Eisler Capital Management Ltd. Acquires New Position in General Dynamics Corporation $GD

Eisler Capital Management Ltd. bought a new position in shares of General Dynamics Corporation (NYSE:GD) during the second quarter, Holdings Channel reports. The fund bought 82,375 shares of the aerospace company’s stock, valued at approximately $24,032,000. General Dynamics accounts for 0.1% of Eisler Capital Management Ltd.’s holdings, making the stock its 9th biggest position.

Several other hedge funds have also made changes to their positions in GD. Nuveen LLC acquired a new position in General Dynamics in the first quarter valued at approximately $272,464,000. Ameriprise Financial Inc. raised its position in General Dynamics by 34.8% in the first quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock valued at $749,252,000 after purchasing an additional 709,782 shares during the period. Deutsche Bank AG lifted its stake in shares of General Dynamics by 120.9% in the 1st quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company’s stock valued at $343,866,000 after purchasing an additional 690,349 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of General Dynamics by 142.5% during the 2nd quarter. Prudential Financial Inc. now owns 438,311 shares of the aerospace company’s stock worth $127,838,000 after purchasing an additional 257,534 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of General Dynamics by 4.9% during the 1st quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock worth $1,499,819,000 after purchasing an additional 256,687 shares during the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

NYSE:GD opened at $340.31 on Friday. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $360.50. The company has a fifty day simple moving average of $338.58 and a two-hundred day simple moving average of $312.24. 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 has a market cap of $91.92 billion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 2.05 and a beta of 0.46.

General Dynamics (NYSE:GD) last released its earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $12.91 billion during the quarter, compared to analyst estimates of $12.49 billion. During the same period last year, the business posted $3.35 earnings per share. General Dynamics’s revenue was up 10.6% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, equities analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on GD shares. Wall Street Zen raised shares of General Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Melius Research raised shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 28th. Wolfe Research boosted their target price on General Dynamics from $360.00 to $400.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Susquehanna raised their price target on General Dynamics from $365.00 to $406.00 and gave the stock a “positive” rating in a research report on Monday, October 27th. Finally, BNP Paribas Exane started coverage on General Dynamics in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $410.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, General Dynamics has a consensus rating of “Moderate Buy” and an average price target of $358.10.

Insider Transactions at General Dynamics

In other news, 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 transaction of $2,617,617.00. Following the completion of the transaction, the vice president directly owned 22,818 shares of the company’s stock, valued at approximately $7,328,685.24. The trade was a 26.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark Malcolm sold 3,220 shares of the firm’s 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 sale, the director directly owned 10,186 shares in the company, valued at approximately $3,355,777.70. This trade represents a 24.02% decrease in their position. The SEC filing for this sale provides additional information. 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.