General Dynamics Corporation $GD Shares Purchased by Perfromance Wealth Partners LLC

Perfromance Wealth Partners LLC raised its holdings in General Dynamics Corporation (NYSE:GD) by 45.1% during the second quarter, HoldingsChannel.com reports. The firm owned 2,264 shares of the aerospace company’s stock after buying an additional 704 shares during the period. Perfromance Wealth Partners LLC’s holdings in General Dynamics were worth $660,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GD. JPMorgan Chase & Co. boosted its stake in General Dynamics by 4.9% during the 1st 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 last quarter. Ameriprise Financial Inc. increased 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 worth $749,252,000 after purchasing an additional 709,782 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake 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 in the last quarter. Boston Partners lifted its position in shares of 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 purchasing an additional 94,537 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in General Dynamics by 120.9% in the first quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company’s stock worth $343,866,000 after purchasing an additional 690,349 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 129,090 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were 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 of the company’s stock, valued at approximately $241,325,666.99. This trade represents a 14.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark Malcolm sold 3,220 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the completion of the sale, the director directly owned 10,186 shares of the company’s stock, valued at approximately $3,355,777.70. This represents a 24.02% 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 valued at $86,414,503. 1.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. TD Cowen increased their target price on General Dynamics from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, June 25th. Citigroup boosted their price target on General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Jefferies Financial Group set a $325.00 target price on shares of General Dynamics and gave the company a “hold” rating in a research note on Wednesday, July 9th. Robert W. Baird raised their price target on shares of General Dynamics from $283.00 to $350.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Finally, Sanford C. Bernstein set a $314.00 price objective on shares of General Dynamics and gave the company a “market perform” rating in a research report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $324.11.

General Dynamics Price Performance

NYSE GD opened at $334.64 on Tuesday. The company has a 50-day moving average price of $325.37 and a two-hundred day moving average price of $297.59. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $347.37. The stock has a market cap of $90.01 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 2.05 and a beta of 0.47. 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 (NYSE:GD) last issued its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $12.13 billion. During the same period in the previous year, the firm posted $3.26 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s dividend payout ratio (DPR) is 40.27%.

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.