General Dynamics Corporation $GD Shares Acquired by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. increased its holdings in General Dynamics Corporation (NYSE:GD) by 9.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,513 shares of the aerospace company’s stock after buying an additional 1,639 shares during the quarter. Avantax Advisory Services Inc.’s holdings in General Dynamics were worth $5,691,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in GD. Mesirow Financial Investment Management Inc. raised its stake in shares of General Dynamics by 31.3% in the 1st quarter. Mesirow Financial Investment Management Inc. now owns 5,598 shares of the aerospace company’s stock worth $1,526,000 after buying an additional 1,333 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of General Dynamics by 10.4% in 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 purchasing an additional 43,885 shares during the period. Natixis Advisors LLC increased its stake in General Dynamics by 8.2% in the 1st quarter. Natixis Advisors LLC now owns 269,515 shares of the aerospace company’s stock worth $73,464,000 after purchasing an additional 20,491 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in General Dynamics by 25.0% during the 1st quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 23,250 shares of the aerospace company’s stock worth $6,337,000 after buying an additional 4,650 shares during the period. Finally, Los Angeles Capital Management LLC lifted its position in shares of General Dynamics by 20.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 299,137 shares of the aerospace company’s stock valued at $87,246,000 after acquiring an additional 51,655 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Stock Down 0.1%

Shares of NYSE:GD opened at $341.37 on Wednesday. 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 company’s fifty day moving average is $337.69 and its 200-day moving average is $311.06. The company has a market capitalization of $92.21 billion, a PE ratio of 22.12, a P/E/G ratio of 2.05 and a beta of 0.46.

General Dynamics (NYSE:GD) last announced its earnings results 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 analysts’ expectations of $12.49 billion. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the company posted $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Equities research analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GD. Susquehanna increased their target price on shares of General Dynamics from $365.00 to $406.00 and gave the stock a “positive” rating in a research report on Monday, October 27th. Sanford C. Bernstein increased their price objective on General Dynamics from $335.00 to $388.00 and gave the stock a “market perform” rating in a report on Tuesday, October 28th. 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. Morgan Stanley set a $385.00 price target on shares of General Dynamics in a research note on Monday, October 27th. Finally, UBS Group raised their target price on shares of General Dynamics from $369.00 to $381.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $353.85.

Insider Activity

In other General Dynamics news, Director Mark Malcolm sold 3,220 shares of the stock in a transaction dated 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 sale, the director owned 10,186 shares of the company’s stock, valued at $3,355,777.70. This represents a 24.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher J. Brady sold 8,150 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the completion of the transaction, 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 disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 12,580 shares of company stock worth $4,064,484. 1.50% of the stock is owned by corporate insiders.

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.