General Dynamics Corporation $GD Stock Position Lifted by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its stake in shares of General Dynamics Corporation (NYSE:GD) by 18.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 387,182 shares of the aerospace company’s stock after buying an additional 61,034 shares during the period. Russell Investments Group Ltd.’s holdings in General Dynamics were worth $112,918,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of GD. 1858 Wealth Management LLC raised its holdings in shares of General Dynamics by 1.0% in the 2nd quarter. 1858 Wealth Management LLC now owns 3,256 shares of the aerospace company’s stock worth $950,000 after purchasing an additional 32 shares in the last quarter. Nicholson Wealth Management Group LLC boosted its position in General Dynamics by 0.5% during the 2nd quarter. Nicholson Wealth Management Group LLC now owns 6,582 shares of the aerospace company’s stock worth $1,920,000 after acquiring an additional 33 shares during the period. Gilbert & Cook Inc. grew its position in General Dynamics by 1.4% during the second quarter. Gilbert & Cook Inc. now owns 2,389 shares of the aerospace company’s stock valued at $697,000 after purchasing an additional 33 shares in the last quarter. Crewe Advisors LLC grew its holdings in shares of General Dynamics by 10.9% during the 2nd quarter. Crewe Advisors LLC now owns 347 shares of the aerospace company’s stock valued at $101,000 after acquiring an additional 34 shares in the last quarter. Finally, CVA Family Office LLC grew its stake in General Dynamics by 1.5% in the second quarter. CVA Family Office LLC now owns 2,256 shares of the aerospace company’s stock valued at $658,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $340.32 on Thursday. The firm has a market cap of $91.93 billion, a P/E ratio of 22.06, a P/E/G ratio of 2.05 and a beta of 0.46. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week 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 firm has a 50 day simple moving average of $339.40 and a 200 day simple moving average of $313.69.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the business earned $3.35 earnings per share. The firm’s quarterly 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. Sell-side analysts predict 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 recently commented on GD shares. Robert W. Baird set a $390.00 price target on shares of General Dynamics in a research note on Monday, October 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a report on Wednesday, October 8th. Susquehanna increased their target price on shares of General Dynamics from $365.00 to $406.00 and gave the company a “positive” rating in a research note on Monday, October 27th. Morgan Stanley set a $385.00 price target on shares of General Dynamics in a research note on Monday, October 27th. Finally, JPMorgan Chase & Co. upped their price objective on General Dynamics from $345.00 to $380.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $358.10.

Insider Buying and Selling at General Dynamics

In other news, Director Mark Malcolm sold 3,220 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $329.45, for a total value of $1,060,829.00. Following the transaction, the director owned 10,186 shares of the company’s stock, valued at $3,355,777.70. This represents a 24.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by company insiders.

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.