DRW Securities LLC Grows Position in General Dynamics Corporation $GD

Key Points

• DRW Securities LLC increased its stake in General Dynamics Corporation by 82.9% during the first quarter, owning 2,596 shares valued at $708,000.
• General Dynamics reported a quarterly EPS of $3.74, exceeding estimates, and projected FY 2025 EPS guidance between 15.050 and 15.150.
• The company declared a quarterly dividend of $1.50, with a yield of 1.8%, set to be paid on November 14th.

DRW Securities LLC increased its holdings in General Dynamics Corporation (NYSE:GD - Free Report) by 82.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,596 shares of the aerospace company's stock after acquiring an additional 1,177 shares during the quarter. DRW Securities LLC's holdings in General Dynamics were worth $708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Principal Securities Inc. raised its holdings in shares of General Dynamics by 0.5% in the first quarter. Principal Securities Inc. now owns 8,203 shares of the aerospace company's stock valued at $2,161,000 after acquiring an additional 37 shares in the last quarter. Sharpepoint LLC raised its holdings in shares of General Dynamics by 4.2% in the first quarter. Sharpepoint LLC now owns 917 shares of the aerospace company's stock valued at $249,000 after acquiring an additional 37 shares in the last quarter. United Asset Strategies Inc. raised its holdings in shares of General Dynamics by 1.2% in the first quarter. United Asset Strategies Inc. now owns 3,140 shares of the aerospace company's stock valued at $856,000 after acquiring an additional 37 shares in the last quarter. 1858 Wealth Management LLC raised its holdings in shares of General Dynamics by 1.2% in the first quarter. 1858 Wealth Management LLC now owns 3,224 shares of the aerospace company's stock valued at $879,000 after acquiring an additional 38 shares in the last quarter. Finally, Keystone Financial Services raised its holdings in shares of General Dynamics by 1.6% in the first quarter. Keystone Financial Services now owns 2,421 shares of the aerospace company's stock valued at $660,000 after acquiring an additional 38 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GD has been the subject of several recent research reports. TD Cowen lifted their price objective on General Dynamics from $290.00 to $300.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Jefferies Financial Group set a $325.00 price target on General Dynamics and gave the stock a "hold" rating in a research report on Wednesday, July 9th. Sanford C. Bernstein set a $314.00 target price on General Dynamics and gave the company a "market perform" rating in a research note on Monday, July 14th. Barclays increased their price target on shares of General Dynamics from $285.00 to $350.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of General Dynamics from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $298.00 to $342.00 in a research note on Tuesday, July 8th. Nine analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, General Dynamics presently has an average rating of "Hold" and a consensus target price of $315.78.

Insider Transactions at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 129,090 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $313.57, for a total value of $40,478,751.30. Following the sale, the chief executive officer directly owned 769,607 shares of the company's stock, valued at approximately $241,325,666.99. This represents a 14.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of General Dynamics stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $315.20, for a total value of $10,634,848.00. Following the transaction, the executive vice president owned 45,192 shares of the company's stock, valued at $14,244,518.40. The trade was a 42.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 458,260 shares of company stock valued at $138,125,545 over the last quarter. Company insiders own 1.50% of the company's stock.

General Dynamics Stock Down 0.1%

Shares of GD stock traded down $0.41 during trading hours on Thursday, reaching $322.40. 943,788 shares of the company's stock were exchanged, compared to its average volume of 1,405,422. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $326.02. The stock has a market cap of $86.72 billion, a PE ratio of 21.64, a PEG ratio of 1.99 and a beta of 0.50. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. The stock's fifty day moving average price is $309.41 and its two-hundred day moving average price is $283.12.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, topping analysts' consensus estimates of $3.47 by $0.27. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The business had revenue of $13.04 billion for the quarter, compared to analyst estimates of $12.13 billion. During the same quarter in the previous year, the firm earned $3.26 earnings per share. The company's 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. Research analysts predict that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. General Dynamics's payout ratio is 40.27%.

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.