General Dynamics Corporation $GD Shares Acquired by Modern Wealth Management LLC

Modern Wealth Management LLC raised its holdings in shares of General Dynamics Corporation (NYSE:GD) by 114.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,124 shares of the aerospace company’s stock after buying 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.

Several other institutional investors also recently modified their holdings of GD. Pacer Advisors Inc. lifted its position in shares of General Dynamics by 3,306.5% during the 3rd quarter. Pacer Advisors Inc. now owns 871,052 shares of the aerospace company’s stock valued at $297,029,000 after acquiring an additional 845,482 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of General Dynamics by 25.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,439,720 shares of the aerospace company’s stock worth $1,003,444,000 after acquiring an additional 691,340 shares during the last quarter. Vanguard Group Inc. raised its position in shares of 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. Prudential Financial Inc. raised its position in shares of General Dynamics by 142.5% during the second quarter. Prudential Financial Inc. now owns 438,311 shares of the aerospace company’s stock worth $127,838,000 after purchasing an additional 257,534 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of General Dynamics by 43.0% during the second quarter. AQR Capital Management LLC now owns 762,168 shares of the aerospace company’s stock valued at $222,294,000 after purchasing an additional 229,352 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on GD shares. UBS Group set a $393.00 price target on General Dynamics in a research report on Thursday, January 29th. Susquehanna reaffirmed a “positive” rating and set a $420.00 price objective on shares of General Dynamics in a research note on Thursday, January 15th. JPMorgan Chase & Co. raised their target price on shares of General Dynamics from $380.00 to $385.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. Citigroup raised their target price on shares of General Dynamics from $371.00 to $389.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Finally, BNP Paribas Exane cut their price target on shares of General Dynamics from $420.00 to $410.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $376.26.

Insider Buying and Selling

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

General Dynamics Stock Up 1.0%

Shares of General Dynamics stock opened at $364.20 on Monday. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $369.70. The company has a market cap of $98.48 billion, a P/E ratio of 23.57, a P/E/G ratio of 2.17 and a beta of 0.39. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average price of $354.72 and a 200 day moving average price of $342.59.

General Dynamics (NYSE:GD) last released 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 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%.The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.15 EPS. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. As a group, analysts expect that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

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.