Profund Advisors LLC Buys 257 Shares of General Dynamics Corporation $GD

Profund Advisors LLC lifted its stake in shares of General Dynamics Corporation (NYSE:GD) by 10.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,831 shares of the aerospace company’s stock after acquiring an additional 257 shares during the quarter. Profund Advisors LLC’s holdings in General Dynamics were worth $826,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

GD has been the subject of a number of recent analyst reports. Sanford C. Bernstein upped 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. JPMorgan Chase & Co. upped their price target on General Dynamics from $345.00 to $380.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. Melius Research raised shares of General Dynamics to a “strong-buy” rating in a report on Tuesday, October 28th. Vertical Research upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price objective on the stock in a research report on Monday, October 27th. Finally, The Goldman Sachs Group upped their target price on shares of General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a research report on Friday, October 10th. Two equities research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $350.89.

General Dynamics Stock Performance

NYSE:GD opened at $352.17 on Wednesday. The company has a market cap of $95.13 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 2.05 and a beta of 0.46. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $360.50. The stock’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 current ratio of 1.40 and a quick ratio of 0.87.

General Dynamics (NYSE:GD) last posted its earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $12.49 billion. General Dynamics’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the firm posted $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, equities analysts anticipate 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, Director Mark Malcolm sold 3,220 shares of General Dynamics stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $329.45, for a total value of $1,060,829.00. Following the completion of the transaction, the director owned 10,186 shares in the company, valued at approximately $3,355,777.70. This trade represents a 24.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Phebe N. Novakovic sold 129,090 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer owned 769,607 shares in the company, valued at approximately $241,325,666.99. This trade represents a 14.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 159,370 shares of company stock valued at $50,143,516. Corporate insiders own 1.50% of the company’s stock.

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.