Mitsubishi UFJ Asset Management Co. Ltd. Acquires 25,901 Shares of General Dynamics Corporation $GD

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of General Dynamics Corporation (NYSE:GD) by 5.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 489,818 shares of the aerospace company’s stock after buying an additional 25,901 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.18% of General Dynamics worth $142,860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in General Dynamics by 4.9% in the 1st quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock valued at $1,499,819,000 after acquiring an additional 256,687 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of General Dynamics by 34.8% during the first quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock valued at $749,252,000 after purchasing an additional 709,782 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of General Dynamics by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,582,388 shares of the aerospace company’s stock worth $431,327,000 after purchasing an additional 5,313 shares during the last quarter. Boston Partners lifted its position in shares of General Dynamics by 7.9% in the first quarter. Boston Partners now owns 1,296,497 shares of the aerospace company’s stock worth $353,558,000 after buying an additional 94,537 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in General Dynamics by 120.9% during the first quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company’s stock valued at $343,866,000 after buying an additional 690,349 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Activity at General Dynamics

In related news, VP Christopher J. Brady sold 8,150 shares of the firm’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 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP William A. Moss sold 17,700 shares of the business’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the completion of the sale, the vice president directly owned 16,627 shares of the company’s stock, valued at approximately $5,260,782.80. This trade represents a 51.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 159,370 shares of company stock valued at $50,143,516. Company insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on GD shares. Sanford C. Bernstein lifted their price objective on General Dynamics from $335.00 to $388.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $400.00 price target on shares of General Dynamics in a research report on Wednesday, October 8th. Wall Street Zen raised shares of General Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. UBS Group lifted their price objective 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, Wolfe Research upped their target price on shares of General Dynamics from $360.00 to $400.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, General Dynamics currently has an average rating of “Moderate Buy” and a consensus target price of $350.89.

General Dynamics Trading Up 1.8%

GD opened at $346.58 on Friday. General Dynamics Corporation has a one year low of $239.20 and a one year 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 stock has a market cap of $93.62 billion, a price-to-earnings ratio of 22.46, a P/E/G ratio of 2.05 and a beta of 0.46. The stock’s 50 day moving average price is $334.45 and its 200-day moving average price is $307.13.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 earnings per share (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 company had revenue of $12.91 billion during the quarter, compared to analysts’ expectations of $12.49 billion. During the same quarter in the previous year, the business earned $3.35 EPS. General Dynamics’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. On average, equities analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics 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.