Edgar Lomax Co. VA Sells 32,865 Shares of General Dynamics Corporation $GD

Edgar Lomax Co. VA cut its stake in shares of General Dynamics Corporation (NYSE:GD) by 23.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,954 shares of the aerospace company’s stock after selling 32,865 shares during the quarter. General Dynamics accounts for about 2.9% of Edgar Lomax Co. VA’s portfolio, making the stock its 12th largest position. Edgar Lomax Co. VA’s holdings in General Dynamics were worth $37,494,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dunhill Financial LLC increased its holdings in shares of General Dynamics by 620.0% during the third quarter. Dunhill Financial LLC now owns 72 shares of the aerospace company’s stock worth $25,000 after buying an additional 62 shares in the last quarter. Halbert Hargrove Global Advisors LLC bought a new stake in General Dynamics during the 3rd quarter worth $26,000. Louisbourg Investments Inc. acquired a new position in General Dynamics in the 3rd quarter worth about $27,000. Redmont Wealth Advisors LLC bought a new position in General Dynamics in the third quarter valued at about $30,000. Finally, Vermillion & White Wealth Management Group LLC boosted its stake in shares of General Dynamics by 80.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Insider Activity at General Dynamics

In related news, VP Mark Rayha sold 4,370 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $348.79, for a total transaction of $1,524,212.30. Following the transaction, the vice president directly owned 7,936 shares of the company’s stock, valued at $2,767,997.44. This represents a 35.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David Paddock sold 20,360 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the completion of the sale, the vice president owned 36,644 shares of the company’s stock, valued at $12,272,808.48. The trade was a 35.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. BNP Paribas Exane dropped their price objective on shares of General Dynamics from $420.00 to $410.00 and set an “outperform” rating for the company in a report on Thursday, January 29th. Citigroup upped their price target on shares of General Dynamics from $371.00 to $389.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. TD Cowen lifted their price target on shares of General Dynamics from $370.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Wolfe Research increased their price objective on General Dynamics from $400.00 to $415.00 and gave the company an “outperform” rating in a report on Monday, January 12th. Finally, UBS Group set a $393.00 target price on General Dynamics in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, General Dynamics presently has an average rating of “Moderate Buy” and a consensus price target of $376.26.

General Dynamics Price Performance

Shares of NYSE GD opened at $361.01 on Friday. The company has a market capitalization of $97.61 billion, a PE ratio of 23.37, a P/E/G ratio of 2.19 and a beta of 0.39. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.27. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $369.70. The firm has a fifty day simple moving average of $354.28 and a 200 day simple moving average of $341.88.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, January 28th. The aerospace company reported $4.17 earnings per share for the quarter, topping analysts’ consensus estimates of $4.11 by $0.06. The firm had revenue of $14.38 billion during the quarter, compared to the consensus estimate of $13.77 billion. General Dynamics had a return on equity of 17.57% and a net margin of 8.01%.The business’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business posted $4.15 EPS. General Dynamics has set its FY 2026 guidance at 16.100-16.200 EPS. On average, sell-side analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

About General Dynamics

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.