8,934 Shares in General Dynamics Corporation $GD Acquired by AG2R LA Mondiale Gestion D Actifs

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired a new stake in General Dynamics Corporation, purchasing 8,934 shares valued at approximately $2.5 million.
• General Dynamics stock recently reported a quarterly EPS of $3.74, surpassing analysts' expectations, with revenue of $13.04 billion for the quarter, an 8.9% increase year-over-year.
• The company declared a $1.50 quarterly dividend, with a dividend yield of 1.8%, set to be paid on November 14th to investors of record by October 10th.

AG2R LA Mondiale Gestion D Actifs acquired a new stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,934 shares of the aerospace company's stock, valued at approximately $2,488,000.

A number of other institutional investors and hedge funds have also made changes to their positions in GD. Bontempo Ohly Capital Mgmt LLC grew its stake in General Dynamics by 5.4% in the first quarter. Bontempo Ohly Capital Mgmt LLC now owns 16,381 shares of the aerospace company's stock valued at $4,465,000 after purchasing an additional 838 shares during the last quarter. Nova Wealth Management Inc. purchased a new position in General Dynamics in the first quarter worth $33,000. Strs Ohio purchased a new position in General Dynamics during the 1st quarter worth $16,651,000. GK Wealth Management LLC purchased a new position in General Dynamics during the 1st quarter worth $205,000. Finally, Jacobi Capital Management LLC grew its stake in shares of General Dynamics by 6.4% during the first quarter. Jacobi Capital Management LLC now owns 8,078 shares of the aerospace company's stock worth $2,202,000 after acquiring an additional 489 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at General Dynamics

In other 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 sale, the vice president owned 22,818 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP William A. Moss sold 17,700 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $5,260,782.80. This trade represents a 51.56% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 275,020 shares of company stock worth $86,414,503. 1.50% of the stock is owned by corporate insiders.

General Dynamics Price Performance

Shares of NYSE:GD traded down $0.28 during midday trading on Thursday, reaching $325.01. 403,082 shares of the company's stock traded hands, compared to its average volume of 1,373,405. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $330.18. The company has a market cap of $87.42 billion, a P/E ratio of 21.84, a PEG ratio of 2.00 and a beta of 0.50. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36. The company has a fifty day simple moving average of $315.50 and a two-hundred day simple moving average of $288.50.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.27. The business had revenue of $13.04 billion for the quarter, compared to the consensus estimate of $12.13 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The company's revenue was up 8.9% compared to the same quarter last year. During the same period last year, the firm posted $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Equities analysts predict that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be given 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 yield of 1.8%. General Dynamics's payout ratio is presently 40.27%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on GD shares. Citigroup boosted their price target on General Dynamics from $348.00 to $368.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Wolfe Research raised shares of General Dynamics from a "peer perform" rating to an "outperform" rating and set a $360.00 price objective on the stock in a report on Thursday, July 24th. Sanford C. Bernstein set a $314.00 price target on General Dynamics and gave the company a "market perform" rating in a research note on Monday, July 14th. TD Cowen boosted their price target on General Dynamics from $290.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Finally, UBS Group upped their target price on General Dynamics from $309.00 to $333.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $315.78.

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.