Croban Has $1.33 Million Stock Position in General Dynamics Corporation $GD

Croban reduced its position in shares of General Dynamics Corporation (NYSE:GD) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,550 shares of the aerospace company’s stock after selling 36 shares during the period. Croban’s holdings in General Dynamics were worth $1,327,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Inlight Wealth Management LLC acquired a new position in General Dynamics during the first quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC bought a new position in shares of General Dynamics in the 1st quarter valued at $27,000. Quarry LP lifted its stake in shares of General Dynamics by 783.3% in the 1st quarter. Quarry LP now owns 106 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 94 shares during the last quarter. Abound Financial LLC bought a new position in shares of General Dynamics in the 1st quarter valued at $32,000. Finally, Nova Wealth Management Inc. bought a new position in shares of General Dynamics in the 1st quarter valued at $33,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Stock Performance

NYSE GD opened at $333.03 on Friday. The company has a market capitalization of $89.58 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 2.10 and a beta of 0.47. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $347.37. The stock has a fifty day simple moving average of $324.93 and a 200 day simple moving average of $296.76. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD) last posted its quarterly earnings data 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 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 prior year, the business posted $3.26 earnings per share. General Dynamics’s quarterly 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. Sell-side analysts expect that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders 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 yield of 1.8%. The ex-dividend date is Friday, October 10th. General Dynamics’s dividend payout ratio (DPR) is presently 40.27%.

Insider Activity

In other General Dynamics news, VP Christopher J. Brady sold 8,150 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the completion of the sale, the vice president directly owned 22,818 shares in the company, valued at approximately $7,328,685.24. This trade represents a 26.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 value of $40,478,751.30. Following the sale, the chief executive officer owned 769,607 shares of the company’s stock, valued at approximately $241,325,666.99. The trade was a 14.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 275,020 shares of company stock worth $86,414,503. 1.50% of the stock is owned by insiders.

Analyst Ratings Changes

GD has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $400.00 price target on shares of General Dynamics in a research note on Wednesday. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a research note on Wednesday. UBS Group increased their price target on General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Seaport Res Ptn upgraded General Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Finally, JPMorgan Chase & Co. increased their price objective on General Dynamics from $284.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, General Dynamics currently has an average rating of “Hold” and a consensus price target of $319.00.

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.