Advisory Resource Group Acquires 239 Shares of General Dynamics Corporation $GD

Advisory Resource Group boosted its holdings in General Dynamics Corporation (NYSE:GD) by 1.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,439 shares of the aerospace company’s stock after acquiring an additional 239 shares during the period. General Dynamics accounts for 1.1% of Advisory Resource Group’s holdings, making the stock its 23rd biggest position. Advisory Resource Group’s holdings in General Dynamics were worth $5,670,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Quarry LP lifted its holdings in shares of General Dynamics by 783.3% during the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after buying an additional 94 shares in the last quarter. Nova Wealth Management Inc. acquired a new stake in shares of General Dynamics during the 1st quarter worth approximately $33,000. NewSquare Capital LLC increased its stake in General Dynamics by 64.7% in the second 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 last quarter. Harbor Asset Planning Inc. bought a new stake in General Dynamics during the second quarter worth $35,000. Finally, Access Investment Management LLC acquired a new position in General Dynamics during the second quarter worth about $35,000. 86.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other General Dynamics news, VP Christopher J. Brady sold 8,150 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $321.18, for a total value of $2,617,617.00. Following the transaction, the vice president directly owned 22,818 shares in the company, valued at $7,328,685.24. The trade was a 26.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 owned 10,186 shares in the company, valued at $3,355,777.70. This 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 90 days, insiders have sold 141,670 shares of company stock valued at $44,543,236. Company insiders own 1.50% of the company’s stock.

General Dynamics Stock Up 0.0%

Shares of NYSE:GD opened at $344.16 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $336.91 and its 200 day moving average is $309.56. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $360.50. The stock has a market cap of $92.96 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 2.05 and a beta of 0.46.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 earnings per share (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 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 in the prior year, the firm posted $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, sell-side analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GD. Susquehanna raised their target price on shares of General Dynamics from $365.00 to $406.00 and gave the company a “positive” rating in a research report on Monday, October 27th. Citigroup lifted their price target on shares of General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Seaport Res Ptn raised General Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. UBS Group lifted their target price on shares of General Dynamics from $369.00 to $381.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Finally, Barclays boosted their target price on shares of General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $350.89.

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.