2,574 General Dynamics Corporation $GD Shares Bought by Brighton Jones LLC

Brighton Jones LLC grew its holdings in General Dynamics Corporation (NYSE:GD) by 24.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,025 shares of the aerospace company’s stock after purchasing an additional 2,574 shares during the period. Brighton Jones LLC’s holdings in General Dynamics were worth $4,322,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of General Dynamics during the second quarter valued at $6,840,590,000. Bank of America Corp DE bought a new position in General Dynamics in the 2nd quarter worth about $2,603,527,000. Corient Private Wealth LP purchased a new position in shares of General Dynamics during the second quarter worth approximately $57,986,000. Bank of New York Mellon Corp purchased a new position in shares of General Dynamics during the second quarter worth approximately $429,073,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of General Dynamics during the second quarter valued at approximately $224,983,000. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Price Performance

Shares of NYSE GD opened at $353.88 on Monday. General Dynamics Corporation has a fifty-two week low of $306.77 and a fifty-two week high of $400.00. The company has a market cap of $95.63 billion, a PE ratio of 20.82, a P/E/G ratio of 1.99 and a beta of 0.30. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.43. The business has a 50-day simple moving average of $349.76 and a two-hundred day simple moving average of $355.05.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Friday, October 30th. The aerospace company reported $4.49 EPS for the quarter, beating the consensus estimate of $4.12 by $0.37. The firm had revenue of $14.57 billion during the quarter, compared to analyst estimates of $13.72 billion. General Dynamics had a net margin of 8.24% and a return on equity of 17.60%. General Dynamics’s revenue was up 12.9% on a year-over-year basis. During the same period last year, the firm posted $3.88 EPS. As a group, equities analysts expect that General Dynamics Corporation will post 17.29 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $384.00 price target on shares of General Dynamics in a research note on Thursday, July 30th. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research note on Monday, September 28th. Wells Fargo & Company raised their price objective on General Dynamics from $400.00 to $440.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Susquehanna lifted their target price on General Dynamics from $420.00 to $455.00 and gave the company a “positive” rating in a research report on Thursday, July 30th. Finally, BNP Paribas Exane lifted their target price on General Dynamics from $390.00 to $430.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $408.94.

Insider Activity at General Dynamics

In other news, Director Robert K. Steel sold 7,440 shares of the business’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $346.05, for a total transaction of $2,574,612.00. Following the sale, the director directly owned 3,096 shares of the company’s stock, valued at $1,071,370.80. The trade was a 70.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.40% of the company’s stock.

About General Dynamics

General Dynamics Corporation is an aerospace and defense company that develops and manufactures products and provides services for commercial, government and military customers. Its businesses span aerospace, marine systems, combat systems and defense technologies.

The company makes Gulfstream business jets and provides aircraft services. Its marine systems operations design and build submarines and surface ships, while its combat systems business produces military vehicles, weapons systems and munitions.