Vise Technologies Inc. Takes $808,000 Position in General Dynamics Corporation $GD

Vise Technologies Inc. acquired a new position in shares of General Dynamics Corporation (NYSE:GD) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 2,769 shares of the aerospace company’s stock, valued at approximately $808,000.

Several other institutional investors have also recently bought and sold shares of the company. Quarry LP raised its holdings in shares of General Dynamics by 783.3% in the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 94 shares during the last quarter. Nova Wealth Management Inc. bought a new position in General Dynamics in the first quarter valued at $33,000. NewSquare Capital LLC increased its stake in General Dynamics by 64.7% in the 2nd quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock valued at $33,000 after buying an additional 44 shares during the last quarter. Harbor Asset Planning Inc. acquired a new stake in General Dynamics in the 2nd quarter valued at $35,000. Finally, Access Investment Management LLC bought a new stake in General Dynamics during the 2nd quarter worth about $35,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

Shares of GD stock opened at $343.98 on Friday. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $360.50. The company has a market capitalization of $92.92 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 2.05 and a beta of 0.46. The company has a 50-day simple moving average of $336.48 and a 200 day simple moving average of $309.06. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40.

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, beating the consensus estimate of $3.69 by $0.19. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The firm had revenue of $12.91 billion for the quarter, compared to analysts’ expectations of $12.49 billion. During the same period in the prior year, the firm earned $3.35 EPS. The business’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, sell-side analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on GD shares. Barclays lifted their target price on General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Citigroup boosted their price target on General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Bank of America increased their price objective on General Dynamics from $370.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. Sanford C. Bernstein upped their price target on shares of General Dynamics from $335.00 to $388.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 28th. Finally, Melius Research upgraded shares of General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $350.89.

Insider Buying and Selling

In related news, CEO Phebe N. Novakovic sold 129,090 shares of the business’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $313.57, for a total value of $40,478,751.30. Following the completion of the sale, the chief executive officer directly owned 769,607 shares in the company, valued at $241,325,666.99. The trade was a 14.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $321.18, for a total value of $2,617,617.00. Following the transaction, the vice president owned 22,818 shares in the company, valued at $7,328,685.24. The trade was a 26.32% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 141,670 shares of company stock valued at $44,543,236. 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.