Fishman Jay A Ltd. MI Has $4.16 Million Holdings in General Dynamics Corporation $GD

Fishman Jay A Ltd. MI trimmed its position in shares of General Dynamics Corporation (NYSE:GD) by 18.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,249 shares of the aerospace company’s stock after selling 3,300 shares during the quarter. Fishman Jay A Ltd. MI’s holdings in General Dynamics were worth $4,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC raised its holdings in General Dynamics by 13.2% during the second quarter. Valeo Financial Advisors LLC now owns 7,884 shares of the aerospace company’s stock valued at $2,299,000 after buying an additional 919 shares in the last quarter. DAVENPORT & Co LLC lifted its stake in shares of General Dynamics by 0.3% in the second quarter. DAVENPORT & Co LLC now owns 33,509 shares of the aerospace company’s stock worth $9,772,000 after buying an additional 110 shares during the last quarter. Glass Wealth Management Co LLC boosted its holdings in shares of General Dynamics by 1.3% during the 2nd quarter. Glass Wealth Management Co LLC now owns 5,965 shares of the aerospace company’s stock worth $1,740,000 after buying an additional 75 shares during the period. Running Oak Capital LLC grew its stake in General Dynamics by 1.2% in the 2nd quarter. Running Oak Capital LLC now owns 58,246 shares of the aerospace company’s stock valued at $16,988,000 after buying an additional 690 shares during the last quarter. Finally, Grimes & Company Inc. raised its holdings in General Dynamics by 4.9% in the 2nd quarter. Grimes & Company Inc. now owns 1,019 shares of the aerospace company’s stock worth $297,000 after acquiring an additional 48 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insiders Place Their Bets

In other General Dynamics news, CEO Phebe N. Novakovic sold 129,090 shares of the business’s stock in a transaction 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 transaction, the chief executive officer owned 769,607 shares of the company’s stock, valued at approximately $241,325,666.99. The trade was a 14.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Lagrand Burns sold 43,860 shares of the firm’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $312.28, for a total value of $13,696,600.80. Following the completion of the sale, the executive vice president owned 39,875 shares of the company’s stock, valued at approximately $12,452,165. This trade represents a 52.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 275,020 shares of company stock worth $86,414,503 over the last ninety days. 1.50% of the stock is owned by insiders.

General Dynamics Stock Performance

GD opened at $343.76 on Monday. The stock’s 50 day simple moving average is $321.91 and its 200-day simple moving average is $294.50. 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 stock has a market cap of $92.47 billion, a PE ratio of 23.07, a P/E/G ratio of 2.10 and a beta of 0.47. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $345.22.

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

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be paid a $1.50 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. General Dynamics’s payout ratio is 40.27%.

Analyst Ratings Changes

GD has been the subject of a number of recent analyst reports. UBS Group upped their price target on shares of General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. TD Cowen boosted their price objective on General Dynamics from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a report on Saturday, September 27th. Wall Street Zen raised General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. increased their price objective on General Dynamics from $284.00 to $345.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, General Dynamics presently has an average rating of “Hold” and a consensus price target of $315.78.

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.