NBT Bank N A NY Acquires 703 Shares of General Dynamics Corporation $GD

NBT Bank N A NY increased its holdings in General Dynamics Corporation (NYSE:GD) by 4.0% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 18,146 shares of the aerospace company’s stock after buying an additional 703 shares during the quarter. NBT Bank N A NY’s holdings in General Dynamics were worth $5,292,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Inlight Wealth Management LLC bought a new stake in General Dynamics in the 1st quarter worth about $26,000. Smallwood Wealth Investment Management LLC bought a new stake in General Dynamics in the 1st quarter worth about $27,000. Quarry LP grew its stake in shares of General Dynamics by 783.3% during the 1st quarter. Quarry LP now owns 106 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 94 shares during the period. Abound Financial LLC bought a new stake in shares of General Dynamics during the 1st quarter valued at about $32,000. Finally, Nova Wealth Management Inc. bought a new stake in shares of General Dynamics during the 1st quarter valued at about $33,000. 86.14% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Phebe N. Novakovic sold 129,090 shares of General Dynamics stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the transaction, the chief executive officer owned 769,607 shares in the company, valued at approximately $241,325,666.99. This trade represents a 14.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Christopher J. Brady sold 8,150 shares of General Dynamics stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $321.18, for a total value of $2,617,617.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 275,020 shares of company stock valued at $86,414,503 in the last 90 days. 1.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have 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 research report on Thursday, July 24th. Jefferies Financial Group set a $325.00 price objective on General Dynamics and gave the stock a “hold” rating in a research note on Wednesday, July 9th. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a research note on Saturday, September 27th. Seaport Res Ptn upgraded General Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Finally, Cowen restated a “buy” rating on shares of General Dynamics in a research note on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $315.78.

General Dynamics Stock Performance

Shares of NYSE:GD opened at $343.47 on Wednesday. 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 moving average price is $323.16 and its 200-day moving average price is $295.42. The firm has a market capitalization of $92.39 billion, a PE ratio of 23.05, a P/E/G ratio of 2.12 and a beta of 0.47. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $347.37.

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. The firm had revenue of $13.04 billion for the quarter, compared to analyst estimates of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The business’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, equities research analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. General Dynamics’s payout ratio is currently 40.27%.

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.