SWS Partners Boosts Stock Position in General Dynamics Corporation $GD

Key Points

• SWS Partners increased its stake in General Dynamics Corporation by 18.2% during the first quarter, owning 9,130 shares worth approximately $2.49 million.
• Institutional investors own 86.14% of General Dynamics' stock, with significant increases from GAMMA Investing LLC and Ameriprise Financial Inc. during the same period.
• General Dynamics announced a quarterly dividend of $1.50 per share, with an annualized yield of 1.9%, set for payment on November 14th.

SWS Partners grew its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 18.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,130 shares of the aerospace company's stock after purchasing an additional 1,403 shares during the period. SWS Partners' holdings in General Dynamics were worth $2,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in GD. GAMMA Investing LLC grew its position in shares of General Dynamics by 34,578.2% in the first quarter. GAMMA Investing LLC now owns 1,244,600 shares of the aerospace company's stock valued at $339,253,000 after purchasing an additional 1,241,011 shares in the last quarter. Nuveen LLC acquired a new position in General Dynamics in the first quarter valued at approximately $272,464,000. Ameriprise Financial Inc. lifted its holdings in General Dynamics by 34.8% in the first quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company's stock valued at $749,252,000 after acquiring an additional 709,782 shares during the last quarter. Deutsche Bank AG lifted its holdings in General Dynamics by 120.9% in the first 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 during the last quarter. Finally, Voloridge Investment Management LLC lifted its holdings in General Dynamics by 6,387.2% in the fourth quarter. Voloridge Investment Management LLC now owns 401,236 shares of the aerospace company's stock valued at $105,722,000 after acquiring an additional 395,051 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on GD shares. UBS Group upped their price objective on General Dynamics from $309.00 to $333.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. upped 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. TD Cowen upped their price objective on General Dynamics from $290.00 to $300.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Barclays upped their price objective on General Dynamics from $285.00 to $350.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Finally, Cowen restated a "buy" rating on shares of General Dynamics in a research note on Wednesday, June 25th. Nine research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $315.78.

General Dynamics Stock Up 0.5%

NYSE:GD opened at $322.84 on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. The stock's fifty day moving average is $312.40 and its two-hundred day moving average is $285.84. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $326.02. The stock has a market capitalization of $86.84 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 1.97 and a beta of 0.50.

General Dynamics (NYSE:GD - Get Free Report) last released its quarterly 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 company had revenue of $13.04 billion for the quarter, compared to analysts' expectations of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The firm's revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Research analysts anticipate that General Dynamics Corporation will post 14.83 EPS 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 paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, October 10th. General Dynamics's dividend payout ratio (DPR) is presently 40.27%.

Insiders Place Their Bets

In other news, Director Mark Malcolm sold 1,210 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $319.04, for a total value of $386,038.40. Following the sale, the director directly owned 10,186 shares in the company, valued at approximately $3,249,741.44. This trade represents a 10.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of the stock in a transaction on 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. The trade was a 26.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 458,260 shares of company stock valued at $138,125,545. 1.50% of the stock is owned by company insiders.

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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