VeraBank N.A. Has $941,000 Stake in General Dynamics Corporation $GD

VeraBank N.A. grew its stake in shares of General Dynamics Corporation (NYSE:GD) by 237.7% in the second quarter, Holdings Channel reports. The institutional investor owned 3,225 shares of the aerospace company’s stock after purchasing an additional 2,270 shares during the period. VeraBank N.A.’s holdings in General Dynamics were worth $941,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of GD. Quarry LP lifted its position in shares of General Dynamics by 783.3% during the 1st quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after buying an additional 94 shares during the period. Nova Wealth Management Inc. acquired a new position in General Dynamics during the 1st quarter worth $33,000. NewSquare Capital LLC boosted its holdings in General Dynamics by 64.7% in the second quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock valued at $33,000 after acquiring an additional 44 shares during the last quarter. Harbor Asset Planning Inc. acquired a new stake in shares of General Dynamics during the 2nd quarter worth approximately $35,000. Finally, Access Investment Management LLC acquired a new stake in General Dynamics during the 2nd quarter worth $35,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

GD has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of General Dynamics from $345.00 to $380.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research report on Wednesday, October 8th. Barclays boosted their price target on General Dynamics from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $400.00 price target on shares of General Dynamics in a report on Wednesday, October 8th. Finally, Robert W. Baird set a $390.00 target price on shares of General Dynamics in a research note on Monday, October 27th. 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 given a Sell rating to the company’s stock. According to MarketBeat.com, General Dynamics presently has a consensus rating of “Moderate Buy” and a consensus price target of $350.89.

Insider Activity

In other General Dynamics news, VP Christopher J. Brady sold 8,150 shares of the business’s stock in a transaction on 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 directly owned 22,818 shares of the company’s stock, valued at approximately $7,328,685.24. The trade was a 26.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Phebe N. Novakovic sold 129,090 shares of General Dynamics stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the transaction, the chief executive officer directly owned 769,607 shares of the company’s stock, valued at approximately $241,325,666.99. This trade represents a 14.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 159,370 shares of company stock worth $50,143,516 over the last ninety days. 1.50% of the stock is owned by insiders.

General Dynamics Stock Up 0.9%

GD stock opened at $349.55 on Tuesday. The stock’s fifty day simple moving average is $334.95 and its two-hundred day simple moving average is $307.96. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $360.50. The stock has a market cap of $94.42 billion, a P/E ratio of 22.65, a P/E/G ratio of 2.05 and a beta of 0.46.

General Dynamics (NYSE:GD) last issued its earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $12.49 billion. During the same quarter in the previous year, the firm posted $3.35 EPS. The business’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. Analysts expect that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Profile

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.