843 Shares in General Dynamics Corporation $GD Bought by Bayforest Capital Ltd

Bayforest Capital Ltd acquired a new position in shares of General Dynamics Corporation (NYSE:GD - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 843 shares of the aerospace company's stock, valued at approximately $246,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Retirement Guys Formula LLC bought a new position in shares of General Dynamics during the 1st quarter worth about $1,692,000. Advisory Resource Group increased its holdings in shares of General Dynamics by 7.1% during the 1st quarter. Advisory Resource Group now owns 19,200 shares of the aerospace company's stock worth $5,234,000 after purchasing an additional 1,276 shares during the period. Matrix Asset Advisors Inc. NY increased its holdings in shares of General Dynamics by 31.6% during the 1st quarter. Matrix Asset Advisors Inc. NY now owns 33,644 shares of the aerospace company's stock worth $9,171,000 after purchasing an additional 8,073 shares during the period. Global Wealth Management Investment Advisory Inc. increased its holdings in shares of General Dynamics by 11.5% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 16,522 shares of the aerospace company's stock worth $4,504,000 after purchasing an additional 1,704 shares during the period. Finally, Pinnacle Financial Partners Inc increased its holdings in shares of General Dynamics by 1.5% during the 1st quarter. Pinnacle Financial Partners Inc now owns 63,228 shares of the aerospace company's stock worth $16,741,000 after purchasing an additional 915 shares during the period. Institutional investors own 86.14% of the company's stock.

Insider Activity at General Dynamics

In other news, CEO Phebe N. Novakovic sold 129,090 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the transaction, the chief executive officer directly owned 769,607 shares in the company, valued at approximately $241,325,666.99. This represents a 14.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the completion of the transaction, the executive vice president owned 45,192 shares in the company, valued at $14,244,518.40. This represents a 42.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 275,020 shares of company stock valued at $86,414,503 in the last three months. 1.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on GD. TD Cowen upped their target price on shares of General Dynamics from $290.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Citigroup upped their target price on shares of General Dynamics from $348.00 to $368.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Morgan Stanley upped their target price on shares of General Dynamics from $328.00 to $360.00 and gave the company an "equal weight" rating in a research note on Wednesday. Wall Street Zen raised shares of General Dynamics from a "hold" rating to a "buy" rating in a research note on Saturday, October 4th. Finally, Robert W. Baird upped their target price on shares of General Dynamics from $283.00 to $350.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, General Dynamics currently has an average rating of "Hold" and a consensus target price of $327.44.

General Dynamics Price Performance

Shares of GD stock opened at $330.63 on Friday. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $347.37. The firm's 50 day moving average is $326.51 and its 200-day moving average is $298.49. The firm has a market capitalization of $88.94 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 2.04 and a beta of 0.47. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.47 by $0.27. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The company had revenue of $13.04 billion for the quarter, compared to analyst estimates of $12.13 billion. During the same period in the prior year, the business earned $3.26 earnings per share. General Dynamics's quarterly revenue was up 8.9% on a year-over-year basis. 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 fiscal year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, October 10th. General Dynamics's dividend payout ratio is presently 40.27%.

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.

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