Stonebridge Capital Management Inc. Raises Stock Position in General Dynamics Corporation $GD

Stonebridge Capital Management Inc. raised its stake in shares of General Dynamics Corporation (NYSE:GD) by 0.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,093 shares of the aerospace company’s stock after buying an additional 145 shares during the period. General Dynamics makes up 2.9% of Stonebridge Capital Management Inc.’s portfolio, making the stock its 8th biggest position. Stonebridge Capital Management Inc.’s holdings in General Dynamics were worth $7,319,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in shares of General Dynamics by 4.9% in the 1st quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock worth $1,499,819,000 after purchasing an additional 256,687 shares during the last quarter. Royal Bank of Canada increased its position in shares of General Dynamics by 5.2% in the fourth quarter. Royal Bank of Canada now owns 2,935,046 shares of the aerospace company’s stock worth $773,355,000 after acquiring an additional 145,978 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of General Dynamics by 34.8% in the first quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock worth $749,252,000 after acquiring an additional 709,782 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of General Dynamics by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,582,388 shares of the aerospace company’s stock worth $431,327,000 after acquiring an additional 5,313 shares in the last quarter. Finally, Boston Partners increased its position 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 worth $353,558,000 after acquiring an additional 94,537 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Trading Down 1.0%

NYSE:GD opened at $326.23 on Friday. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $330.18. The firm has a market cap of $87.75 billion, a price-to-earnings ratio of 21.89, a P/E/G ratio of 2.02 and a beta of 0.50. 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 company’s 50 day moving average is $313.76 and its 200-day moving average is $286.94.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.27. The firm had revenue of $13.04 billion for the quarter, compared to analyst estimates of $12.13 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Equities analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given a dividend of $1.50 per share. The ex-dividend date is Friday, October 10th. This represents a $6.00 annualized dividend and a yield of 1.8%. General Dynamics’s dividend payout ratio is 40.27%.

Analysts Set New Price Targets

Several research firms have recently weighed in on GD. Citigroup lifted their target price on shares of General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft raised shares of General Dynamics from a “hold” rating to a “buy” rating and lifted their target price for the stock from $298.00 to $342.00 in a research report on Tuesday, July 8th. Barclays raised their price target on shares of General Dynamics from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. UBS Group raised their price target on shares of General Dynamics from $309.00 to $333.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Finally, Cowen restated a “buy” rating on shares of General Dynamics in a report on Wednesday, June 25th. 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, the company has an average rating of “Hold” and a consensus price target of $315.78.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, VP William A. Moss sold 17,700 shares of the company’s stock in a transaction dated 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 transaction, the vice president directly owned 16,627 shares in the company, valued at approximately $5,260,782.80. This represents a 51.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the transaction, the executive vice president owned 45,192 shares in the company, valued at approximately $14,244,518.40. The trade was 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 worth $87,495,956 over the last quarter. Corporate insiders own 1.50% of the company’s stock.

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.