MBB Public Markets I LLC Takes $331,000 Position in General Dynamics Corporation $GD

Key Points

• MBB Public Markets I LLC invested approximately $331,000 in General Dynamics Corporation by acquiring 1,214 shares in the first quarter of the year.
• General Dynamics reported earnings of $3.74 per share, surpassing estimates, with a revenue of $13.04 billion, showing an 8.9% increase year-over-year.
• The company recently declared a quarterly dividend of $1.50 per share, with a scheduled payment date of November 14th, representing a 1.9% yield.

MBB Public Markets I LLC bought a new position in General Dynamics Corporation (NYSE:GD - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,214 shares of the aerospace company's stock, valued at approximately $331,000.

A number of other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its stake in General Dynamics by 16.9% in the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company's stock valued at $760,000 after acquiring an additional 417 shares in the last quarter. FORA Capital LLC purchased a new stake in shares of General Dynamics during the 4th quarter valued at $366,000. Ethic Inc. boosted its position in shares of General Dynamics by 40.2% in the 4th quarter. Ethic Inc. now owns 7,088 shares of the aerospace company's stock worth $1,868,000 after purchasing an additional 2,034 shares in the last quarter. Focus Partners Wealth grew its stake in General Dynamics by 324.5% during the 4th quarter. Focus Partners Wealth now owns 89,686 shares of the aerospace company's stock worth $24,488,000 after buying an additional 68,561 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in General Dynamics by 38.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 243,730 shares of the aerospace company's stock valued at $64,220,000 after buying an additional 67,167 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GD. Cowen restated a "buy" rating on shares of General Dynamics in a research note on Wednesday, June 25th. Susquehanna lifted their target price on shares of General Dynamics from $315.00 to $365.00 and gave the stock 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 company a "hold" rating in a research note on Wednesday, July 9th. Barclays lifted their price objective on shares of General Dynamics from $285.00 to $350.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Finally, UBS Group upped their target price on General Dynamics from $309.00 to $333.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, General Dynamics has an average rating of "Hold" and an average target price of $315.78.

Insider Activity

In related news, VP William A. Moss sold 17,700 shares of General Dynamics stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $316.40, for a total value of $5,600,280.00. Following the completion of the transaction, the vice president owned 16,627 shares in the company, valued at $5,260,782.80. The trade was a 51.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Phebe N. Novakovic sold 129,090 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $313.57, for a total value of $40,478,751.30. Following the transaction, the chief executive officer owned 769,607 shares in the company, valued at $241,325,666.99. This represents a 14.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 458,260 shares of company stock valued at $138,125,545 in the last three months. Corporate insiders own 1.50% of the company's stock.

General Dynamics Stock Performance

NYSE:GD traded up $6.55 during mid-day trading on Thursday, hitting $329.60. The company's stock had a trading volume of 834,075 shares, compared to its average volume of 773,300. The business's fifty day moving average is $312.40 and its two-hundred day moving average is $285.84. The stock has a market cap of $88.66 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 1.98 and a beta of 0.50. 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 $330.00.

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 analysts' consensus estimates of $3.47 by $0.27. The firm had revenue of $13.04 billion for 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 company's revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, October 10th. General Dynamics's payout ratio is currently 40.27%.

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.