1,846 Shares in General Dynamics Corporation $GD Purchased by Precision Wealth Strategies LLC

Precision Wealth Strategies LLC purchased a new stake in shares of General Dynamics Corporation (NYSE:GD) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 1,846 shares of the aerospace company’s stock, valued at approximately $538,000.

Other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC purchased a new position in General Dynamics during the 1st quarter valued at $272,464,000. Ameriprise Financial Inc. lifted its position in shares of General Dynamics by 34.8% during the first quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock worth $749,252,000 after purchasing an additional 709,782 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of General Dynamics by 120.9% during the first quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company’s stock valued at $343,866,000 after purchasing an additional 690,349 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of General Dynamics by 4.9% in the first quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock worth $1,499,819,000 after purchasing an additional 256,687 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in General Dynamics by 1,488.8% in the 1st quarter. SG Americas Securities LLC now owns 221,484 shares of the aerospace company’s stock worth $60,372,000 after buying an additional 207,544 shares during the period. Institutional investors own 86.14% of the company’s stock.

Insider Activity at General Dynamics

In other General Dynamics news, Director Mark Malcolm sold 3,220 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $329.45, for a total value of $1,060,829.00. Following the completion of the sale, the director directly owned 10,186 shares in the company, valued at $3,355,777.70. This trade represents a 24.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the company’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $315.20, for a total value of $10,634,848.00. Following the transaction, the executive vice president directly owned 45,192 shares in the company, valued at approximately $14,244,518.40. The trade was a 42.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 275,020 shares of company stock valued at $86,414,503 over the last three months. Company insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GD. Citigroup boosted their price objective on shares of General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft upgraded General Dynamics from a “hold” rating to a “buy” rating and boosted their price target for the company from $298.00 to $342.00 in a report on Tuesday, July 8th. Jefferies Financial Group set a $325.00 price objective on General Dynamics and gave the stock a “hold” rating in a report on Wednesday, July 9th. TD Cowen upped their target price on General Dynamics from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, June 25th. Finally, Cowen restated a “buy” rating on shares of General Dynamics in a research note on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $315.78.

General Dynamics Trading Down 0.0%

GD opened at $340.96 on Thursday. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. The firm has a market cap of $91.71 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 2.09 and a beta of 0.47. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $341.19. The stock has a fifty day moving average price of $320.78 and a 200-day moving average price of $293.08.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.27. The company had revenue of $13.04 billion for the quarter, compared to the consensus estimate of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, equities research analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, October 10th. General Dynamics’s payout ratio is 40.27%.

About General Dynamics

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.