Clough Capital Partners L P Purchases 14,540 Shares of General Dynamics Corporation $GD

Key Points

• Clough Capital Partners L P increased its holdings in General Dynamics by 33.8%, acquiring an additional 14,540 shares, bringing its total to 57,536 shares valued at approximately $15.7 million.
• Institutional investors own about 86.14% of General Dynamics, highlighting strong interest; significant recent investments include a 1,241,011-share acquisition by GAMMA Investing LLC.
• General Dynamics reported $3.74 EPS for the last quarter, exceeding analysts' expectations, and announced a quarterly dividend of $1.50 per share, indicating a yield of 1.8%.

Clough Capital Partners L P increased its stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 33.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,536 shares of the aerospace company's stock after purchasing an additional 14,540 shares during the quarter. General Dynamics makes up 2.0% of Clough Capital Partners L P's holdings, making the stock its 16th largest position. Clough Capital Partners L P's holdings in General Dynamics were worth $15,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of General Dynamics by 4.9% in the first 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. Royal Bank of Canada increased its holdings in shares of General Dynamics by 5.2% in the fourth quarter. Royal Bank of Canada now owns 2,935,046 shares of the aerospace company's stock valued at $773,355,000 after purchasing an additional 145,978 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of General Dynamics by 34.8% in the first quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company's stock valued at $749,252,000 after purchasing an additional 709,782 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in General Dynamics by 0.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,582,388 shares of the aerospace company's stock worth $431,327,000 after acquiring an additional 5,313 shares during the last quarter. Finally, Boston Partners increased its stake in General Dynamics by 7.9% during the first quarter. Boston Partners now owns 1,296,497 shares of the aerospace company's stock worth $353,558,000 after acquiring an additional 94,537 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Price Performance

Shares of NYSE GD traded down $0.47 during mid-day trading on Tuesday, reaching $324.10. 861,221 shares of the company traded hands, compared to its average volume of 1,412,616. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $326.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. The firm has a market cap of $87.18 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 1.99 and a beta of 0.50. The stock has a fifty day simple moving average of $307.82 and a 200-day simple moving average of $282.56.

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

General Dynamics Announces Dividend

The firm 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 $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 40.27%.

Insider Transactions at General Dynamics

In related news, EVP Mark Lagrand Burns sold 43,860 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $312.28, for a total value of $13,696,600.80. Following the completion of the transaction, the executive vice president owned 39,875 shares of the company's stock, valued at approximately $12,452,165. This trade represents a 52.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Christopher J. Brady sold 8,150 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the vice president directly owned 22,818 shares of the company's stock, valued at $7,328,685.24. This represents a 26.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 458,260 shares of company stock valued at $138,125,545 in the last 90 days. 1.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GD shares. Citigroup lifted their price objective on General Dynamics from $348.00 to $368.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. UBS Group lifted their price target on General Dynamics from $309.00 to $333.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Barclays lifted their price target on General Dynamics from $285.00 to $350.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Jefferies Financial Group set a $325.00 target price on General Dynamics and gave the stock a "hold" rating in a research report on Wednesday, July 9th. Finally, Cowen reiterated a "buy" rating on shares of General Dynamics in a research report on Wednesday, June 25th. Nine equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $315.78.

About General Dynamics

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.