hundred day simple moving average is $308.53. 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 company has a market cap of $95.13 billion, a PE ratio of 22.82, 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.

General Dynamics (NYSE:GD) last issued its earnings results on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, beating 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 firm had revenue of $12.91 billion for the quarter, compared to analyst estimates of $12.49 billion. During the same quarter in the prior year, the firm earned $3.35 earnings per share. General Dynamics’s revenue for the quarter was up 10.6% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Equities analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on GD shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $400.00 target price on shares of General Dynamics in a research note on Wednesday, October 8th. Robert W. Baird set a $390.00 target price on shares of General Dynamics in a research report on Monday, October 27th. 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. Melius Research raised General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, Vertical Research raised General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price objective for the company in a research report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.