Littlejohn Financial Services Inc. Invests $2.14 Million in General Dynamics Corporation $GD

Key Points

• Littlejohn Financial Services Inc. invested approximately $2.14 million in 7,337 shares of General Dynamics Corporation, making it the firm’s 19th largest position in its portfolio.
• General Dynamics recently reported a quarterly earnings beat with EPS of $3.74, exceeding estimates, and set FY 2025 guidance at 15.050-15.150 EPS.
• The company will pay a quarterly dividend of $1.50 per share on November 14th, representing an annualized yield of 1.9%.

Littlejohn Financial Services Inc. acquired a new position in shares of General Dynamics Corporation (NYSE:GD - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,337 shares of the aerospace company's stock, valued at approximately $2,140,000. General Dynamics accounts for approximately 1.7% of Littlejohn Financial Services Inc.'s portfolio, making the stock its 19th biggest position.

A number of other large investors have also modified their holdings of GD. GAMMA Investing LLC increased its position in shares of General Dynamics by 34,578.2% during the first quarter. GAMMA Investing LLC now owns 1,244,600 shares of the aerospace company's stock worth $339,253,000 after acquiring an additional 1,241,011 shares during the period. Nuveen LLC purchased a new stake in shares of General Dynamics during the first quarter worth $272,464,000. Ameriprise Financial Inc. increased its position in shares of General Dynamics by 34.8% during the first quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company's stock worth $749,252,000 after acquiring an additional 709,782 shares during the period. Deutsche Bank AG increased its position in shares of General Dynamics by 120.9% during the first quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company's stock worth $343,866,000 after acquiring an additional 690,349 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of General Dynamics by 4.9% during the first quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company's stock worth $1,499,819,000 after acquiring an additional 256,687 shares during the period. Hedge funds and other institutional investors own 86.14% of the company's stock.

General Dynamics Stock Performance

NYSE GD opened at $323.59 on Thursday. 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 1 year low of $239.20 and a 1 year high of $330.18. The company has a market capitalization of $87.04 billion, a PE ratio of 21.72, a P/E/G ratio of 1.98 and a beta of 0.50. The company has a fifty day moving average of $317.63 and a two-hundred day moving average of $290.67.

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

General Dynamics Announces Dividend

The company 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 $1.50 dividend. 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 dividend payout ratio (DPR) is presently 40.27%.

Insider Transactions at General Dynamics

In other news, VP Christopher J. Brady sold 8,150 shares of General Dynamics stock in a transaction that occurred 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 completion of the sale, the vice president directly owned 22,818 shares in the company, valued at approximately $7,328,685.24. This trade represents a 26.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of General Dynamics stock in a transaction that occurred 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 sale, the executive vice president owned 45,192 shares of the company's stock, valued at approximately $14,244,518.40. The trade was a 42.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 275,020 shares of company stock valued at $86,414,503 over the last 90 days. Insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Susquehanna increased their target price on General Dynamics from $315.00 to $365.00 and gave the company a "positive" rating in a report on Thursday, July 24th. UBS Group increased their target price on General Dynamics from $309.00 to $333.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft raised General Dynamics from a "hold" rating to a "buy" rating and increased their target price for the company from $298.00 to $342.00 in a report on Tuesday, July 8th. Robert W. Baird increased their target price on General Dynamics from $283.00 to $350.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, Jefferies Financial Group set a $325.00 target price on General Dynamics and gave the company a "hold" rating in a report on Wednesday, July 9th. Nine equities 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $315.78.

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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