IFM Investors Pty Ltd Acquires 884 Shares of General Dynamics Corporation $GD

Key Points

• IFM Investors Pty Ltd has increased its stake in General Dynamics Corporation by 4.7%, now owning 19,548 shares valued at approximately $5.7 million.
• The company reported earnings per share (EPS) of $3.74 in its most recent quarter, which exceeded analyst estimates by $0.27.
• General Dynamics has declared a quarterly dividend of $1.50 per share, which will be paid on November 14th, representing an annual yield of 1.9%.

IFM Investors Pty Ltd raised its holdings in General Dynamics Corporation (NYSE:GD - Free Report) by 4.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,548 shares of the aerospace company's stock after purchasing an additional 884 shares during the period. IFM Investors Pty Ltd's holdings in General Dynamics were worth $5,701,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Rialto Wealth Management LLC increased its position in shares of General Dynamics by 213.8% during the first quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock worth $25,000 after buying an additional 62 shares during the period. Inlight Wealth Management LLC purchased a new position in General Dynamics during the first quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC purchased a new position in General Dynamics in the 1st quarter worth approximately $27,000. Copia Wealth Management purchased a new stake in shares of General Dynamics in the 4th quarter worth about $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of General Dynamics during the 4th quarter valued at about $28,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at General Dynamics

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 33,740 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the completion of the sale, the executive vice president owned 45,192 shares in the company, valued at approximately $14,244,518.40. The trade was a 42.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Phebe N. Novakovic sold 129,090 shares of the company's stock in a transaction on Monday, August 18th. The shares were 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 disclosure for this sale can be found here. In 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.

General Dynamics Stock Down 0.4%

Shares of General Dynamics stock traded down $1.39 during midday trading on Tuesday, hitting $321.27. The company's stock had a trading volume of 432,767 shares, compared to its average volume of 1,378,872. The firm has a market capitalization of $86.42 billion, a P/E ratio of 21.57, a PEG ratio of 1.99 and a beta of 0.50. The stock has a 50-day simple moving average of $316.73 and a 200-day simple moving average of $290.21. 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 1-year low of $239.20 and a 1-year high of $330.18.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, topping analysts' consensus estimates of $3.47 by $0.27. The company 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 business's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, sell-side analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 annualized dividend and a yield of 1.9%. General Dynamics's dividend payout ratio is currently 40.27%.

Wall Street Analysts Forecast Growth

GD has been the topic of a number of recent analyst reports. UBS Group raised their target price on shares of General Dynamics from $309.00 to $333.00 and gave the stock a "neutral" rating in a research note 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. Citigroup boosted their price target on General Dynamics from $348.00 to $368.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Wolfe Research raised General Dynamics from a "peer perform" rating to an "outperform" rating and set a $360.00 price objective for the company in a research note on Thursday, July 24th. Finally, Jefferies Financial Group set a $325.00 price target on General Dynamics and gave the stock a "hold" rating in a report on Wednesday, July 9th. Nine research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $315.78.

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.