Czech National Bank lifted its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 5.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,576 shares of the aerospace company's stock after buying an additional 3,294 shares during the period. Czech National Bank's holdings in General Dynamics were worth $17,959,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings 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 valued at $1,499,819,000 after purchasing an additional 256,687 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of General Dynamics by 34.8% in the 1st 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of General Dynamics by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,582,388 shares of the aerospace company's stock valued at $431,327,000 after purchasing an additional 5,313 shares in the last quarter. Boston Partners raised its position in General Dynamics by 7.9% during the 1st quarter. Boston Partners now owns 1,296,497 shares of the aerospace company's stock worth $353,558,000 after purchasing an additional 94,537 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in General Dynamics by 120.9% during the 1st quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company's stock worth $343,866,000 after acquiring an additional 690,349 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, VP William A. Moss sold 17,700 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $316.40, for a total value of $5,600,280.00. Following the transaction, the vice president owned 16,627 shares in the company, valued at approximately $5,260,782.80. This trade represents a 51.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mark Lagrand Burns sold 43,860 shares of General Dynamics stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $312.28, for a total transaction of $13,696,600.80. Following the sale, the executive vice president owned 39,875 shares in the company, valued at $12,452,165. This represents a 52.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold 275,020 shares of company stock worth $86,414,503 in the last 90 days. 1.50% of the stock is currently owned by corporate insiders.
General Dynamics Stock Down 0.1%
Shares of NYSE:GD traded down $0.47 during trading on Friday, hitting $324.10. 2,654,532 shares of the company were exchanged, compared to its average volume of 826,872. The stock has a market capitalization of $87.18 billion, a P/E ratio of 21.75, a PEG ratio of 1.99 and a beta of 0.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $330.18. The firm's 50 day moving average price is $316.37 and its 200-day moving average price is $289.68.
General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, beating the consensus estimate of $3.47 by $0.27. The firm 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%. General Dynamics's revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, research analysts predict that General Dynamics Corporation will post 14.83 earnings per share 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. Shareholders of record on Friday, October 10th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, October 10th. General Dynamics's dividend payout ratio is 40.27%.
Analysts Set New Price Targets
A number of equities analysts have issued reports on GD shares. Barclays lifted their price target on General Dynamics from $285.00 to $350.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Cowen reissued a "buy" rating on shares of General Dynamics in a research note on Wednesday, June 25th. JPMorgan Chase & Co. raised their price target on shares of General Dynamics from $284.00 to $345.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Robert W. Baird lifted their target price on shares of General Dynamics from $283.00 to $350.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, TD Cowen upped their price target on shares of General Dynamics from $290.00 to $300.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Nine investment 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, the stock has a consensus rating of "Hold" and an average target price of $315.78.
Read Our Latest Stock Report on GD
About General Dynamics
(
Free Report)
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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