General Dynamics Corporation $GD Shares Newly Acquired by M Holdings Securities Inc.

M Holdings Securities Inc. purchased a new stake in General Dynamics Corporation (NYSE:GD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,173 shares of the aerospace company’s stock, valued at approximately $768,000.

A number of other hedge funds have also recently bought and sold shares of GD. Brighton Jones LLC grew its holdings in General Dynamics by 24.6% during the 3rd quarter. Brighton Jones LLC now owns 13,025 shares of the aerospace company’s stock worth $4,322,000 after acquiring an additional 2,574 shares in the last quarter. American State Bank Iowa increased its position in shares of General Dynamics by 4.5% in the 3rd quarter. American State Bank Iowa now owns 5,915 shares of the aerospace company’s stock worth $1,963,000 after purchasing an additional 256 shares during the last quarter. Ethic Inc. increased its position in shares of General Dynamics by 6.2% in the 3rd quarter. Ethic Inc. now owns 12,268 shares of the aerospace company’s stock worth $4,071,000 after purchasing an additional 713 shares during the last quarter. 180 Wealth Advisors LLC raised its stake in shares of General Dynamics by 1.1% in the 3rd quarter. 180 Wealth Advisors LLC now owns 3,252 shares of the aerospace company’s stock valued at $1,079,000 after purchasing an additional 34 shares in the last quarter. Finally, StoneX Group Inc. raised its stake in shares of General Dynamics by 62.0% in the 3rd quarter. StoneX Group Inc. now owns 1,328 shares of the aerospace company’s stock valued at $444,000 after purchasing an additional 508 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Key Headlines Impacting General Dynamics

Here are the key news stories impacting General Dynamics this week:

• Positive Sentiment: Technical momentum: GD crossed above its 200-day moving average, a level the report describes as resistance; the move may signal a more bullish longer-term trend. Article: General Dynamics crossed above the 200-day moving average
• Positive Sentiment: Growth outlook: A recap of GD’s Q3 earnings call characterized its signals as pointing to stronger growth ahead. The company’s latest reported quarter also beat earnings and revenue estimates, with revenue up 12.9% year over year. Article: General Dynamics earnings call signals stronger growth ahead
• Positive Sentiment: Growth-stock screening: Zacks highlighted GD as a strong growth stock using its Style Scores, adding to the positive growth narrative. Article: Why General Dynamics is a strong growth stock
• Negative Sentiment: Insider selling: CEO Phebe Novakovic sold 45,353 shares for about $16.4 million, reducing her direct stake by 5.59%. She still held 766,457 shares after the transaction; the sale may nevertheless raise investor caution. Article: General Dynamics CEO sells 45,353 shares

Wall Street Analyst Weigh In

Several equities analysts have recently commented on GD shares. TD Cowen reduced their price target on shares of General Dynamics from $420.00 to $380.00 and set a “buy” rating on the stock in a research report on Friday, October 9th. Sanford C. Bernstein upped their price objective on General Dynamics from $365.00 to $386.00 and gave the company a “market perform” rating in a research note on Tuesday, November 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $384.00 target price on shares of General Dynamics in a report on Thursday, July 30th. BNP Paribas Exane increased their target price on General Dynamics from $390.00 to $430.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $455.00 target price on shares of General Dynamics in a research report on Monday, November 2nd. Eleven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $408.94.

General Dynamics Stock Performance

Shares of NYSE GD opened at $367.50 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.43 and a debt-to-equity ratio of 0.23. The firm’s 50-day moving average price is $349.32 and its two-hundred day moving average price is $355.05. General Dynamics Corporation has a 52-week low of $306.77 and a 52-week high of $400.00. The stock has a market capitalization of $99.31 billion, a P/E ratio of 21.62, a P/E/G ratio of 2.04 and a beta of 0.30.

General Dynamics (NYSE:GD) last posted its earnings results on Friday, October 30th. The aerospace company reported $4.49 EPS for the quarter, beating the consensus estimate of $4.12 by $0.37. The company had revenue of $14.57 billion during the quarter, compared to analyst estimates of $13.72 billion. General Dynamics had a return on equity of 17.60% and a net margin of 8.24%. The business’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the company earned $3.88 earnings per share. As a group, sell-side analysts forecast that General Dynamics Corporation will post 17.29 earnings per share for the current year.

Insider Activity at General Dynamics

In related news, Director Robert K. Steel sold 7,440 shares of the company’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $346.05, for a total transaction of $2,574,612.00. Following the completion of the transaction, the director directly owned 3,096 shares in the company, valued at $1,071,370.80. This represents a 70.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Phebe N. Novakovic sold 45,353 shares of the stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $361.42, for a total value of $16,391,481.26. Following the completion of the sale, the chief executive officer directly owned 766,457 shares in the company, valued at $277,012,888.94. This represents a 5.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.40% of the company’s stock.

About General Dynamics

General Dynamics Corporation is an aerospace and defense company that develops and manufactures products and provides services for commercial, government and military customers. Its businesses span aerospace, marine systems, combat systems and defense technologies. The company makes Gulfstream business jets and provides aircraft services. Its marine systems operations design and build submarines and surface ships, while its combat systems business produces military vehicles, weapons systems and munitions.