Meiji Yasuda Life Insurance Co Takes Position in General Dynamics Corporation $GD

Key Points

• Meiji Yasuda Life Insurance Co made a new investment in General Dynamics by purchasing 2,111 shares valued at approximately $575,000 during the first quarter, according to their recent 13F filing.
• General Dynamics reported earnings per share of $3.74, outperforming analyst expectations of $3.47, with revenue for the quarter reaching $13.04 billion, up 8.9% year-over-year.
• The company will pay a quarterly dividend of $1.50 per share on November 14th, with a current dividend yield of 1.9% and a payout ratio of 40.27%.

Meiji Yasuda Life Insurance Co purchased a new position in shares of General Dynamics Corporation (NYSE:GD - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,111 shares of the aerospace company's stock, valued at approximately $575,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Principal Securities Inc. boosted its stake in General Dynamics by 0.5% during the 1st quarter. Principal Securities Inc. now owns 8,203 shares of the aerospace company's stock valued at $2,161,000 after purchasing an additional 37 shares in the last quarter. Sharpepoint LLC lifted its stake in General Dynamics by 4.2% during the first quarter. Sharpepoint LLC now owns 917 shares of the aerospace company's stock valued at $249,000 after purchasing an additional 37 shares during the last quarter. United Asset Strategies Inc. boosted its holdings in General Dynamics by 1.2% during the first quarter. United Asset Strategies Inc. now owns 3,140 shares of the aerospace company's stock worth $856,000 after buying an additional 37 shares in the last quarter. 1858 Wealth Management LLC increased its holdings in shares of General Dynamics by 1.2% in the first quarter. 1858 Wealth Management LLC now owns 3,224 shares of the aerospace company's stock valued at $879,000 after buying an additional 38 shares in the last quarter. Finally, Keystone Financial Services boosted its stake in shares of General Dynamics by 1.6% during the 1st quarter. Keystone Financial Services now owns 2,421 shares of the aerospace company's stock worth $660,000 after acquiring an additional 38 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Stock Performance

GD traded down $3.39 during midday trading on Friday, reaching $326.23. The company's stock had a trading volume of 578,791 shares, compared to its average volume of 1,383,298. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. The company has a fifty day simple moving average of $313.11 and a 200 day simple moving average of $286.42. The stock has a market cap of $87.75 billion, a P/E ratio of 21.89, a PEG ratio of 1.98 and a beta of 0.50. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $330.18.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.27. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The company had revenue of $13.04 billion during the quarter, compared to analysts' expectations of $12.13 billion. During the same period in the prior year, the business earned $3.26 earnings per share. General Dynamics's revenue for the quarter was up 8.9% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Research analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued 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 payout ratio is presently 40.27%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Sanford C. Bernstein set a $314.00 price objective on General Dynamics and gave the stock a "market perform" rating in a report on Monday, July 14th. UBS Group raised their price objective on General Dynamics from $309.00 to $333.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Citigroup upped their price objective on shares of General Dynamics from $348.00 to $368.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Susquehanna upped their target price on General Dynamics from $315.00 to $365.00 and gave the stock a "positive" rating in a research report on Thursday, July 24th. Finally, Jefferies Financial Group set a $325.00 price target on General Dynamics and gave the company a "hold" rating in a report on Wednesday, July 9th. Nine analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, General Dynamics presently has a consensus rating of "Hold" and a consensus price target of $315.78.

Insider Buying and Selling at General Dynamics

In related news, VP Christopher J. Brady sold 8,150 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $321.18, for a total value of $2,617,617.00. Following the completion of the sale, the vice president owned 22,818 shares in the company, valued at approximately $7,328,685.24. This trade represents a 26.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of General Dynamics 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 directly owned 45,192 shares in the company, valued at approximately $14,244,518.40. This trade represents a 42.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 279,439 shares of company stock valued at $87,495,956 in the last three months. Company insiders own 1.50% of the company's stock.

General Dynamics Company 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.