GHP Investment Advisors Inc. Buys 489 Shares of General Dynamics Corporation $GD

GHP Investment Advisors Inc. raised its stake in General Dynamics Corporation (NYSE:GD) by 2.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 23,732 shares of the aerospace company’s stock after purchasing an additional 489 shares during the quarter. GHP Investment Advisors Inc.’s holdings in General Dynamics were worth $6,922,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its holdings in shares of General Dynamics by 4.9% in the 1st quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock worth $1,499,819,000 after buying an additional 256,687 shares during the last quarter. Ameriprise Financial Inc. increased 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 worth $749,252,000 after buying an additional 709,782 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of General Dynamics by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,582,388 shares of the aerospace company’s stock worth $431,327,000 after buying an additional 5,313 shares during the last quarter. Boston Partners increased its holdings in shares of General Dynamics by 7.9% in the 1st quarter. Boston Partners now owns 1,296,497 shares of the aerospace company’s stock worth $353,558,000 after buying an additional 94,537 shares during the last quarter. Finally, Deutsche Bank AG increased 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 worth $343,866,000 after buying an additional 690,349 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other news, VP Christopher J. Brady sold 8,150 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $321.18, for a total value of $2,617,617.00. Following the completion of the sale, the vice president directly owned 22,818 shares of the company’s stock, valued at approximately $7,328,685.24. This trade represents a 26.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP William A. Moss sold 17,700 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the completion of the sale, the vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 193,110 shares of company stock worth $60,778,364 over the last ninety days. 1.50% of the stock is owned by company insiders.

General Dynamics Trading Up 0.0%

Shares of GD opened at $344.81 on Monday. The stock has a market capitalization of $93.14 billion, a P/E ratio of 22.35, a PEG ratio of 2.05 and a beta of 0.47. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $332.50 and a two-hundred day simple moving average of $304.95. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $360.50.

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

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 annualized dividend and a yield of 1.7%. General Dynamics’s dividend payout ratio is presently 38.89%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on GD shares. Jefferies Financial Group set a $325.00 target price on shares of General Dynamics and gave the company a “hold” rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. increased their target price on shares of General Dynamics from $345.00 to $380.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Vertical Research raised shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 target price on the stock in a report on Monday, October 27th. Citigroup increased their target price on shares of General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Finally, Barclays increased their target price on shares of General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, General Dynamics has a consensus rating of “Moderate Buy” and a consensus price target of $350.89.

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.