Junto Capital Management LP Cuts Stock Position in General Dynamics Corporation $GD

Junto Capital Management LP reduced its stake in General Dynamics Corporation by 14% in the second quarter, selling 22,422 shares and retaining 138,053 shares valued at $48.9 million. Despite this, institutional investors collectively own a significant 86.14% of the company. Analysts maintain a "Moderate Buy" consensus rating with an average price target of $411.58, following General Dynamics exceeding its quarterly earnings and revenue expectations and declaring a $1.59 per share dividend.