General Dynamics Corporation $GD Stock Position Increased by Financiere des Professionnels Fonds d investissement inc.

Key Points

• Financiere des Professionnels Fonds d investissement inc. increased its stake in General Dynamics Corporation by 69.3% during the second quarter, owning 17,939 shares valued at approximately $5.23 million.
• General Dynamics reported $3.74 earnings per share in its latest quarterly results, exceeding analyst estimates of $3.47, with a quarterly revenue of $13.04 billion.
• The company announced a quarterly dividend of $1.50 per share to be paid on November 14th, reflecting an annualized dividend yield of 1.8%.

Financiere des Professionnels Fonds d investissement inc. boosted its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 69.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,939 shares of the aerospace company's stock after buying an additional 7,341 shares during the period. Financiere des Professionnels Fonds d investissement inc.'s holdings in General Dynamics were worth $5,232,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Retirement Guys Formula LLC acquired a new position in shares of General Dynamics during the first quarter worth about $1,692,000. Advisory Resource Group lifted its stake in General Dynamics by 7.1% in the first quarter. Advisory Resource Group now owns 19,200 shares of the aerospace company's stock valued at $5,234,000 after buying an additional 1,276 shares during the last quarter. Mission Wealth Management LP lifted its stake in General Dynamics by 18.9% in the first quarter. Mission Wealth Management LP now owns 16,144 shares of the aerospace company's stock valued at $4,401,000 after buying an additional 2,568 shares during the last quarter. Matrix Asset Advisors Inc. NY lifted its stake in General Dynamics by 31.6% in the first quarter. Matrix Asset Advisors Inc. NY now owns 33,644 shares of the aerospace company's stock valued at $9,171,000 after buying an additional 8,073 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. lifted its stake in General Dynamics by 11.5% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 16,522 shares of the aerospace company's stock valued at $4,504,000 after buying an additional 1,704 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Stock Performance

Shares of GD traded down $0.47 during mid-day trading on Friday, hitting $324.10. The stock had a trading volume of 2,654,532 shares, compared to its average volume of 826,872. The company has a market cap of $87.18 billion, a PE ratio of 21.75, a PEG ratio of 1.99 and a beta of 0.50. The company's fifty day simple moving average is $316.37 and its two-hundred day simple moving average is $289.68. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $330.18.

General Dynamics (NYSE:GD - Get Free Report) last issued its 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 company had revenue of $13.04 billion during the quarter, compared to analyst estimates of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The business's revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, equities analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

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. The ex-dividend date is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. General Dynamics's payout ratio is currently 40.27%.

Wall Street Analyst Weigh In

GD has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft upgraded General Dynamics from a "hold" rating to a "buy" rating and boosted their price objective for the company from $298.00 to $342.00 in a research note on Tuesday, July 8th. TD Cowen upped their price target on General Dynamics from $290.00 to $300.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Cowen reiterated a "buy" rating on shares of General Dynamics in a research report on Wednesday, June 25th. Jefferies Financial Group set a $325.00 price objective on General Dynamics and gave the stock a "hold" rating in a research report on Wednesday, July 9th. Finally, Robert W. Baird increased their price objective on General Dynamics from $283.00 to $350.00 and gave the stock a "neutral" rating in a research report 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 company. According to data from MarketBeat.com, General Dynamics presently has an average rating of "Hold" and an average target price of $315.78.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 129,090 shares of General Dynamics stock in a transaction on Monday, August 18th. The stock was sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the sale, the chief executive officer owned 769,607 shares of the company's stock, valued at $241,325,666.99. The trade was a 14.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher J. Brady sold 8,150 shares of General Dynamics stock in a transaction on Monday, August 25th. The shares were sold at an average price of $321.18, for a total value of $2,617,617.00. Following the sale, the vice president directly owned 22,818 shares in the company, valued at $7,328,685.24. The trade was a 26.32% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 275,020 shares of company stock worth $86,414,503. 1.50% of the stock is owned by company insiders.

About General Dynamics

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.