Columbus Macro LLC Grows Stake in General Dynamics Corporation $GD

Columbus Macro LLC boosted its position in General Dynamics Corporation (NYSE:GD) by 22.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 8,611 shares of the aerospace company’s stock after buying an additional 1,569 shares during the period. Columbus Macro LLC’s holdings in General Dynamics were worth $2,512,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Inlight Wealth Management LLC acquired a new stake in General Dynamics during the 1st quarter valued at $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in General Dynamics during the 1st quarter valued at $27,000. Quarry LP grew its holdings in 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 buying an additional 94 shares during the last quarter. Abound Financial LLC acquired a new stake in General Dynamics during the 1st quarter valued at $32,000. Finally, Nova Wealth Management Inc. acquired a new stake in General Dynamics during the 1st quarter valued at $33,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Buying and Selling

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 33,740 shares of the firm’s stock in a transaction dated 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 $14,244,518.40. This trade represents a 42.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark Lagrand Burns sold 43,860 shares of the firm’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $312.28, for a total value of $13,696,600.80. Following the completion of the transaction, the executive vice president directly owned 39,875 shares in the company, valued at $12,452,165. This trade represents a 52.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 275,020 shares of company stock valued at $86,414,503 over the last ninety days. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

GD has been the topic of a number of analyst reports. Robert W. Baird increased their target price on General Dynamics from $283.00 to $350.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. raised their price objective on General Dynamics from $284.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Wall Street Zen upgraded General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $400.00 price objective on shares of General Dynamics in a report on Wednesday. Finally, TD Cowen raised their price objective on General Dynamics from $290.00 to $300.00 and gave the stock a “buy” rating in a report 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 issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $319.00.

General Dynamics Price Performance

Shares of General Dynamics stock opened at $346.45 on Thursday. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $347.37. The stock has a market capitalization of $93.19 billion, a P/E ratio of 23.25, a PEG ratio of 2.10 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. The business’s fifty day moving average price is $323.85 and its 200 day moving average price is $295.77.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.27. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The firm had revenue of $13.04 billion for the quarter, compared to analysts’ expectations of $12.13 billion. During the same quarter last year, the firm earned $3.26 earnings per share. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, research analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current 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. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 annualized dividend and a yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is 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.