883 Shares in General Dynamics Corporation $GD Acquired by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC purchased a new stake in General Dynamics Corporation (NYSE:GD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 883 shares of the aerospace company’s stock, valued at approximately $257,000.

Several other institutional investors have also bought and sold shares of GD. Nuveen LLC bought a new position in General Dynamics in the 1st quarter valued at $272,464,000. Ameriprise Financial Inc. raised its holdings in shares of General Dynamics by 34.8% in the 1st quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock valued at $749,252,000 after acquiring an additional 709,782 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of General Dynamics by 120.9% in the 1st quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company’s stock valued at $343,866,000 after acquiring an additional 690,349 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of General Dynamics by 4.9% during the 1st quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock valued at $1,499,819,000 after buying an additional 256,687 shares in the last quarter. Finally, Vident Advisory LLC raised its holdings in shares of General Dynamics by 183.1% during the 1st quarter. Vident Advisory LLC now owns 261,484 shares of the aerospace company’s stock valued at $71,276,000 after buying an additional 169,120 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on GD shares. Robert W. Baird set a $390.00 price objective on General Dynamics in a research report on Monday, October 27th. Sanford C. Bernstein lifted their price objective on General Dynamics from $335.00 to $388.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a research report on Wednesday, October 8th. The Goldman Sachs Group lifted their price objective on General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a research report on Friday, October 10th. Finally, Vertical Research upgraded General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price target on the stock in a research report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $350.89.

General Dynamics Stock Up 0.0%

GD stock opened at $344.81 on Friday. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $360.50. The business has a fifty day moving average price of $332.50 and a 200-day moving average price of $304.76. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. The stock has a market capitalization of $93.14 billion, a P/E ratio of 22.35, a P/E/G ratio of 2.05 and a beta of 0.47.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, topping the consensus estimate of $3.69 by $0.19. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The company had revenue of $12.91 billion during the quarter, compared to analyst estimates of $12.49 billion. During the same quarter in the previous year, the company posted $3.35 earnings per share. General Dynamics’s revenue was up 10.6% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Equities analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently disclosed 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 of this dividend is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. General Dynamics’s dividend payout ratio is 38.89%.

Insider Transactions at General Dynamics

In other news, VP Christopher J. Brady sold 8,150 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $321.18, for a total value of $2,617,617.00. Following the completion of the transaction, the vice president owned 22,818 shares of the company’s stock, valued at $7,328,685.24. This represents a 26.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 45,192 shares of the company’s stock, valued at approximately $14,244,518.40. This trade represents a 42.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 193,110 shares of company stock valued at $60,778,364. 1.50% of the stock is owned by corporate insiders.

General Dynamics Company 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.