Intech Investment Management LLC Increases Position in General Dynamics Corporation $GD

Intech Investment Management LLC boosted its holdings in General Dynamics Corporation (NYSE:GD) by 42.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,772 shares of the aerospace company’s stock after buying an additional 3,211 shares during the period. Intech Investment Management LLC’s holdings in General Dynamics were worth $3,142,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GD. Sculati Wealth Management LLC boosted its holdings in General Dynamics by 2.3% in the 2nd quarter. Sculati Wealth Management LLC now owns 6,650 shares of the aerospace company’s stock worth $1,940,000 after acquiring an additional 150 shares during the period. CWS Financial Advisors LLC grew its stake in shares of General Dynamics by 3.4% during the second quarter. CWS Financial Advisors LLC now owns 1,591 shares of the aerospace company’s stock valued at $464,000 after acquiring an additional 52 shares in the last quarter. Creative Planning increased its position in shares of General Dynamics by 12.1% during the second quarter. Creative Planning now owns 74,243 shares of the aerospace company’s stock worth $21,654,000 after acquiring an additional 8,029 shares during the last quarter. Advisory Resource Group increased its position in shares of General Dynamics by 1.2% during the second quarter. Advisory Resource Group now owns 19,439 shares of the aerospace company’s stock worth $5,670,000 after acquiring an additional 239 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of General Dynamics by 6.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 61,783 shares of the aerospace company’s stock worth $18,020,000 after acquiring an additional 3,754 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Price Performance

NYSE GD opened at $341.37 on Wednesday. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $360.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. The company’s 50 day simple moving average is $337.69 and its 200 day simple moving average is $311.06. The firm has a market capitalization of $92.21 billion, a PE ratio of 22.12, a P/E/G ratio of 2.05 and a beta of 0.46.

General Dynamics (NYSE:GD) last issued its earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, topping 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 business had revenue of $12.91 billion for the quarter, compared to analysts’ expectations of $12.49 billion. During the same period in the previous year, the firm posted $3.35 EPS. 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, equities research analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on GD. Morgan Stanley set a $385.00 target price on General Dynamics in a research report on Monday, October 27th. Sanford C. Bernstein increased their price target on shares of General Dynamics from $335.00 to $388.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 28th. Robert W. Baird set a $390.00 price objective on General Dynamics in a report on Monday, October 27th. BNP Paribas Exane started coverage on General Dynamics in a report on Tuesday. They set an “outperform” rating and a $410.00 target price on the stock. Finally, Wall Street Zen upgraded General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $353.85.

Insider Transactions at General Dynamics

In other news, Director Mark Malcolm sold 3,220 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the completion of the sale, the director directly owned 10,186 shares of the company’s stock, valued at $3,355,777.70. This trade represents a 24.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher J. Brady sold 8,150 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $321.18, for a total value 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. This represents a 26.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 12,580 shares of company stock worth $4,064,484 in the last 90 days. Corporate insiders own 1.50% of the company’s stock.

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.