2,899 Shares in General Dynamics Corporation $GD Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new stake in General Dynamics Corporation (NYSE:GD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,899 shares of the aerospace company’s stock, valued at approximately $846,000.

Other hedge funds have also made changes to their positions in the company. KCM Investment Advisors LLC raised its stake in shares of General Dynamics by 0.9% during the 2nd quarter. KCM Investment Advisors LLC now owns 19,875 shares of the aerospace company’s stock worth $5,797,000 after buying an additional 175 shares during the last quarter. Wedbush Securities Inc. lifted its position in General Dynamics by 5.6% during the second quarter. Wedbush Securities Inc. now owns 17,896 shares of the aerospace company’s stock worth $5,220,000 after buying an additional 951 shares during the period. Harvest Portfolios Group Inc. grew its holdings in General Dynamics by 4.1% in the second quarter. Harvest Portfolios Group Inc. now owns 6,755 shares of the aerospace company’s stock valued at $1,970,000 after purchasing an additional 265 shares during the period. Vestmark Advisory Solutions Inc. increased its holdings in shares of General Dynamics by 88.3% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 11,592 shares of the aerospace company’s stock worth $3,381,000 after buying an additional 5,435 shares during the last quarter. Finally, Atlas Legacy Advisors LLC raised its holdings in shares of General Dynamics by 41.9% in the 2nd quarter. Atlas Legacy Advisors LLC now owns 2,103 shares of the aerospace company’s stock worth $613,000 after purchasing an additional 621 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Up 1.8%

GD opened at $346.58 on Monday. 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 has a 50 day moving average price of $334.45 and a 200 day moving average price of $307.42. The firm has a market cap of $93.62 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 2.05 and a beta of 0.46. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $360.50.

General Dynamics (NYSE:GD) last posted its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 EPS 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 firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Research analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

Insider Buying and Selling

In other General Dynamics news, VP William A. Moss sold 17,700 shares of the company’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark Malcolm sold 3,220 shares of General Dynamics stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the completion of the transaction, the director directly owned 10,186 shares in the company, valued at approximately $3,355,777.70. The trade was a 24.02% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 159,370 shares of company stock valued at $50,143,516. 1.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GD. Wolfe Research upped their price target on shares of General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Melius Research upgraded shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 28th. Susquehanna upped their price target on shares of General Dynamics from $365.00 to $406.00 and gave the company a “positive” rating in a report on Monday, October 27th. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a report on Wednesday, October 8th. Finally, Citigroup upped their target price on General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $350.89.

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.