Curbstone Financial Management Corp Invests $403,000 in General Dynamics Corporation $GD

Key Points

• Curbstone Financial Management Corp invested approximately $403,000 in General Dynamics Corporation during the second quarter, acquiring 1,382 shares.
• General Dynamics reported $3.74 earnings per share for its latest quarter, exceeding analysts' expectations and generating $13.04 billion in revenue.
• The company announced a quarterly dividend of $1.50 per share, translating to an annualized dividend yield of 1.8%, with a payout ratio of 40.27%.

Curbstone Financial Management Corp bought a new position in General Dynamics Corporation (NYSE:GD - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 1,382 shares of the aerospace company's stock, valued at approximately $403,000.

A number of other large investors also recently added to or reduced their stakes in GD. Inlight Wealth Management LLC bought a new stake in shares of General Dynamics during the 1st quarter valued at about $26,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of General Dynamics during the 1st quarter valued at about $27,000. Quarry LP boosted its stake in shares of General Dynamics by 783.3% during the 1st quarter. Quarry LP now owns 106 shares of the aerospace company's stock valued at $29,000 after purchasing an additional 94 shares in the last quarter. Abound Financial LLC bought a new stake in shares of General Dynamics during the 1st quarter valued at about $32,000. Finally, Harbor Asset Planning Inc. bought a new stake in shares of General Dynamics during the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

General Dynamics Trading Up 0.2%

Shares of NYSE GD opened at $331.33 on Friday. The firm's 50 day moving average price is $326.86 and its 200-day moving average price is $299.05. The company has a market cap of $89.12 billion, a PE ratio of 22.24, a P/E/G ratio of 2.04 and a beta of 0.47. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $347.37. 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 (NYSE:GD - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.27. The firm 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 business's revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, equities research analysts expect 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. Stockholders of record on Friday, October 10th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, October 10th. General Dynamics's dividend payout ratio is currently 40.27%.

Insider Transactions at General Dynamics

In other news, EVP Marguerite Amy Gilliland sold 33,740 shares of the business's 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 directly owned 45,192 shares of the company's stock, valued at $14,244,518.40. The trade was a 42.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Phebe N. Novakovic sold 129,090 shares of the business'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 of the company's stock, valued at $241,325,666.99. The trade was a 14.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 275,020 shares of company stock valued at $86,414,503. 1.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GD. Barclays lifted their target price on shares of General Dynamics from $285.00 to $350.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Cowen reaffirmed a "buy" rating on shares of General Dynamics in a research note on Wednesday, June 25th. TD Cowen boosted their price objective on shares of General Dynamics from $290.00 to $300.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Weiss Ratings reissued a "buy (b)" rating on shares of General Dynamics in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $400.00 price objective on shares of General Dynamics in a research note on Wednesday, October 8th. One research 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $327.44.

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.

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