General Dynamics Corporation $GD Position Increased by Sigma Planning Corp

Sigma Planning Corp increased its position in General Dynamics Corporation (NYSE:GD) by 55.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,366 shares of the aerospace company’s stock after purchasing an additional 3,001 shares during the period. Sigma Planning Corp’s holdings in General Dynamics were worth $2,440,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GD. Brighton Jones LLC boosted its stake in shares of General Dynamics by 16.9% during the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after buying an additional 417 shares during the period. Callan Capital LLC acquired a new stake in shares of General Dynamics during the 1st quarter valued at $218,000. Financial Counselors Inc. boosted its stake in shares of General Dynamics by 7.0% during the 1st quarter. Financial Counselors Inc. now owns 3,204 shares of the aerospace company’s stock valued at $873,000 after buying an additional 209 shares during the period. Crossmark Global Holdings Inc. raised its holdings in shares of General Dynamics by 0.4% during the 1st quarter. Crossmark Global Holdings Inc. now owns 35,861 shares of the aerospace company’s stock valued at $9,775,000 after purchasing an additional 126 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC lifted its stake in shares of General Dynamics by 3.8% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 1,295 shares of the aerospace company’s stock valued at $353,000 after purchasing an additional 47 shares during the last quarter. 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, VP William A. Moss sold 17,700 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $316.40, for a total value of $5,600,280.00. Following the completion of the sale, the vice president owned 16,627 shares of the company’s stock, valued at approximately $5,260,782.80. This represents a 51.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of the company’s 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 sale, the vice president directly owned 22,818 shares of the company’s stock, valued at $7,328,685.24. The trade was a 26.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 193,110 shares of company stock valued at $60,778,364 over the last 90 days. Company insiders own 1.50% of the company’s stock.

General Dynamics Price Performance

NYSE:GD opened at $343.36 on Wednesday. The firm has a market cap of $92.75 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 2.05 and a beta of 0.47. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $360.50. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29. The company’s 50-day moving average price is $333.35 and its two-hundred day moving average price is $305.89.

General Dynamics (NYSE:GD) last announced its 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. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The company had revenue of $12.91 billion during the quarter, compared to the consensus estimate of $12.49 billion. During the same period in the previous year, the firm posted $3.35 earnings per share. The company’s 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. On average, equities analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

Analysts Set New Price Targets

GD has been the subject of several analyst reports. Seaport Res Ptn upgraded shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $400.00 target price on shares of General Dynamics in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on shares of General Dynamics from $345.00 to $380.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Wolfe Research lifted their target price on shares of General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Finally, Susquehanna lifted their target price on shares of General Dynamics from $365.00 to $406.00 and gave the stock a “positive” rating in a report on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Dynamics has a consensus rating of “Moderate Buy” and an average price target 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.