Ramirez Asset Management Inc. Has $3.13 Million Stock Position in General Dynamics Corporation $GD

Key Points

• Ramirez Asset Management Inc. increased its stake in General Dynamics Corporation by 68.2%, owning 10,727 shares worth approximately $3.13 million as of its latest SEC filing.
• General Dynamics recently announced a quarterly dividend of $1.50 per share, with an annualized yield of 1.8%, set to be paid on November 14th.
• Several institutional investors have modified their holdings in General Dynamics, with 86.14% of the stock currently owned by institutional investors and hedge funds.

Ramirez Asset Management Inc. lifted its stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 68.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,727 shares of the aerospace company's stock after buying an additional 4,350 shares during the period. Ramirez Asset Management Inc.'s holdings in General Dynamics were worth $3,129,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of GD. Salvus Wealth Management LLC lifted its holdings in shares of General Dynamics by 2.9% during the 2nd quarter. Salvus Wealth Management LLC now owns 1,274 shares of the aerospace company's stock worth $372,000 after acquiring an additional 36 shares during the last quarter. Principal Securities Inc. raised its position in General Dynamics by 0.5% in the 1st quarter. Principal Securities Inc. now owns 8,203 shares of the aerospace company's stock worth $2,161,000 after purchasing an additional 37 shares during the period. Sharpepoint LLC raised its position in General Dynamics by 4.2% in the 1st quarter. Sharpepoint LLC now owns 917 shares of the aerospace company's stock worth $249,000 after purchasing an additional 37 shares during the period. United Asset Strategies Inc. raised its position in General Dynamics by 1.2% in the 1st quarter. United Asset Strategies Inc. now owns 3,140 shares of the aerospace company's stock worth $856,000 after purchasing an additional 37 shares during the period. Finally, Southland Equity Partners LLC increased its position in shares of General Dynamics by 3.2% in the second quarter. Southland Equity Partners LLC now owns 1,185 shares of the aerospace company's stock valued at $346,000 after acquiring an additional 37 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Dynamics

In related news, VP William A. Moss sold 17,700 shares of the firm's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the completion of the transaction, the vice president directly owned 16,627 shares of the company's stock, valued at approximately $5,260,782.80. This trade represents a 51.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Phebe N. Novakovic sold 129,090 shares of the firm's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the transaction, the chief executive officer directly owned 769,607 shares of the company's stock, valued at $241,325,666.99. The trade was a 14.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 275,020 shares of company stock valued at $86,414,503. Company insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Jefferies Financial Group set a $325.00 price objective on shares of General Dynamics and gave the company a "hold" rating in a research report on Wednesday, July 9th. Seaport Res Ptn raised shares of General Dynamics from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 29th. Sanford C. Bernstein set a $314.00 price objective on shares of General Dynamics and gave the stock a "market perform" rating in a research note on Monday, July 14th. Wall Street Zen raised shares of General Dynamics from a "hold" rating to a "buy" rating in a research note on Saturday, October 4th. Finally, Robert W. Baird boosted their price objective on shares of General Dynamics from $283.00 to $350.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $319.00.

General Dynamics Stock Down 1.0%

Shares of GD stock opened at $342.81 on Friday. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $347.37. The stock has a market cap of $92.21 billion, a P/E ratio of 23.01, a P/E/G ratio of 2.12 and a beta of 0.47. 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 50 day simple moving average of $324.48 and a two-hundred day simple moving average of $296.30.

General Dynamics (NYSE:GD - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, beating analysts' consensus estimates of $3.47 by $0.27. The business had revenue of $13.04 billion during the quarter, compared to analysts' expectations of $12.13 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The firm's revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company earned $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, research 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. Stockholders of record on Friday, October 10th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. General Dynamics's dividend payout ratio is 40.27%.

About General Dynamics

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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