Rep. Julie Johnson Purchases Shares of General Dynamics Corporation (NYSE:GD)

Key Points

• Representative Julie Johnson (D-Texas) purchased shares of General Dynamics Corporation (NYSE:GD) valued between $1,001 and $15,000 on May 2nd, as revealed in a filing on June 13th.
• General Dynamics announced a quarterly dividend of $1.50 per share, with a dividend yield of 1.91%, scheduled to be paid on August 8th.
• Analysts have varying ratings on General Dynamics, with JPMorgan Chase raising its price target from $284 to $345, while UBS offered a neutral rating with a price objective of $333.

Representative Julie Johnson (D-Texas) recently bought shares of General Dynamics Corporation NYSE: GD. In a filing disclosed on June 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in General Dynamics stock on May 2nd. The trade occurred in the Representative's "CHASE BROKERAGE ACCOUNT (3935)" account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Palantir Technologies NASDAQ: PLTR on 6/30/2025.
• Purchased $1,001 - $15,000 in shares of 3M NYSE: MMM on 6/18/2025.
• Purchased $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 6/13/2025.
• Purchased $1,001 - $15,000 in shares of Bank of New York Mellon NYSE: BK on 5/15/2025.
• Sold $1,001 - $15,000 in shares of Morgan Stanley NYSE: MS on 5/15/2025.
• Purchased $1,001 - $15,000 in shares of Fidelity National Information Services NYSE: FIS on 5/15/2025.
• Purchased $1,001 - $15,000 in shares of Fidelity National Information Services NYSE: FIS on 4/30/2025.
• Sold $1,001 - $15,000 in shares of Blackstone NYSE: BX on 4/22/2025.
• Purchased $1,001 - $15,000 in shares of Fidelity National Information Services NYSE: FIS on 4/22/2025.
• Sold $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 4/15/2025.

General Dynamics Trading Up 1.0%

GD stock traded up $2.99 on Tuesday, hitting $316.09. 401,683 shares of the company were exchanged, compared to its average volume of 1,487,717. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $322.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. The business's fifty day moving average is $288.30 and its two-hundred day moving average is $272.68. The stock has a market capitalization of $85.02 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 1.98 and a beta of 0.46.

General Dynamics (NYSE:GD - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, topping analysts' consensus estimates of $3.47 by $0.27. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The company had revenue of $13.04 billion for the quarter, compared to analysts' expectations of $12.13 billion. During the same period in the prior year, the company earned $3.26 earnings per share. The firm's revenue was up 8.9% compared to the same quarter last year. As a group, research analysts forecast 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, August 8th. Stockholders of record on Thursday, July 3rd will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Thursday, July 3rd. General Dynamics's dividend payout ratio is presently 40.27%.

Hedge Funds Weigh In On General Dynamics

Several institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC lifted its holdings in General Dynamics by 15.3% during the 4th quarter. Empowered Funds LLC now owns 9,689 shares of the aerospace company's stock worth $2,553,000 after purchasing an additional 1,283 shares in the last quarter. Hickory Point Bank & Trust purchased a new position in General Dynamics in the 4th quarter worth approximately $692,000. Atlas Legacy Advisors LLC bought a new stake in shares of General Dynamics in the 4th quarter worth approximately $550,000. Jones Financial Companies Lllp grew its position in shares of General Dynamics by 45.4% in the 4th quarter. Jones Financial Companies Lllp now owns 80,565 shares of the aerospace company's stock worth $21,228,000 after buying an additional 25,144 shares during the last quarter. Finally, U S Global Investors Inc. boosted its position in shares of General Dynamics by 18.6% during the fourth quarter. U S Global Investors Inc. now owns 79,450 shares of the aerospace company's stock valued at $20,934,000 after purchasing an additional 12,453 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on GD. Deutsche Bank Aktiengesellschaft raised shares of General Dynamics from a "hold" rating to a "buy" rating and lifted their price target for the company from $298.00 to $342.00 in a research report on Tuesday, July 8th. UBS Group boosted their target price on shares of General Dynamics from $309.00 to $333.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Barclays boosted their target price on shares of General Dynamics from $285.00 to $350.00 and gave the stock an "overweight" rating in a research report on Tuesday. Wells Fargo & Company dropped their target price on shares of General Dynamics from $261.00 to $236.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Finally, Citigroup boosted their price target on shares of General Dynamics from $348.00 to $368.00 and gave the company a "buy" rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $315.78.

Insider Transactions at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 178,821 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $283.13, for a total transaction of $50,629,589.73. Following the completion of the sale, the chief executive officer owned 769,607 shares of the company's stock, valued at approximately $217,898,829.91. The trade was a 18.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.50% of the company's stock.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024. Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.

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.