Ceredex Value Advisors LLC Sells 22,450 Shares of General Dynamics Corporation $GD

Ceredex Value Advisors LLC decreased its position in General Dynamics Corporation (NYSE:GD) by 20.3% in the second quarter, Holdings Channel reports. The firm owned 88,125 shares of the aerospace company’s stock after selling 22,450 shares during the period. Ceredex Value Advisors LLC’s holdings in General Dynamics were worth $25,703,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GD. 1858 Wealth Management LLC grew its position in shares of General Dynamics by 1.0% during the 2nd quarter. 1858 Wealth Management LLC now owns 3,256 shares of the aerospace company’s stock worth $950,000 after buying an additional 32 shares in the last quarter. Nicholson Wealth Management Group LLC lifted its stake in General Dynamics by 0.5% in the second quarter. Nicholson Wealth Management Group LLC now owns 6,582 shares of the aerospace company’s stock worth $1,920,000 after acquiring an additional 33 shares during the period. Gilbert & Cook Inc. grew its holdings in General Dynamics by 1.4% during the 2nd quarter. Gilbert & Cook Inc. now owns 2,389 shares of the aerospace company’s stock worth $697,000 after acquiring an additional 33 shares in the last quarter. Crewe Advisors LLC increased its position in General Dynamics by 10.9% during the 2nd quarter. Crewe Advisors LLC now owns 347 shares of the aerospace company’s stock valued at $101,000 after purchasing an additional 34 shares during the period. Finally, CVA Family Office LLC raised its holdings in shares of General Dynamics by 1.5% in the 2nd quarter. CVA Family Office LLC now owns 2,256 shares of the aerospace company’s stock valued at $658,000 after purchasing an additional 34 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Trading Down 0.2%

General Dynamics stock opened at $340.32 on Friday. 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 $91.93 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 2.05 and a beta of 0.46. The stock has a 50-day moving average of $339.71 and a two-hundred day moving average of $313.87. General Dynamics Corporation has a one year low of $239.20 and a one year 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 for the quarter, topping analysts’ consensus estimates of $3.69 by $0.19. The business had revenue of $12.91 billion for the quarter, compared to analyst estimates 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 was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, research analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

Insider Transactions at General Dynamics

In other General Dynamics news, Director Mark Malcolm sold 3,220 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were 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 of the company’s stock, 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 filing with the SEC, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Seaport Res Ptn upgraded shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Argus increased their target price on General Dynamics from $345.00 to $380.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. JPMorgan Chase & Co. boosted their price target on General Dynamics from $345.00 to $380.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. BNP Paribas raised General Dynamics to a “strong-buy” rating in a research report on Tuesday, November 18th. Finally, Vertical Research upgraded General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 target price on the stock in a research note on Monday, October 27th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, General Dynamics presently has an average rating of “Moderate Buy” and a consensus price target of $358.10.

About General Dynamics

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.