General Dynamics Corporation $GD Shares Acquired by Howe & Rusling Inc.

Howe & Rusling Inc. boosted its position in General Dynamics Corporation (NYSE:GD) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,512 shares of the aerospace company’s stock after purchasing an additional 529 shares during the period. Howe & Rusling Inc.’s holdings in General Dynamics were worth $8,899,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GD. Quarry LP boosted its stake in shares of General Dynamics by 783.3% in the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock valued at $29,000 after buying an additional 94 shares in the last quarter. Nova Wealth Management Inc. purchased a new stake in shares of General Dynamics during the 1st quarter worth $33,000. NewSquare Capital LLC boosted its position in shares of General Dynamics by 64.7% during the 2nd quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 44 shares in the last quarter. Harbor Asset Planning Inc. acquired a new position in shares of General Dynamics during the 2nd quarter worth $35,000. Finally, Access Investment Management LLC purchased a new position in shares of General Dynamics in the 2nd quarter valued at about $35,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Stock Up 0.5%

GD opened at $343.11 on Thursday. The firm has a market cap of $92.68 billion, a P/E ratio of 22.24, a PEG ratio of 2.05 and a beta of 0.46. The business’s fifty day simple moving average is $338.10 and its 200 day simple moving average is $311.28. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week 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.

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. The company had revenue of $12.91 billion for the quarter, compared to analyst estimates of $12.49 billion. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, equities research analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

Insider Buying and Selling

In other news, VP Christopher J. Brady sold 8,150 shares of the firm’s stock in a transaction on 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 sale, the vice president owned 22,818 shares in the company, valued at $7,328,685.24. This trade represents a 26.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark Malcolm sold 3,220 shares of General Dynamics 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 sale, the director directly owned 10,186 shares of the company’s stock, valued at approximately $3,355,777.70. This represents 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 12,580 shares of company stock worth $4,064,484. 1.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on GD. BNP Paribas upgraded shares of General Dynamics to a “strong-buy” rating in a research report on Tuesday. The Goldman Sachs Group boosted their price target on General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Melius Research raised General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 28th. Argus raised their price target on General Dynamics from $345.00 to $380.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Morgan Stanley set a $385.00 price objective on shares of General Dynamics in a research report on Monday, October 27th. Three 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, General Dynamics has an average rating of “Moderate Buy” and a consensus target price 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.