Focus Partners Advisor Solutions LLC Has $4.01 Million Stock Holdings in General Dynamics Corporation $GD

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in General Dynamics by 237.6%, owning 14,697 shares worth $4,006,000 at the end of the first quarter.
• The company recently announced a $1.50 quarterly dividend, with a dividend yield of 1.8% and an upcoming ex-dividend date of October 10th.
• General Dynamics stock has shown volatility, reaching a 12-month high of $326.02 and a low of $239.20, with a current opening price of $324.64.

Focus Partners Advisor Solutions LLC increased its stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 237.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,697 shares of the aerospace company's stock after purchasing an additional 10,344 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in General Dynamics were worth $4,006,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in General Dynamics by 34,578.2% in the first quarter. GAMMA Investing LLC now owns 1,244,600 shares of the aerospace company's stock valued at $339,253,000 after buying an additional 1,241,011 shares during the period. Castlekeep Investment Advisors LLC acquired a new position in General Dynamics in the fourth quarter valued at approximately $279,582,000. Nuveen LLC acquired a new position in General Dynamics in the first quarter valued at approximately $272,464,000. Ameriprise Financial Inc. lifted its holdings in 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 buying an additional 709,782 shares during the period. Finally, Deutsche Bank AG lifted its holdings in General Dynamics by 120.9% in the first quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company's stock valued at $343,866,000 after buying an additional 690,349 shares during the period. 86.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, 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 completion of the transaction, the executive vice president owned 45,192 shares of the company's stock, valued at $14,244,518.40. This trade represents a 42.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP William A. Moss sold 17,700 shares of General Dynamics stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the completion of the transaction, the vice president directly owned 16,627 shares of the company's stock, 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. Over the last quarter, insiders have sold 458,260 shares of company stock worth $138,125,545. Corporate insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on GD shares. Jefferies Financial Group set a $325.00 price objective on shares of General Dynamics and gave the company a "hold" rating in a report on Wednesday, July 9th. Wolfe Research upgraded shares of General Dynamics from a "peer perform" rating to an "outperform" rating and set a $360.00 target price on the stock in a report on Thursday, July 24th. Sanford C. Bernstein set a $314.00 target price on shares of General Dynamics and gave the stock a "market perform" rating in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft upgraded shares of General Dynamics from a "hold" rating to a "buy" rating and increased their target price for the stock from $298.00 to $342.00 in a report on Tuesday, July 8th. Finally, Cowen restated a "buy" rating on shares of General Dynamics in a report on Wednesday, June 25th. Nine investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $315.78.

General Dynamics Stock Up 0.1%

General Dynamics stock traded up $0.36 during mid-day trading on Friday, reaching $322.80. The company's stock had a trading volume of 860,924 shares, compared to its average volume of 815,280. The company has a market capitalization of $86.83 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 1.98 and a beta of 0.50. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $326.02. The business's 50 day simple moving average is $310.66 and its 200 day simple moving average is $284.23. 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 released its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, beating analysts' consensus estimates of $3.47 by $0.27. The business had revenue of $13.04 billion during 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 firm's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, research analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

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

General Dynamics 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.