TD Asset Management Inc increased its holdings in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 6.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 198,282 shares of the aerospace company's stock after purchasing an additional 11,826 shares during the period. TD Asset Management Inc owned 0.07% of General Dynamics worth $57,831,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. 1858 Wealth Management LLC grew its holdings in shares of General Dynamics by 1.0% during the 2nd quarter. 1858 Wealth Management LLC now owns 3,256 shares of the aerospace company's stock worth $950,000 after purchasing an additional 32 shares during the period. Salvus Wealth Management LLC lifted its position in General Dynamics by 2.9% during the second quarter. Salvus Wealth Management LLC now owns 1,274 shares of the aerospace company's stock valued at $372,000 after buying an additional 36 shares in the last quarter. Principal Securities Inc. grew its stake in General Dynamics by 0.5% during the first quarter. Principal Securities Inc. now owns 8,203 shares of the aerospace company's stock worth $2,161,000 after buying an additional 37 shares during the period. Sharpepoint LLC raised its stake in shares of General Dynamics by 4.2% in the 1st quarter. Sharpepoint LLC now owns 917 shares of the aerospace company's stock valued at $249,000 after acquiring an additional 37 shares during the period. Finally, United Asset Strategies Inc. boosted its position in General Dynamics by 1.2% during the 1st quarter. United Asset Strategies Inc. now owns 3,140 shares of the aerospace company's stock worth $856,000 after purchasing an additional 37 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.
General Dynamics Price Performance
GD opened at $332.21 on Thursday. The company has a market capitalization of $89.36 billion, a P/E ratio of 22.30, a PEG ratio of 2.06 and a beta of 0.47. The company has a 50-day moving average of $326.15 and a 200-day moving average of $298.09. 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 Corporation has a 1-year low of $239.20 and a 1-year high of $347.37.
General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, topping the consensus estimate of $3.47 by $0.27. The business had revenue of $13.04 billion for the quarter, compared to analysts' expectations of $12.13 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The company's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the company posted $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Equities analysts expect that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.
General Dynamics Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders 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 dividend yield of 1.8%. The ex-dividend date is Friday, October 10th. General Dynamics's payout ratio is 40.27%.
Insider Buying and Selling at General Dynamics
In related news, VP Christopher J. Brady sold 8,150 shares of the firm's stock in a transaction 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 transaction, the vice president directly owned 22,818 shares in the company, valued at $7,328,685.24. This trade represents a 26.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of General Dynamics stock in a transaction on Friday, August 8th. The stock was 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 approximately $14,244,518.40. This represents a 42.75% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 275,020 shares of company stock worth $86,414,503. 1.50% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
GD has been the topic of several research reports. Morgan Stanley raised their price objective on General Dynamics from $328.00 to $360.00 and gave the company an "equal weight" rating in a research report on Wednesday. Cowen reissued a "buy" rating on shares of General Dynamics in a research report on Wednesday, June 25th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $400.00 price target on shares of General Dynamics in a report on Wednesday, October 8th. UBS Group boosted their target price on shares of General Dynamics from $309.00 to $333.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Barclays raised their price target on shares of General Dynamics from $285.00 to $350.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $327.44.
View Our Latest Research Report on GD
About General Dynamics
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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.
See Also
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