Olympiad Research LP Purchases Shares of 958 General Dynamics Corporation $GD

Olympiad Research LP purchased a new stake in General Dynamics Corporation (NYSE:GD) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 958 shares of the aerospace company’s stock, valued at approximately $279,000.

Other large investors have also made changes to their positions in the company. Mesirow Financial Investment Management Inc. lifted its holdings in shares of General Dynamics by 31.3% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 5,598 shares of the aerospace company’s stock worth $1,526,000 after acquiring an additional 1,333 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in General Dynamics by 10.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 463,917 shares of the aerospace company’s stock worth $126,454,000 after purchasing an additional 43,885 shares during the period. Natixis Advisors LLC boosted its holdings in General Dynamics by 8.2% during the first quarter. Natixis Advisors LLC now owns 269,515 shares of the aerospace company’s stock valued at $73,464,000 after purchasing an additional 20,491 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in shares of General Dynamics by 25.0% in the 1st quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 23,250 shares of the aerospace company’s stock valued at $6,337,000 after purchasing an additional 4,650 shares during the period. Finally, Silver Coast Investments LLC acquired a new position in shares of General Dynamics in the 2nd quarter worth approximately $218,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Stock Down 1.6%

Shares of NYSE GD opened at $343.98 on Friday. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $360.50. The firm’s 50-day simple moving average is $336.48 and its 200 day simple moving average is $309.06. 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 market cap of $92.92 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 2.05 and a beta of 0.46.

General Dynamics (NYSE:GD) last announced its 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 net margin of 8.18% and a return on equity of 18.27%. The company had revenue of $12.91 billion during the quarter, compared to the consensus estimate of $12.49 billion. During the same period in the previous year, the firm posted $3.35 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, research analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on GD shares. Sanford C. Bernstein boosted their price target on General Dynamics from $335.00 to $388.00 and gave the company a “market perform” rating in a research note on Tuesday, October 28th. Vertical Research upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 target price on the stock in a research note on Monday, October 27th. Robert W. Baird set a $390.00 target price on shares of General Dynamics in a report on Monday, October 27th. Barclays lifted their price target on shares of General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Finally, Citigroup upped their price objective on shares of General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, General Dynamics has an average rating of “Moderate Buy” and a consensus price target of $350.89.

Insider Buying and Selling

In related news, Director Mark Malcolm sold 3,220 shares of the firm’s stock in a transaction dated 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 in the company, valued at $3,355,777.70. This trade represents a 24.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the transaction, the vice president owned 22,818 shares in the company, valued at approximately $7,328,685.24. The trade was a 26.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 141,670 shares of company stock worth $44,543,236 in the last quarter. Insiders own 1.50% of the company’s stock.

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.