J.Safra Asset Management Corp Makes New $273,000 Investment in General Dynamics Corporation $GD

Key Points

• J.Safra Asset Management Corp made a new investment of $273,000 in General Dynamics Corporation, acquiring 940 shares in the second quarter.
• General Dynamics' stock has received positive attention from analysts, with multiple price target upgrades, including Barclays raising its target from $285.00 to $350.00 and Wolfe Research increasing it from $360.00 to $400.00.
• The company recently announced a quarterly dividend of $1.50 per share, equating to an annualized dividend yield of 1.8%.

J.Safra Asset Management Corp purchased a new stake in General Dynamics Corporation (NYSE:GD - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 940 shares of the aerospace company's stock, valued at approximately $273,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Inlight Wealth Management LLC acquired a new stake in shares of General Dynamics during the 1st quarter valued at $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of General Dynamics during the first quarter valued at $27,000. Quarry LP boosted its position in shares of General Dynamics by 783.3% in the 1st quarter. Quarry LP now owns 106 shares of the aerospace company's stock valued at $29,000 after purchasing an additional 94 shares during the period. Abound Financial LLC purchased a new position in General Dynamics in the 1st quarter worth about $32,000. Finally, Nova Wealth Management Inc. acquired a new stake in General Dynamics during the 1st quarter worth about $33,000. 86.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GD shares. Barclays lifted their target price on shares of General Dynamics from $285.00 to $350.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Sanford C. Bernstein set a $314.00 price objective on shares of General Dynamics and gave the stock a "market perform" rating in a research report on Monday, July 14th. Wolfe Research increased their target price on General Dynamics from $360.00 to $400.00 and gave the company an "outperform" rating in a report on Thursday, October 9th. JPMorgan Chase & Co. lifted their price target on General Dynamics from $284.00 to $345.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $400.00 price target on shares of General Dynamics in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $324.11.

General Dynamics Stock Performance

Shares of NYSE GD opened at $334.64 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. General Dynamics Corporation has a one year low of $239.20 and a one year high of $347.37. The business's 50-day moving average price is $325.37 and its two-hundred day moving average price is $297.59. The company has a market capitalization of $90.01 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 2.05 and a beta of 0.47.

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 (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.27. The business 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 firm's revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

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 paid a dividend of $1.50 per share. The ex-dividend date is Friday, October 10th. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. General Dynamics's dividend payout ratio is 40.27%.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 8,150 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the transaction, the vice president directly owned 22,818 shares of the company's stock, valued at $7,328,685.24. This represents a 26.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the company's 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 sale, the executive vice president owned 45,192 shares of the company's stock, valued at approximately $14,244,518.40. This trade represents a 42.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 275,020 shares of company stock worth $86,414,503 in the last ninety days. Company 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.

Want to see what other hedge funds are holding GD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Dynamics Corporation (NYSE:GD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.