General Dynamics Corporation $GD Shares Acquired by MGO One Seven LLC

by · The Cerbat Gem

MGO One Seven LLC raised its stake in shares of General Dynamics Corporation (NYSE:GDFree Report) by 26.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,114 shares of the aerospace company’s stock after buying an additional 1,679 shares during the period. MGO One Seven LLC’s holdings in General Dynamics were worth $2,767,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in GD. Pacer Advisors Inc. raised its holdings in General Dynamics by 3,306.5% during the third quarter. Pacer Advisors Inc. now owns 871,052 shares of the aerospace company’s stock worth $297,029,000 after purchasing an additional 845,482 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in General Dynamics by 25.2% during the 2nd 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. Prudential Financial Inc. increased its position in shares of General Dynamics by 142.5% during the 2nd quarter. Prudential Financial Inc. now owns 438,311 shares of the aerospace company’s stock valued at $127,838,000 after purchasing an additional 257,534 shares during the period. AQR Capital Management LLC raised its stake in shares of General Dynamics by 43.0% in the 2nd quarter. AQR Capital Management LLC now owns 762,168 shares of the aerospace company’s stock worth $222,294,000 after buying an additional 229,352 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of General Dynamics in the second quarter valued at $66,599,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at General Dynamics

In related news, VP David Paddock sold 20,360 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total value 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wolfe Research boosted their price target on shares of General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a report on Wednesday, October 8th. BNP Paribas Exane initiated coverage on shares of General Dynamics in a research note on Tuesday, November 18th. They set an “outperform” rating and a $410.00 target price for the company. Citigroup lifted their price target on shares of General Dynamics from $371.00 to $389.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, The Goldman Sachs Group increased their price objective on General Dynamics from $280.00 to $293.00 and gave the company a “sell” rating in a research report on Friday, October 10th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $359.90.

View Our Latest Research Report on General Dynamics

General Dynamics Stock Up 0.6%

GD stock opened at $362.94 on Wednesday. The company has a 50 day moving average of $343.09 and a two-hundred day moving average of $329.32. The company has a market cap of $98.04 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 1.60 and a beta of 0.41. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $367.65. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29.

General Dynamics (NYSE:GDGet Free Report) last posted its quarterly 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 business had revenue of $12.91 billion for the quarter, compared to the consensus estimate of $12.49 billion. During the same period in the prior year, the business posted $3.35 earnings per share. General Dynamics’s revenue for the quarter was up 10.6% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, equities analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 16th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, January 16th. General Dynamics’s payout ratio is currently 38.89%.

General Dynamics Company Profile

(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.

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