Harel Insurance Investments & Financial Services Ltd. Has $10.16 Million Stake in General Dynamics Corporation $GD

Harel Insurance Investments & Financial Services Ltd. boosted its holdings in General Dynamics Corporation (NYSE:GD) by 23.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 34,820 shares of the aerospace company’s stock after acquiring an additional 6,717 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in General Dynamics were worth $10,156,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of GD. Marks Group Wealth Management Inc boosted its stake in General Dynamics by 18.1% during the 1st quarter. Marks Group Wealth Management Inc now owns 31,620 shares of the aerospace company’s stock valued at $8,619,000 after purchasing an additional 4,836 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its stake in shares of General Dynamics by 31.3% in the first quarter. Mesirow Financial Investment Management Inc. now owns 5,598 shares of the aerospace company’s stock worth $1,526,000 after purchasing an additional 1,333 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of General Dynamics by 10.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 463,917 shares of the aerospace company’s stock valued at $126,454,000 after purchasing an additional 43,885 shares in the last quarter. Seamount Financial Group Inc. purchased a new position in shares of General Dynamics during the first quarter valued at approximately $230,000. Finally, Natixis Advisors LLC grew its holdings in General Dynamics by 8.2% during the first quarter. Natixis Advisors LLC now owns 269,515 shares of the aerospace company’s stock worth $73,464,000 after buying an additional 20,491 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Activity

In other General Dynamics news, Director Mark Malcolm sold 3,220 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the sale, the director directly owned 10,186 shares of the company’s stock, valued at $3,355,777.70. This represents a 24.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Phebe N. Novakovic sold 129,090 shares of the stock in a transaction dated 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 of the company’s stock, valued at $241,325,666.99. This represents a 14.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 193,110 shares of company stock worth $60,778,364. 1.50% of the stock is owned by company insiders.

General Dynamics Stock Up 0.0%

GD opened at $344.81 on Friday. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $360.50. The company’s 50-day moving average price is $332.50 and its two-hundred day moving average price is $304.76. The stock has a market cap of $93.14 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 2.05 and a beta of 0.47. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.69 by $0.19. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The company had revenue of $12.91 billion for the quarter, compared to analysts’ expectations of $12.49 billion. During the same quarter in the previous year, the firm posted $3.35 EPS. General Dynamics’s revenue was up 10.6% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, equities analysts expect that General Dynamics Corporation will post 14.83 earnings per share 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 paid a $1.50 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. General Dynamics’s payout ratio is presently 38.89%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wall Street Zen upgraded General Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. UBS Group raised their price target on shares of General Dynamics from $369.00 to $381.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. Seaport Res Ptn raised shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $400.00 target price on shares of General Dynamics in a research report on Wednesday, October 8th. Finally, Robert W. Baird set a $390.00 target price on General Dynamics in a report on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, General Dynamics has a consensus rating of “Moderate Buy” and a consensus price target of $350.89.

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.