Harvest Portfolios Group Inc. Purchases 265 Shares of General Dynamics Corporation $GD

Harvest Portfolios Group Inc. boosted its position in General Dynamics Corporation (NYSE:GD) by 4.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,755 shares of the aerospace company’s stock after buying an additional 265 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in General Dynamics were worth $1,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in GD. Quarry LP boosted its stake in shares of General Dynamics by 783.3% in the 1st quarter. Quarry LP now owns 106 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 94 shares in the last quarter. Nova Wealth Management Inc. bought a new stake in General Dynamics in the first quarter worth $33,000. NewSquare Capital LLC lifted its stake in General Dynamics by 64.7% in the second quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 44 shares during the last quarter. Harbor Asset Planning Inc. purchased a new stake in General Dynamics during the second quarter valued at about $35,000. Finally, Access Investment Management LLC bought a new position in shares of General Dynamics during the second quarter valued at about $35,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GD shares. Citigroup increased their target price on General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Melius Research upgraded General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 28th. Bank of America raised their target price on shares of General Dynamics from $370.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Seaport Res Ptn raised shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Finally, Vertical Research raised shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price target for the company in a research report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $350.89.

Insider Activity at General Dynamics

In other General Dynamics news, VP William A. Moss sold 17,700 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the transaction, the vice president owned 16,627 shares in the company, valued at approximately $5,260,782.80. This represents a 51.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Phebe N. Novakovic sold 129,090 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $313.57, for a total value of $40,478,751.30. Following the completion of the transaction, the chief executive officer directly owned 769,607 shares of the company’s stock, valued at $241,325,666.99. This represents a 14.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 159,370 shares of company stock worth $50,143,516 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.

General Dynamics Price Performance

Shares of General Dynamics stock opened at $346.58 on Friday. The business has a 50 day moving average of $334.45 and a 200 day moving average of $306.90. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $360.50. The company has a market cap of $93.62 billion, a PE ratio of 22.46, a P/E/G ratio of 2.05 and a beta of 0.46. 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:GD) last issued its quarterly earnings data 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 the consensus estimate of $12.49 billion. During the same period in the previous year, the firm earned $3.35 EPS. The company’s quarterly revenue 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. As a group, equities research analysts forecast that General Dynamics Corporation will post 14.83 earnings per share 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.