Meeder Asset Management Inc. Makes New $2.49 Million Investment in General Dynamics Corporation $GD

Key Points

• Meeder Asset Management acquired 7,030 General Dynamics shares worth approximately $2.49 million during the second quarter. Institutional investors and hedge funds collectively own 86.14% of the company.
• Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $410.89. Several firms recently raised their targets, including Morgan Stanley to $465 and Susquehanna to $455.
• General Dynamics exceeded quarterly expectations with $4.24 in earnings per share and $14.09 billion in revenue, while revenue increased 8.1% year over year. The company also announced a $1.59 quarterly dividend, equivalent to a 1.6% yield.

Meeder Asset Management Inc. acquired a new stake in General Dynamics Corporation (NYSE:GD - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,030 shares of the aerospace company's stock, valued at approximately $2,490,000.

A number of other institutional investors have also made changes to their positions in the business. Whipplewood Advisors LLC lifted its holdings in General Dynamics by 1,725.0% during the 1st quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company's stock valued at $25,000 after purchasing an additional 69 shares during the last quarter. Scarborough Advisors LLC bought a new position in General Dynamics in the 1st quarter valued at about $29,000. Wilkerson Advisory Group LLC boosted its holdings in shares of General Dynamics by 79.6% during the first quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company's stock worth $30,000 after acquiring an additional 39 shares during the period. Paladin Partners LLC bought a new stake in General Dynamics in the 2nd quarter valued at $30,000. Finally, Center for Financial Planning Inc. lifted its holdings in shares of General Dynamics by 220.7% during the fourth quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company's stock worth $31,000 after buying an additional 64 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on GD. Weiss Ratings raised shares of General Dynamics from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, July 1st. Royal Bank Of Canada boosted their price objective on shares of General Dynamics from $385.00 to $410.00 and gave the company a "sector perform" rating in a research report on Thursday, July 30th. Susquehanna raised their target price on General Dynamics from $420.00 to $455.00 and gave the company a "positive" rating in a report on Thursday, July 30th. Morgan Stanley boosted their target price on shares of General Dynamics from $435.00 to $465.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th. Finally, Bank of America increased their price target on General Dynamics from $400.00 to $415.00 and gave the company a "buy" rating in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $410.89.

General Dynamics Stock Performance

Shares of GD stock opened at $393.77 on Wednesday. General Dynamics Corporation has a one year low of $306.77 and a one year high of $400.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96. The firm has a 50-day moving average of $372.12 and a 200-day moving average of $355.08. The company has a market cap of $106.54 billion, a P/E ratio of 24.02, a P/E/G ratio of 2.29 and a beta of 0.32.

General Dynamics (NYSE:GD - Get Free Report) last announced its earnings results on Wednesday, July 29th. The aerospace company reported $4.24 earnings per share for the quarter, topping analysts' consensus estimates of $3.96 by $0.28. The firm had revenue of $14.09 billion for the quarter, compared to the consensus estimate of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.The company's revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.74 EPS. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Equities research analysts forecast that General Dynamics Corporation will post 16.97 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be paid a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, October 9th. General Dynamics's payout ratio is presently 38.80%.

Insider Activity at General Dynamics

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 43,180 shares of the firm's stock in a transaction on Friday, July 31st. The stock was sold at an average price of $378.04, for a total value of $16,323,767.20. Following the completion of the sale, the executive vice president directly owned 44,767 shares of the company's stock, valued at $16,923,716.68. This trade represents a 49.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark Malcolm sold 5,480 shares of the company's stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total value of $2,000,200.00. Following the transaction, the director directly owned 10,643 shares in the company, valued at $3,884,695. This represents a 33.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 100,228 shares of company stock worth $38,052,853. 1.40% of the stock is owned by company insiders.

General Dynamics Company Profile

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.

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