Interchange Capital Partners LLC Makes New Investment in General Dynamics Corporation $GD

Interchange Capital Partners LLC acquired a new position in General Dynamics Corporation (NYSE:GD) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 147 shares of the aerospace company’s stock, valued at approximately $43,000.

Other institutional investors have also added to or reduced their stakes in the company. Inlight Wealth Management LLC bought a new position in General Dynamics in the first quarter worth $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of General Dynamics in the first quarter worth $27,000. Quarry LP grew its stake in shares of General Dynamics by 783.3% in the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 94 shares during the last quarter. Abound Financial LLC purchased a new stake in shares of General Dynamics in the first quarter worth $32,000. Finally, Nova Wealth Management Inc. purchased a new stake in shares of General Dynamics in the first quarter worth $33,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Down 1.0%

Shares of NYSE:GD opened at $332.21 on Thursday. The stock has a market capitalization of $89.36 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 2.06 and a beta of 0.47. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36. The stock’s 50-day simple moving average is $326.15 and its two-hundred day simple moving average is $298.09. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $347.37.

General Dynamics (NYSE:GD) last announced its earnings results 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. The business had revenue of $13.04 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the firm posted $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Analysts expect that General Dynamics Corporation will post 14.83 EPS for the current 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 given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s dividend payout ratio (DPR) is presently 40.27%.

Insiders Place Their Bets

In other news, EVP Mark Lagrand Burns sold 43,860 shares of the firm’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $312.28, for a total value of $13,696,600.80. Following the transaction, the executive vice president owned 39,875 shares of the company’s stock, valued at $12,452,165. This trade represents a 52.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher J. Brady sold 8,150 shares of the firm’s stock in a transaction dated 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 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 275,020 shares of company stock valued at $86,414,503. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $400.00 target price on shares of General Dynamics in a research note on Wednesday, October 8th. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on General Dynamics from $284.00 to $345.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Wall Street Zen raised General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Finally, Robert W. Baird increased their price objective on General Dynamics from $283.00 to $350.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. One 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $327.44.

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.