Modern Wealth Management LLC Has $2.09 Million Holdings in General Dynamics Corporation $GD

Modern Wealth Management LLC grew its position in shares of General Dynamics Corporation (NYSE:GD) by 114.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 6,124 shares of the aerospace company’s stock after acquiring an additional 3,271 shares during the period. Modern Wealth Management LLC’s holdings in General Dynamics were worth $2,088,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC grew its position in General Dynamics by 16.9% in the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after acquiring an additional 417 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of General Dynamics by 140.2% during the 1st quarter. Acadian Asset Management LLC now owns 3,445 shares of the aerospace company’s stock valued at $938,000 after purchasing an additional 2,011 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of General Dynamics in the 2nd quarter valued at $240,000. Atlantic Union Bankshares Corp boosted its holdings in General Dynamics by 164.9% in the second quarter. Atlantic Union Bankshares Corp now owns 2,633 shares of the aerospace company’s stock worth $768,000 after purchasing an additional 1,639 shares in the last quarter. Finally, Savant Capital LLC increased its position in General Dynamics by 73.4% during the second quarter. Savant Capital LLC now owns 8,583 shares of the aerospace company’s stock worth $2,503,000 after buying an additional 3,634 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Up 1.0%

General Dynamics stock opened at $364.20 on Monday. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $369.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.89 and a current ratio of 1.44. The firm has a market capitalization of $98.48 billion, a PE ratio of 23.57, a PEG ratio of 2.17 and a beta of 0.39. The business’s 50-day simple moving average is $354.72 and its 200-day simple moving average is $342.59.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share for the quarter, beating the consensus estimate of $4.11 by $0.06. The firm had revenue of $14.38 billion during the quarter, compared to the consensus estimate of $13.77 billion. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.15 EPS. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. Equities research analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current year.

Insider Activity at General Dynamics

In other news, VP Mark Rayha sold 4,370 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $348.79, for a total value of $1,524,212.30. Following the sale, the vice president owned 7,936 shares in the company, valued at approximately $2,767,997.44. This trade represents a 35.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP David Paddock sold 20,360 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the transaction, the vice president directly owned 36,644 shares in the company, valued at $12,272,808.48. This trade represents a 35.72% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GD. Morgan Stanley boosted their price target on General Dynamics from $408.00 to $410.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Jefferies Financial Group increased their price objective on General Dynamics from $360.00 to $385.00 and gave the company a “hold” rating in a report on Sunday, February 1st. Wall Street Zen downgraded General Dynamics from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. JPMorgan Chase & Co. upped their target price on General Dynamics from $380.00 to $385.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. Finally, Bank of America reiterated a “buy” rating and set a $400.00 price target on shares of General Dynamics in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $376.26.

General Dynamics Profile

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.