Ranch Capital Advisors Inc. Acquires 391 Shares of General Dynamics Corporation $GD

Ranch Capital Advisors Inc. boosted its position in shares of General Dynamics Corporation (NYSE:GD) by 7.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,674 shares of the aerospace company’s stock after acquiring an additional 391 shares during the period. Ranch Capital Advisors Inc.’s holdings in General Dynamics were worth $1,655,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of GD. Nuveen LLC purchased a new position in shares of General Dynamics in the first quarter valued at $272,464,000. Ameriprise Financial Inc. boosted its stake 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 period. Deutsche Bank AG boosted its stake in General Dynamics by 120.9% during the first quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company’s stock worth $343,866,000 after buying an additional 690,349 shares during the period. JPMorgan Chase & Co. boosted its stake 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 period. Finally, Vident Advisory LLC boosted its stake in General Dynamics by 183.1% during the first quarter. Vident Advisory LLC now owns 261,484 shares of the aerospace company’s stock worth $71,276,000 after buying an additional 169,120 shares during the period. Institutional investors own 86.14% of the company’s stock.

Insiders Place Their Bets

In other General Dynamics news, VP Christopher J. Brady sold 8,150 shares of the company’s 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 sale, the vice president owned 22,818 shares in the company, valued at approximately $7,328,685.24. This represents a 26.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $315.20, for a total value of $10,634,848.00. Following the transaction, the executive vice president directly owned 45,192 shares of the company’s stock, 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. In the last quarter, insiders have sold 242,460 shares of company stock worth $76,192,291. Corporate insiders own 1.50% of the company’s stock.

General Dynamics Price Performance

Shares of GD stock opened at $350.22 on Friday. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $360.50. The firm has a market capitalization of $94.20 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 2.10 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 $329.49 and its 200-day simple moving average is $301.72.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, topping analysts’ consensus estimates of $3.69 by $0.19. The business had revenue of $12.91 billion for the quarter, compared to analyst estimates of $12.49 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, equities analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently disclosed 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 1.7%. The ex-dividend date is Friday, October 10th. General Dynamics’s dividend payout ratio is currently 40.27%.

Wall Street Analysts Forecast Growth

Several research firms have commented on GD. Citigroup lifted their price objective on shares of General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Susquehanna boosted their target price on shares of General Dynamics from $315.00 to $365.00 and gave the company a “positive” rating in a research note on Thursday, July 24th. UBS Group boosted their target price on shares of General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. The Goldman Sachs Group boosted their target price on shares of General Dynamics from $280.00 to $293.00 and gave the company a “sell” rating in a research note on Friday, October 10th. Finally, Morgan Stanley boosted their target price on shares of General Dynamics from $328.00 to $360.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 15th. 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 given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.