Modern Wealth Management LLC significantly increased its holdings in **General Dynamics Corporation**, acquiring an additional 3,271 shares during the third quarter of 2023. This expansion raised its total ownership to 6,124 shares, valued at approximately **$2.09 million** according to the latest filing with the Securities and Exchange Commission.
Investor activity surrounding General Dynamics remains robust, with several institutional investors adjusting their stakes as well. **Brighton Jones LLC** increased its position by **16.9%** in the fourth quarter, now owning 2,885 shares valued at **$760,000** after purchasing 417 additional shares. Similarly, **Acadian Asset Management LLC** raised its holdings by **140.2%** in the first quarter, bringing its total to 3,445 shares worth **$938,000** following the acquisition of 2,011 shares.
In the second quarter, **Atlantic Union Bankshares Corp** expanded its stake by **164.9%**, now holding 2,633 shares valued at **$768,000** after buying 1,639 shares. **Savant Capital LLC** also increased its position by **73.4%**, reaching 8,583 shares valued at **$2.5 million** after acquiring an additional 3,634 shares. Overall, institutional investors currently own **86.14%** of General Dynamics’ stock.
General Dynamics Stock Performance and Insider Trading
As of the latest trading session, shares of General Dynamics opened at **$364.20**. The company has experienced a **52-week range** with a low of **$239.20** and a high of **$369.70**. Financial metrics indicate a market capitalization of **$98.48 billion**, a price-to-earnings (P/E) ratio of **23.57**, and a beta of **0.39**, suggesting relatively low volatility compared to the broader market. The firm’s debt-to-equity ratio stands at **0.27**, with a quick ratio of **0.89** and a current ratio of **1.44**.
Recent insider trading activity has also drawn attention. **Mark Rayha**, Vice President, sold **4,370 shares** on **February 13, 2023**, at an average price of **$348.79**, totaling **$1.52 million**. After this transaction, his remaining shares were valued at approximately **$2.77 million**, marking a **35.51%** decrease in his ownership.
In another transaction, **David Paddock**, also a Vice President, sold **20,360 shares** on **December 17, 2022**, for a total of **$6.82 million**. Following this sale, he owned **36,644 shares** valued at around **$12.27 million**, which reflects a **35.72%** reduction in his stake. Corporate insiders currently hold **1.50%** of the stock.
Analysts’ Ratings and Future Outlook
Market analysts have varied opinions regarding General Dynamics, with several updates recently announced. **Morgan Stanley** raised its price target from **$408.00** to **$410.00**, maintaining an “overweight” rating. **Jefferies Financial Group** increased its target from **$360.00** to **$385.00**, while issuing a “hold” rating.
Conversely, **Wall Street Zen** downgraded General Dynamics from a “buy” to a “hold” rating. **JPMorgan Chase & Co.** also adjusted its target price from **$380.00** to **$385.00**, affirming an “overweight” rating. **Bank of America** reiterated a “buy” rating, setting a price target of **$400.00**.
The consensus rating for General Dynamics among analysts is classified as a “Moderate Buy,” with an average target price of **$376.26** based on data from **MarketBeat.com**.
General Dynamics stands as a leading American aerospace and defense contractor, providing a diverse array of products and services to government and commercial clients globally. Headquartered in **Reston, Virginia**, the company operates in multiple sectors, including aviation, land systems, marine systems, and information technology. Its offerings include business jets, armored combat vehicles, submarines, and various cybersecurity solutions, making it a significant player in the industry.
For further insights and updates on General Dynamics and other investment opportunities, visit **HoldingsChannel.com** for the latest filings and insider trading information.
