General Dynamics Corporation $GD Shares Acquired by Griffin Asset Management Inc.

Griffin Asset Management Inc. lifted its position in shares of General Dynamics Corporation (NYSE:GD) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,846 shares of the aerospace company’s stock after acquiring an additional 96 shares during the period. Griffin Asset Management Inc.’s holdings in General Dynamics were worth $1,997,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of General Dynamics by 4.9% during the 1st quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock valued at $1,499,819,000 after acquiring an additional 256,687 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of General Dynamics by 34.8% during the 1st quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock valued at $749,252,000 after acquiring an additional 709,782 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of General Dynamics by 0.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,582,388 shares of the aerospace company’s stock valued at $431,327,000 after acquiring an additional 5,313 shares in the last quarter. Boston Partners raised its position in shares of General Dynamics by 7.9% during the 1st quarter. Boston Partners now owns 1,296,497 shares of the aerospace company’s stock valued at $353,558,000 after acquiring an additional 94,537 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of General Dynamics by 120.9% during the 1st quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company’s stock valued at $343,866,000 after acquiring an additional 690,349 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Trading Down 2.8%

NYSE:GD opened at $333.03 on Monday. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $347.37. The stock has a market cap of $89.58 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 2.05 and a beta of 0.47. The business has a fifty day moving average of $324.93 and a 200-day moving average of $297.14. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36.

General Dynamics (NYSE:GD) last released its quarterly 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. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The company had revenue of $13.04 billion during the quarter, compared to analysts’ expectations of $12.13 billion. During the same quarter in the prior year, the business posted $3.26 earnings per share. The company’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. Equities analysts predict 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. Investors of record on Friday, October 10th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 annualized dividend and a yield of 1.8%. General Dynamics’s dividend payout ratio (DPR) is currently 40.27%.

Insider Buying and Selling at General Dynamics

In related 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 transaction of $10,634,848.00. Following the completion of the transaction, the executive vice president 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Phebe N. Novakovic sold 129,090 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $313.57, for a total value of $40,478,751.30. Following the transaction, the chief executive officer directly 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 275,020 shares of company stock valued at $86,414,503. Corporate insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on GD shares. Susquehanna increased their target price on General Dynamics from $315.00 to $365.00 and gave the stock a “positive” rating in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $400.00 target price on shares of General Dynamics in a research report on Wednesday. The Goldman Sachs Group increased their target price on General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a research report on Friday. TD Cowen increased their target price on General Dynamics from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th. Finally, Citigroup increased their target price on General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, General Dynamics presently has a consensus rating of “Hold” and an average price target of $324.11.

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.