General Dynamics Corporation $GD Shares Bought by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management increased its stake in General Dynamics by 4.3% during the first quarter, holding 686,907 shares worth approximately $187 million.
• General Dynamics reported a quarterly earnings per share (EPS) of $3.74, exceeding analyst predictions, and has provided FY 2025 guidance of $15.050-15.150 EPS.
• The company announced a quarterly dividend of $1.50 per share, with a yield of 1.8%, to be paid on November 14th.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in General Dynamics Corporation (NYSE:GD - Free Report) by 4.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 686,907 shares of the aerospace company's stock after acquiring an additional 28,413 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.26% of General Dynamics worth $187,237,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rialto Wealth Management LLC lifted its holdings in General Dynamics by 213.8% in the first quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock valued at $25,000 after acquiring an additional 62 shares during the period. Inlight Wealth Management LLC acquired a new stake in General Dynamics in the first quarter valued at $26,000. Copia Wealth Management acquired a new stake in General Dynamics in the fourth quarter valued at $27,000. Smallwood Wealth Investment Management LLC acquired a new stake in General Dynamics in the first quarter valued at $27,000. Finally, Heck Capital Advisors LLC acquired a new stake in General Dynamics in the fourth quarter valued at $28,000. Institutional investors and hedge funds own 86.14% of the company's stock.

General Dynamics Trading Up 2.0%

General Dynamics stock opened at $329.60 on Friday. The stock has a market cap of $88.66 billion, a PE ratio of 22.12, a P/E/G ratio of 1.98 and a beta of 0.50. The stock has a 50-day moving average price of $313.11 and a 200 day moving average price of $286.42. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $330.00. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, topping analysts' consensus estimates of $3.47 by $0.27. The firm had revenue of $13.04 billion during the quarter, compared to analysts' expectations of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The firm's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Equities research analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, October 10th. General Dynamics's dividend payout ratio (DPR) is currently 40.27%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on GD shares. JPMorgan Chase & Co. raised their target price on General Dynamics from $284.00 to $345.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Sanford C. Bernstein set a $314.00 price target on General Dynamics and gave the stock a "market perform" rating in a research note on Monday, July 14th. Barclays lifted their price target on General Dynamics from $285.00 to $350.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Jefferies Financial Group set a $325.00 price target on General Dynamics and gave the stock a "hold" rating in a research note on Wednesday, July 9th. Finally, Susquehanna lifted their price target on General Dynamics from $315.00 to $365.00 and gave the stock a "positive" rating in a research note on Thursday, July 24th. Nine research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $315.78.

Insider Activity

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 33,740 shares of General Dynamics stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $315.20, for a total value of $10,634,848.00. Following the completion of the sale, the executive vice president owned 45,192 shares in the company, valued at $14,244,518.40. The trade was a 42.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Phebe N. Novakovic sold 129,090 shares of General Dynamics stock in a transaction dated 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 completion of the sale, the chief executive officer owned 769,607 shares of the company's stock, valued at $241,325,666.99. This trade represents a 14.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 279,439 shares of company stock worth $87,495,956 in the last quarter. Corporate insiders own 1.50% of the company's stock.

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.

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