Ameritas Advisory Services LLC Has $1.49 Million Stock Position in General Dynamics Corporation $GD

Ameritas Advisory Services LLC grew its stake in shares of General Dynamics Corporation (NYSE:GD) by 9.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,099 shares of the aerospace company’s stock after purchasing an additional 427 shares during the quarter. Ameritas Advisory Services LLC’s holdings in General Dynamics were worth $1,487,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in General Dynamics by 4.9% during the first quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock worth $1,499,819,000 after buying an additional 256,687 shares during the last quarter. Ameriprise Financial Inc. increased its position in General Dynamics by 34.8% during the first quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock worth $749,252,000 after buying an additional 709,782 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in General Dynamics by 0.3% during 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 buying an additional 5,313 shares during the last quarter. Boston Partners increased its position in General Dynamics by 7.9% during the first quarter. Boston Partners now owns 1,296,497 shares of the aerospace company’s stock worth $353,558,000 after buying an additional 94,537 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of General Dynamics by 120.9% during the 1st quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company’s stock worth $343,866,000 after acquiring an additional 690,349 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In other General Dynamics news, EVP Mark Lagrand Burns sold 43,860 shares of the firm’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $312.28, for a total value of $13,696,600.80. Following the transaction, the executive vice president directly owned 39,875 shares of the company’s stock, valued at $12,452,165. This trade represents a 52.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of General Dynamics stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the completion of the transaction, the vice president directly owned 22,818 shares in the company, valued at $7,328,685.24. This trade represents a 26.32% 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 worth $86,414,503. Corporate insiders own 1.50% of the company’s stock.

General Dynamics Trading Up 0.8%

Shares of NYSE:GD opened at $343.76 on Friday. The company has a market capitalization of $92.47 billion, a P/E ratio of 23.07, a P/E/G ratio of 2.10 and a beta of 0.47. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $345.22. 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 50 day simple moving average is $321.91 and its 200 day simple moving average is $294.30.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $0.27. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The business had revenue of $13.04 billion for the quarter, compared to the consensus estimate of $12.13 billion. During the same quarter in the prior year, the business posted $3.26 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, research analysts anticipate that General Dynamics Corporation will post 14.83 EPS 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. Shareholders of record on Friday, October 10th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s dividend payout ratio (DPR) is currently 40.27%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on GD shares. Deutsche Bank Aktiengesellschaft raised General Dynamics from a “hold” rating to a “buy” rating and boosted their target price for the stock from $298.00 to $342.00 in a report on Tuesday, July 8th. Citigroup upped their price objective 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. Sanford C. Bernstein set a $314.00 price target on shares of General Dynamics and gave the company a “market perform” rating in a research note on Monday, July 14th. Jefferies Financial Group set a $325.00 price target on shares of General Dynamics and gave the company a “hold” rating in a research note on Wednesday, July 9th. Finally, Wolfe Research raised General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 target price on the stock in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $315.78.

General Dynamics Company 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.