Martin Capital Partners LLC Has $6.45 Million Stock Holdings in General Dynamics Corporation $GD

Key Points

• Martin Capital Partners LLC significantly increased its stake in General Dynamics by 215.6% during Q2, owning 22,123 shares valued at approximately $6.45 million.
• General Dynamics reported better-than-expected earnings of $3.74 per share for the previous quarter, exceeding analysts' estimates by $0.27, with revenue of $13.04 billion.
• The company also announced a quarterly dividend of $1.50 per share, set to be paid on November 14th, indicating a dividend yield of 1.8%.

Martin Capital Partners LLC raised its holdings in General Dynamics Corporation (NYSE:GD - Free Report) by 215.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,123 shares of the aerospace company's stock after buying an additional 15,113 shares during the quarter. General Dynamics accounts for about 2.5% of Martin Capital Partners LLC's investment portfolio, making the stock its 13th largest position. Martin Capital Partners LLC's holdings in General Dynamics were worth $6,452,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GD. JPMorgan Chase & Co. grew its stake in shares of General Dynamics by 4.9% in 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 last quarter. Ameriprise Financial Inc. raised 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 valued at $749,252,000 after buying an additional 709,782 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of General Dynamics by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,582,388 shares of the aerospace company's stock valued at $431,327,000 after buying an additional 5,313 shares during the period. Boston Partners increased its stake in General Dynamics by 7.9% during the first quarter. Boston Partners now owns 1,296,497 shares of the aerospace company's stock valued at $353,558,000 after acquiring an additional 94,537 shares during the period. Finally, Deutsche Bank AG raised its holdings in General Dynamics by 120.9% in the 1st quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company's stock valued at $343,866,000 after acquiring an additional 690,349 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Stock Down 1.0%

Shares of GD opened at $326.23 on Monday. The company has a market capitalization of $87.75 billion, a P/E ratio of 21.89, a PEG ratio of 2.00 and a beta of 0.50. General Dynamics Corporation has a one year low of $239.20 and a one year high of $330.18. The business's 50 day simple moving average is $313.76 and its 200-day simple moving average is $287.46. 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 (NYSE:GD - Get Free Report) last issued 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. The firm had revenue of $13.04 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, sell-side analysts predict that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 1.8%. General Dynamics's dividend payout ratio is currently 40.27%.

Insider Transactions at General Dynamics

In other General Dynamics news, Director Mark Malcolm sold 1,210 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $319.04, for a total value of $386,038.40. Following the completion of the transaction, the director directly owned 10,186 shares of the company's stock, valued at approximately $3,249,741.44. The trade was a 10.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Christopher J. Brady sold 8,150 shares of the business's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the completion of the transaction, the vice president owned 22,818 shares of the company's stock, valued at $7,328,685.24. This trade represents a 26.32% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 271,800 shares of company stock worth $85,353,674. Corporate insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Cowen reissued a "buy" rating on shares of General Dynamics in a report on Wednesday, June 25th. Susquehanna upped their target price on shares of General Dynamics from $315.00 to $365.00 and gave the company a "positive" rating in a research note on Thursday, July 24th. Jefferies Financial Group set a $325.00 price target on shares of General Dynamics and gave the stock a "hold" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. lifted their price objective on General Dynamics from $284.00 to $345.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Finally, Robert W. Baird increased their target price on General Dynamics from $283.00 to $350.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Nine investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average 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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