General Dynamics Corporation $GD Shares Purchased by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in General Dynamics Corporation by 28.9%, owning 35,100 shares worth approximately $10.24 million at the end of the second quarter.
• Equity analysts have raised price targets for General Dynamics, with Wolfe Research targeting $400 and JPMorgan Chase & Co. at $345, reflecting positive expectations for the company's performance.
• General Dynamics announced a quarterly dividend of $1.50 per share, scheduled for payment on November 14th, representing an annualized yield of 1.8%.

Vanguard Personalized Indexing Management LLC raised its stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 28.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,100 shares of the aerospace company's stock after purchasing an additional 7,874 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in General Dynamics were worth $10,242,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Tranquility Partners LLC increased its position in shares of General Dynamics by 3.5% in the second quarter. Tranquility Partners LLC now owns 1,098 shares of the aerospace company's stock worth $320,000 after acquiring an additional 37 shares in the last quarter. Concurrent Investment Advisors LLC increased its position in shares of General Dynamics by 19.6% in the second quarter. Concurrent Investment Advisors LLC now owns 18,841 shares of the aerospace company's stock worth $5,495,000 after acquiring an additional 3,089 shares in the last quarter. Johnson Investment Counsel Inc. increased its position in shares of General Dynamics by 17.2% in the second quarter. Johnson Investment Counsel Inc. now owns 4,268 shares of the aerospace company's stock worth $1,245,000 after acquiring an additional 625 shares in the last quarter. AdviceOne Advisory Services LLC acquired a new stake in shares of General Dynamics in the second quarter worth $441,000. Finally, Matrix Asset Advisors Inc. NY increased its position in shares of General Dynamics by 7.3% in the second quarter. Matrix Asset Advisors Inc. NY now owns 36,088 shares of the aerospace company's stock worth $10,525,000 after acquiring an additional 2,444 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on GD shares. Wolfe Research raised their price target on shares of General Dynamics from $360.00 to $400.00 and gave the company an "outperform" rating in a report on Thursday. 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 report on Thursday, July 24th. Jefferies Financial Group set a $325.00 price target on shares of General Dynamics and gave the company a "hold" rating in a report on Wednesday, July 9th. Susquehanna raised their price target on shares of General Dynamics from $315.00 to $365.00 and gave the company a "positive" rating in a report on Thursday, July 24th. Finally, UBS Group raised their price target on shares of General Dynamics from $309.00 to $333.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $324.11.

Insider Buying and Selling

In other news, EVP Marguerite Amy Gilliland sold 33,740 shares of the firm's 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 transaction, the executive vice president directly owned 45,192 shares in the company, valued at approximately $14,244,518.40. This trade represents a 42.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP William A. Moss sold 17,700 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was 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 owned 16,627 shares in the company, valued at approximately $5,260,782.80. The trade was a 51.56% decrease in their ownership of the stock. 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. Company insiders own 1.50% of the company's stock.

General Dynamics Trading Down 2.8%

NYSE GD opened at $333.03 on Monday. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $347.37. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. The company has a market capitalization of $89.58 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 2.05 and a beta of 0.47. The company's fifty day moving average price is $324.93 and its two-hundred day moving average price is $297.14.

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, beating analysts' consensus estimates of $3.47 by $0.27. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The firm had revenue of $13.04 billion for the quarter, compared to the consensus estimate of $12.13 billion. During the same period in the prior year, the firm posted $3.26 EPS. The firm's revenue was up 8.9% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, research analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently declared 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 1.8%. The ex-dividend date is Friday, October 10th. General Dynamics's dividend payout ratio (DPR) is presently 40.27%.

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.

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