General Dynamics Corporation $GD Shares Purchased by Bahl & Gaynor Inc.

Key Points

• Bahl & Gaynor Inc. increased its stake in General Dynamics Corporation by 3.3%, owning 252,180 shares valued at approximately $68.7 million.
• Analysts have varied opinions on General Dynamics, with price targets ranging from $295.00 to $360.00, and a consensus rating of "Hold."
• Insider trading activity includes CEO Phebe N. Novakovic selling 178,821 shares, reducing their total holdings by nearly 18.85%.

Bahl & Gaynor Inc. lifted its position in General Dynamics Corporation (NYSE:GD - Free Report) by 3.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 252,180 shares of the aerospace company's stock after acquiring an additional 8,165 shares during the quarter. Bahl & Gaynor Inc. owned 0.09% of General Dynamics worth $68,739,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in General Dynamics by 34,578.2% during the 1st 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 in the last quarter. Castlekeep Investment Advisors LLC bought a new stake in General Dynamics during the 4th quarter valued at about $279,582,000. Nuveen LLC bought a new stake in General Dynamics during the 1st quarter valued at about $272,464,000. Ameriprise Financial Inc. lifted its holdings in General Dynamics by 34.8% during the 1st 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 in the last quarter. Finally, Deutsche Bank AG lifted 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 valued at $343,866,000 after buying an additional 690,349 shares in the last quarter. Institutional investors own 86.14% of the company's stock.

General Dynamics Price Performance

Shares of NYSE:GD traded down $1.05 during midday trading on Thursday, hitting $324.42. The company's stock had a trading volume of 260,658 shares, compared to its average volume of 1,417,133. The business's 50 day simple moving average is $305.13 and its 200 day simple moving average is $280.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36. The company has a market cap of $87.26 billion, a P/E ratio of 21.77, a price-to-earnings-growth ratio of 1.98 and a beta of 0.48. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $326.03.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share 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 company's revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last 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, analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

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 paid 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 yield of 1.8%. General Dynamics's payout ratio is 40.27%.

Wall Street Analysts Forecast Growth

GD has been the subject of a number of research analyst reports. Argus set a $295.00 price objective on shares of General Dynamics in a report on Tuesday, May 6th. 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. TD Cowen boosted their target price on shares of General Dynamics from $290.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Sanford C. Bernstein set a $314.00 target price on shares of General Dynamics and gave the stock a "market perform" rating in a research report on Monday, July 14th. Finally, Wolfe Research raised shares of General Dynamics from a "peer perform" rating to an "outperform" rating and set a $360.00 price objective on the stock in a report on Thursday, July 24th. Nine investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, General Dynamics has an average rating of "Hold" and an average price target of $315.78.

Insider Activity at General Dynamics

In other General Dynamics news, 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 transaction, the vice president directly owned 16,627 shares of the company's stock, valued at $5,260,782.80. The trade was a 51.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark Lagrand Burns sold 43,860 shares of the business's 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 completion of the sale, the executive vice president directly owned 39,875 shares in the company, valued at $12,452,165. This trade represents a 52.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 458,260 shares of company stock valued at $138,125,545 over the last ninety days. Corporate insiders own 1.50% of the company's stock.

General Dynamics Company 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.