Nordwand Advisors LLC Invests $646,000 in General Dynamics Corporation $GD

Nordwand Advisors LLC purchased a new stake in General Dynamics Corporation (NYSE:GD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,214 shares of the aerospace company’s stock, valued at approximately $646,000.

Several other hedge funds have also added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in shares of General Dynamics by 4.9% in the first quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock valued at $1,499,819,000 after purchasing an additional 256,687 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of General Dynamics by 34.8% during the 1st quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock worth $749,252,000 after buying an additional 709,782 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of General Dynamics by 0.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,582,388 shares of the aerospace company’s stock worth $431,327,000 after buying an additional 5,313 shares during the period. Boston Partners grew its stake in General Dynamics by 9.0% in the 2nd quarter. Boston Partners now owns 1,413,021 shares of the aerospace company’s stock valued at $413,812,000 after buying an additional 116,524 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in General Dynamics by 120.9% in the 1st quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company’s stock valued at $343,866,000 after acquiring an additional 690,349 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity

In related news, Director Mark Malcolm sold 3,220 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the completion of the sale, the director owned 10,186 shares of the company’s stock, valued at $3,355,777.70. This represents a 24.02% decrease in their ownership of the stock. 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 dated Monday, August 25th. The stock was sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,580 shares of company stock valued at $4,064,484 in the last ninety days. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GD. Sanford C. Bernstein boosted their price objective on General Dynamics from $335.00 to $388.00 and gave the stock a “market perform” rating in a report on Tuesday, October 28th. Melius Research upgraded General Dynamics to a “strong-buy” rating in a research note on Tuesday, October 28th. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $400.00 price objective on shares of General Dynamics in a report on Wednesday, October 8th. Finally, Bank of America lifted their target price on General Dynamics from $370.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and an average target price of $350.89.

General Dynamics Trading Down 0.7%

Shares of NYSE:GD opened at $341.83 on Tuesday. The business’s 50 day simple moving average is $337.29 and its 200 day simple moving average is $310.58. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $360.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. The company has a market capitalization of $92.33 billion, a P/E ratio of 22.15, a P/E/G ratio of 2.05 and a beta of 0.46.

General Dynamics (NYSE:GD) last announced its quarterly earnings data 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. The firm had revenue of $12.91 billion during the quarter, compared to analysts’ expectations of $12.49 billion. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, research analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

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.