Caxton Associates LLP Buys Shares of 6,712 General Dynamics Corporation $GD

Key Points

• Caxton Associates LLP has acquired 6,712 shares of General Dynamics Corporation, valued at approximately $1.83 million, during the first quarter.
• JPMorgan Chase & Co. and other analysts have recently raised their price targets for General Dynamics, now ranging from $284 to $360, reflecting positive outlooks on the stock.
• General Dynamics will pay a quarterly dividend of $1.50 per share on November 14th, resulting in an annual yield of 1.9% based on current pricing.

Caxton Associates LLP bought a new stake in General Dynamics Corporation (NYSE:GD - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,712 shares of the aerospace company's stock, valued at approximately $1,830,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GD. Rialto Wealth Management LLC grew its holdings in shares of General Dynamics by 213.8% during the 1st quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock worth $25,000 after purchasing an additional 62 shares in the last quarter. Inlight Wealth Management LLC acquired a new stake in shares of General Dynamics during the 1st quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of General Dynamics during the 1st quarter worth approximately $27,000. Copia Wealth Management acquired a new stake in shares of General Dynamics during the 4th quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of General Dynamics during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 86.14% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on GD shares. JPMorgan Chase & Co. lifted their price objective on General Dynamics from $284.00 to $345.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Wolfe Research raised 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 objective on General Dynamics and gave the stock a "market perform" rating in a report on Monday, July 14th. Susquehanna boosted their price target on General Dynamics from $315.00 to $365.00 and gave the company a "positive" rating in a research note on Thursday, July 24th. Finally, UBS Group boosted their price target on General Dynamics from $309.00 to $333.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, General Dynamics currently has an average rating of "Hold" and a consensus price target of $315.78.

Insider Transactions at General Dynamics

In other General Dynamics news, VP William A. Moss sold 17,700 shares of General Dynamics 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 completion of the transaction, the vice president owned 16,627 shares in the company, valued at approximately $5,260,782.80. The trade was a 51.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the business's stock in a transaction on 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 sale, the executive vice president owned 45,192 shares of the company's stock, valued at approximately $14,244,518.40. The trade was a 42.75% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 458,260 shares of company stock worth $138,125,545. 1.50% of the stock is owned by company insiders.

General Dynamics Trading Down 0.0%

Shares of GD opened at $322.79 on Tuesday. The stock has a fifty day moving average price of $311.28 and a two-hundred day moving average price of $285.34. 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 52-week low of $239.20 and a 52-week high of $326.02. The company has a market cap of $86.83 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 1.98 and a beta of 0.50.

General Dynamics (NYSE:GD - Get Free Report) last issued 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. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The firm had revenue of $13.04 billion during the quarter, compared to the consensus estimate of $12.13 billion. During the same quarter in the previous year, the company posted $3.26 EPS. The business's revenue for the quarter was up 8.9% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Analysts predict that General Dynamics Corporation will post 14.83 EPS 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. Shareholders of record on Friday, October 10th will be given a $1.50 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.00 annualized dividend and a yield of 1.9%. General Dynamics's payout ratio is presently 40.27%.

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.

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