Woodward Diversified Capital LLC Has $656,000 Position in General Dynamics Corporation $GD

Key Points

• Woodward Diversified Capital LLC increased its stake in General Dynamics Corporation (NYSE:GD) by 91.7% in Q2, owning 2,249 shares valued at $656,000.
• General Dynamics reported strong Q2 earnings with $3.74 earnings per share, surpassing estimates, and announced a quarterly dividend of $1.50, with a yield of 1.8%.
• Institutional investors hold 86.14% of General Dynamics' shares, showing significant confidence in the company's stock, while various analysts upgraded their price targets significantly.

Woodward Diversified Capital LLC grew its position in General Dynamics Corporation (NYSE:GD - Free Report) by 91.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,249 shares of the aerospace company's stock after buying an additional 1,076 shares during the period. Woodward Diversified Capital LLC's holdings in General Dynamics were worth $656,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in General Dynamics by 4.9% in the first quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company's stock valued at $1,499,819,000 after acquiring an additional 256,687 shares during the period. Ameriprise Financial Inc. grew its position in shares of General Dynamics by 34.8% in the 1st quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company's stock valued at $749,252,000 after purchasing an additional 709,782 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of General Dynamics by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,582,388 shares of the aerospace company's stock valued at $431,327,000 after purchasing an additional 5,313 shares during the period. Boston Partners boosted its holdings in shares of General Dynamics by 7.9% in the first quarter. Boston Partners now owns 1,296,497 shares of the aerospace company's stock valued at $353,558,000 after buying an additional 94,537 shares during the period. Finally, Deutsche Bank AG boosted its holdings in shares of 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 buying an additional 690,349 shares during the period. Institutional investors and hedge funds own 86.14% of the company's stock.

General Dynamics Stock Down 0.0%

NYSE GD opened at $340.96 on Thursday. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $341.19. The company has a 50 day moving average of $320.78 and a 200-day moving average of $293.08. The company has a market cap of $91.71 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 2.09 and a beta of 0.47.

General Dynamics (NYSE:GD - Get Free Report) last announced 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. The firm had revenue of $13.04 billion during 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 company's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, equities research analysts expect that General Dynamics Corporation will post 14.83 earnings per share 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. Stockholders of record on Friday, October 10th will be given a $1.50 dividend. 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%.

Analyst Ratings Changes

A number of brokerages recently weighed in on GD. JPMorgan Chase & Co. upped their target price on shares of General Dynamics from $284.00 to $345.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Seaport Res Ptn raised General Dynamics from a "hold" rating to a "strong-buy" rating in a research report on Monday. Barclays upped their price objective on General Dynamics from $285.00 to $350.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. TD Cowen upped their price target on General Dynamics from $290.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Finally, Citigroup upped their price target on General Dynamics from $348.00 to $368.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, General Dynamics currently has an average rating of "Hold" and a consensus price target of $315.78.

Insider Buying and Selling

In other General Dynamics news, VP William A. Moss sold 17,700 shares of the business's stock in a transaction that occurred 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 in the company, valued at $5,260,782.80. The trade was a 51.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the business's stock in a transaction on 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 transaction, the executive vice president directly owned 45,192 shares of the company's stock, valued at $14,244,518.40. This trade represents a 42.75% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 275,020 shares of company stock worth $86,414,503. 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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