Virtus Investment Advisers LLC Invests $1.49 Million in General Dynamics Corporation $GD

Virtus Investment Advisers LLC purchased a new stake in shares of General Dynamics Corporation (NYSE:GD) during the 2nd quarter, Holdings Channel reports. The fund purchased 5,092 shares of the aerospace company’s stock, valued at approximately $1,485,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Nuveen LLC bought a new stake in General Dynamics during the 1st quarter worth about $272,464,000. Ameriprise Financial Inc. boosted its holdings in General Dynamics by 34.8% during the first quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock worth $749,252,000 after purchasing an additional 709,782 shares during the last quarter. Deutsche Bank AG raised its holdings 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 worth $343,866,000 after acquiring an additional 690,349 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of General Dynamics by 142.5% in the second quarter. Prudential Financial Inc. now owns 438,311 shares of the aerospace company’s stock valued at $127,838,000 after buying an additional 257,534 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted 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 valued at $1,499,819,000 after purchasing an additional 256,687 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Stock Performance

NYSE:GD opened at $340.32 on Friday. The firm has a market cap of $91.93 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 2.05 and a beta of 0.46. 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 business’s fifty day moving average is $339.71 and its 200 day moving average is $313.87. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $360.50.

General Dynamics (NYSE:GD) last issued its quarterly earnings results 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. The firm had revenue of $12.91 billion during the quarter, compared to the consensus estimate of $12.49 billion. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The company’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. Research analysts predict that General Dynamics Corporation will post 14.83 EPS for the current year.

Insider Transactions at General Dynamics

In other General Dynamics news, Director Mark Malcolm sold 3,220 shares of the business’s stock in a transaction that occurred on 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 sale, the director owned 10,186 shares in the company, valued at approximately $3,355,777.70. The trade was a 24.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

GD has been the subject of a number of research reports. Melius Research raised General Dynamics to a “strong-buy” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a research note on Wednesday, October 8th. Susquehanna lifted their price objective on shares of General Dynamics from $365.00 to $406.00 and gave the company a “positive” rating in a research note on Monday, October 27th. Vertical Research raised shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price target for the company in a research report on Monday, October 27th. Finally, Morgan Stanley set a $385.00 price target on General Dynamics in a research report on Monday, October 27th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $358.10.

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.