Allianz SE Trims Position in General Dynamics Corporation $GD

Allianz SE lessened its stake in General Dynamics Corporation (NYSE:GD) by 54.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 340 shares of the aerospace company’s stock after selling 411 shares during the period. Allianz SE’s holdings in General Dynamics were worth $99,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the business. Nuveen LLC purchased a new position in shares of General Dynamics during the 1st quarter valued at about $272,464,000. Ameriprise Financial Inc. boosted its stake in shares of General Dynamics by 34.8% in the first quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock worth $749,252,000 after acquiring an additional 709,782 shares during the last quarter. Deutsche Bank AG boosted its stake in General Dynamics by 120.9% during the 1st quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company’s stock worth $343,866,000 after purchasing an additional 690,349 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of General Dynamics by 4.9% during the 1st quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock worth $1,499,819,000 after purchasing an additional 256,687 shares during the last quarter. Finally, Vident Advisory LLC raised its holdings in shares of General Dynamics by 183.1% during the 1st quarter. Vident Advisory LLC now owns 261,484 shares of the aerospace company’s stock worth $71,276,000 after acquiring an additional 169,120 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Stock Up 0.0%

Shares of NYSE:GD opened at $344.16 on Friday. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $360.50. The company has a 50 day moving average of $336.91 and a two-hundred day moving average of $309.56. 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 company has a market capitalization of $92.96 billion, a price-to-earnings ratio of 22.30, a price-to-earnings-growth 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 for the quarter, beating the consensus estimate of $3.69 by $0.19. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The firm had revenue of $12.91 billion for the quarter, compared to the consensus estimate of $12.49 billion. During the same period last year, the firm posted $3.35 EPS. General Dynamics’s quarterly 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, analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

Insider Buying and Selling at General Dynamics

In related news, CEO Phebe N. Novakovic sold 129,090 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $313.57, for a total value of $40,478,751.30. Following the completion of the sale, the chief executive officer directly owned 769,607 shares in the company, valued at approximately $241,325,666.99. This represents a 14.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark Malcolm sold 3,220 shares of the firm’s stock in a transaction 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 completion of the transaction, the director owned 10,186 shares in the company, valued at $3,355,777.70. The trade was a 24.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 141,670 shares of company stock valued at $44,543,236 in the last quarter. Company insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

GD has been the topic of several research analyst reports. 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. UBS Group boosted their price target 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. JPMorgan Chase & Co. upped their target price on shares of General Dynamics from $345.00 to $380.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Wall Street Zen upgraded General Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Finally, Seaport Res Ptn raised shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. 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 issued a Sell rating to the company. Based on data from MarketBeat, General Dynamics presently 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.