General Dynamics Corporation $GD Shares Bought by Laurel Wealth Advisors LLC

Laurel Wealth Advisors LLC raised its position in General Dynamics Corporation (NYSE:GD) by 31,497.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,750 shares of the aerospace company’s stock after buying an additional 22,678 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in General Dynamics were worth $6,635,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of GD. JPMorgan Chase & Co. grew its position in 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. Ameriprise Financial Inc. boosted its stake in shares of General Dynamics by 34.8% during the first quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock worth $749,252,000 after buying an additional 709,782 shares during the period. Franklin Resources Inc. increased its position in General Dynamics by 2.5% in the 2nd quarter. Franklin Resources Inc. now owns 1,712,190 shares of the aerospace company’s stock valued at $499,377,000 after acquiring an additional 41,349 shares during the period. Charles Schwab Investment Management Inc. raised its stake in General Dynamics by 1.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,598,847 shares of the aerospace company’s stock valued at $466,320,000 after acquiring an additional 16,459 shares during the last quarter. Finally, Boston Partners lifted its position in General Dynamics by 9.0% during the 2nd quarter. Boston Partners now owns 1,413,021 shares of the aerospace company’s stock worth $413,812,000 after acquiring an additional 116,524 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Trading Down 0.2%

Shares of General Dynamics stock opened at $340.32 on Thursday. The company has a 50-day moving average of $339.40 and a two-hundred day moving average of $313.69. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $360.50. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. The stock has a market cap of $91.93 billion, a PE 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 quarterly 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 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 quarter in the prior year, the firm posted $3.35 EPS. The company’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. On average, research analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on General Dynamics from $345.00 to $380.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Argus boosted their price objective on shares of General Dynamics from $345.00 to $380.00 and gave the company a “buy” rating in a research note on Wednesday, November 19th. Susquehanna raised their target price on shares of General Dynamics from $365.00 to $406.00 and gave the stock a “positive” rating in a research note on Monday, October 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $400.00 price target on shares of General Dynamics in a research note on Wednesday, October 8th. Finally, Vertical Research upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price objective for the company in a research report on Monday, October 27th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $358.10.

Insider Buying and Selling at General Dynamics

In other news, Director Mark Malcolm sold 3,220 shares of General Dynamics stock in a transaction on 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 transaction, the director owned 10,186 shares of the company’s stock, valued at $3,355,777.70. The trade was a 24.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

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.