Geode Capital Management LLC Has $1.68 Billion Holdings in General Dynamics Corporation $GD

Geode Capital Management LLC decreased its position in General Dynamics Corporation (NYSE:GD) by 0.0% in the second quarter, HoldingsChannel reports. The firm owned 5,769,294 shares of the aerospace company’s stock after selling 2,507 shares during the period. Geode Capital Management LLC’s holdings in General Dynamics were worth $1,679,349,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP increased its position in 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 during the last quarter. Nova Wealth Management Inc. bought a new position in shares of General Dynamics in the 1st quarter valued at approximately $33,000. NewSquare Capital LLC lifted its holdings in General Dynamics by 64.7% in the 2nd quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 44 shares during the last quarter. Harbor Asset Planning Inc. acquired a new position in General Dynamics during the second quarter valued at approximately $35,000. Finally, Access Investment Management LLC acquired a new stake in shares of General Dynamics in the second quarter worth $35,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 129,090 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the sale, the chief executive officer directly owned 769,607 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher J. Brady sold 8,150 shares of General Dynamics stock in a transaction that occurred on Monday, August 25th. The shares were 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. Insiders have sold a total of 141,670 shares of company stock worth $44,543,236 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.

General Dynamics Price Performance

Shares of General Dynamics stock opened at $349.44 on Thursday. The firm has a market cap of $94.39 billion, a P/E ratio of 22.65, a price-to-earnings-growth ratio of 2.05 and a beta of 0.46. The firm’s 50-day simple moving average is $336.05 and its 200-day simple moving average is $308.81. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month 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.

General Dynamics (NYSE:GD) last released its quarterly earnings data 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 return on equity of 18.27% and a net margin of 8.18%.The company had revenue of $12.91 billion for the quarter, compared to the consensus estimate of $12.49 billion. During the same period in the previous year, the business earned $3.35 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, research analysts expect that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on GD. Seaport Res Ptn raised shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Robert W. Baird set a $390.00 price objective on General Dynamics in a research report on Monday, October 27th. Wall Street Zen raised General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. 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 report on Tuesday, October 28th. Finally, Susquehanna raised their price objective on shares of General Dynamics from $365.00 to $406.00 and gave the stock a “positive” rating in a research note on Monday, October 27th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $350.89.

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.