Horizon Bancorp Inc. IN Has $181,000 Position in General Dynamics Corporation $GD

Horizon Bancorp Inc. IN cut its holdings in shares of General Dynamics Corporation (NYSE:GD) by 25.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 621 shares of the aerospace company’s stock after selling 208 shares during the quarter. Horizon Bancorp Inc. IN’s holdings in General Dynamics were worth $181,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Inlight Wealth Management LLC acquired a new position in shares of General Dynamics during the 1st quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of General Dynamics during the 1st quarter worth approximately $27,000. Quarry LP increased its holdings in shares of General Dynamics by 783.3% during the 1st quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 94 shares during the last quarter. Abound Financial LLC acquired a new position in shares of General Dynamics during the 1st quarter worth approximately $32,000. Finally, Nova Wealth Management Inc. acquired a new position in shares of General Dynamics during the 1st quarter worth approximately $33,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at General Dynamics

In related news, VP Christopher J. Brady sold 8,150 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the completion of the sale, the vice president directly owned 22,818 shares in the company, valued at $7,328,685.24. This represents a 26.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP William A. Moss sold 17,700 shares of the company’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $316.40, for a total value of $5,600,280.00. Following the sale, the vice president owned 16,627 shares of the company’s stock, valued at approximately $5,260,782.80. This represents a 51.56% 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 quarter. 1.50% of the stock is currently owned by company insiders.

General Dynamics Stock Performance

NYSE:GD opened at $342.81 on Friday. The stock has a fifty day moving average price of $324.48 and a 200-day moving average price of $296.30. The company has a market cap of $92.21 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 2.12 and a beta of 0.47. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $347.37.

General Dynamics (NYSE:GD) last released its earnings results 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 firm had revenue of $13.04 billion during 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 company’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, equities analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given 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 dividend payout ratio is currently 40.27%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Susquehanna upped their price objective on General Dynamics from $315.00 to $365.00 and gave the company a “positive” rating in a report on Thursday, July 24th. UBS Group upped their price objective on General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a report on Wednesday. Citigroup upped their price objective on General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Finally, Jefferies Financial Group set a $325.00 price objective on General Dynamics and gave the company a “hold” rating in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $319.00.

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.