First Trust Advisors LP reduced its position in shares of General Dynamics Corporation (NYSE:GD – Free Report) by 4.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 793,674 shares of the aerospace company’s stock after selling 36,878 shares during the period. First Trust Advisors LP owned about 0.29% of General Dynamics worth $270,643,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in General Dynamics by 2.9% during the third quarter. Vanguard Group Inc. now owns 24,238,561 shares of the aerospace company’s stock worth $8,265,349,000 after purchasing an additional 677,665 shares during the period. State Street Corp boosted its stake in shares of General Dynamics by 1.1% in the second quarter. State Street Corp now owns 11,140,437 shares of the aerospace company’s stock valued at $3,249,220,000 after purchasing an additional 119,664 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of General Dynamics by 25.2% in the second quarter. Ameriprise Financial Inc. now owns 3,439,720 shares of the aerospace company’s stock valued at $1,003,444,000 after purchasing an additional 691,340 shares in the last quarter. Invesco Ltd. increased its stake in General Dynamics by 0.4% during the 2nd quarter. Invesco Ltd. now owns 2,385,573 shares of the aerospace company’s stock worth $695,776,000 after buying an additional 9,283 shares during the period. Finally, Franklin Resources Inc. increased its stake in General Dynamics by 2.5% during the 2nd quarter. Franklin Resources Inc. now owns 1,712,190 shares of the aerospace company’s stock worth $499,377,000 after buying an additional 41,349 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.
Insider Transactions at General Dynamics
In other General Dynamics news, VP Mark Rayha sold 4,370 shares of the stock in a transaction that occurred 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 transaction, the vice president directly owned 7,936 shares in the company, valued at $2,767,997.44. This represents a 35.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP David Paddock sold 20,360 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president directly owned 36,644 shares in the company, valued at approximately $12,272,808.48. The trade was a 35.72% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.50% of the company’s stock.
General Dynamics Stock Performance
Shares of GD stock opened at $364.20 on Friday. The company has a market cap of $98.48 billion, a P/E ratio of 23.57, a PEG ratio of 2.17 and a beta of 0.39. The firm has a fifty day moving average price of $354.72 and a 200 day moving average price of $342.41. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 0.27. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $369.70.
General Dynamics (NYSE:GD – Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share for the quarter, beating analysts’ consensus estimates of $4.11 by $0.06. The company had revenue of $14.38 billion for the quarter, compared to analysts’ expectations of $13.77 billion. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.General Dynamics’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $4.15 earnings per share. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. Sell-side analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities analysts have commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a research note on Thursday, January 22nd. UBS Group set a $393.00 target price on General Dynamics in a report on Thursday, January 29th. Citigroup boosted their target price on General Dynamics from $371.00 to $389.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Bank of America restated a “buy” rating and set a $400.00 price target on shares of General Dynamics in a report on Friday, January 30th. Finally, Wolfe Research lifted their price objective on General Dynamics from $400.00 to $415.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, General Dynamics has an average rating of “Moderate Buy” and a consensus price target of $376.26.
Check Out Our Latest Report on GD
About General Dynamics
(Free Report)
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.
Further Reading
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