Los Angeles Capital Management LLC Acquires 51,655 Shares of General Dynamics Corporation $GD

Los Angeles Capital Management LLC increased its stake in shares of General Dynamics Corporation (NYSE:GD) by 20.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 299,137 shares of the aerospace company’s stock after buying an additional 51,655 shares during the period. Los Angeles Capital Management LLC’s holdings in General Dynamics were worth $87,246,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. AGF Management Ltd. increased its holdings in shares of General Dynamics by 2.7% in the second quarter. AGF Management Ltd. now owns 10,986 shares of the aerospace company’s stock valued at $3,204,000 after purchasing an additional 288 shares in the last quarter. Van Cleef Asset Management Inc bought a new stake in shares of General Dynamics during the second quarter worth approximately $213,000. AE Wealth Management LLC lifted its stake in shares of General Dynamics by 13.6% in the 2nd quarter. AE Wealth Management LLC now owns 5,531 shares of the aerospace company’s stock valued at $1,613,000 after purchasing an additional 663 shares during the period. Paradigm Asset Management Co. LLC increased its stake in General Dynamics by 49.6% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,206 shares of the aerospace company’s stock valued at $352,000 after purchasing an additional 400 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of General Dynamics in the second quarter worth about $846,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Trading Up 1.8%

NYSE:GD opened at $346.58 on Friday. 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 fifty day moving average of $334.45 and a 200 day moving average of $306.90. The firm has a market capitalization of $93.62 billion, a P/E ratio of 22.46, a P/E/G ratio of 2.05 and a beta of 0.46. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $360.50.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, beating analysts’ consensus estimates of $3.69 by $0.19. The business had revenue of $12.91 billion during 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%.General Dynamics’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, research analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Barclays raised their price objective on General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $400.00 target price on shares of General Dynamics in a research report on Wednesday, October 8th. Morgan Stanley set a $385.00 target price on General Dynamics in a report on Monday, October 27th. Finally, Seaport Res Ptn upgraded General Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $350.89.

Insider Activity at General Dynamics

In other news, VP William A. Moss sold 17,700 shares of the firm’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $316.40, for a total value of $5,600,280.00. Following the completion of the sale, the vice president directly owned 16,627 shares of the company’s stock, valued at approximately $5,260,782.80. This trade represents a 51.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Phebe N. Novakovic sold 129,090 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the transaction, the chief executive officer owned 769,607 shares in the company, valued at $241,325,666.99. This represents a 14.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 159,370 shares of company stock valued at $50,143,516 over the last quarter. Company insiders own 1.50% of the company’s stock.

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.