Meeder Asset Management Inc. Invests $2.49 Million in General Dynamics Corporation $GD

Meeder Asset Management Inc. purchased a new stake in General Dynamics Corporation (NYSE:GD) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,030 shares of the aerospace company’s stock, valued at approximately $2,490,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in General Dynamics by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 24,767,330 shares of the aerospace company’s stock valued at $8,338,169,000 after purchasing an additional 528,769 shares during the period. M&T Bank Corp increased its stake in General Dynamics by 155.6% in the 4th quarter. M&T Bank Corp now owns 104,773 shares of the aerospace company’s stock worth $35,273,000 after acquiring an additional 63,781 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of General Dynamics in the 4th quarter valued at about $7,914,000. Deutsche Bank AG increased its position in shares of General Dynamics by 12.2% in the fourth quarter. Deutsche Bank AG now owns 939,264 shares of the aerospace company’s stock worth $316,213,000 after purchasing an additional 102,208 shares during the last quarter. Finally, Rayburn West Financial Services LLC purchased a new stake in General Dynamics in the fourth quarter valued at approximately $2,387,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Up 0.7%

NYSE:GD opened at $393.77 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 1.44. The firm has a market cap of $106.54 billion, a P/E ratio of 24.02, a P/E/G ratio of 2.29 and a beta of 0.32. General Dynamics Corporation has a fifty-two week low of $306.77 and a fifty-two week high of $400.00. The firm has a 50-day simple moving average of $372.12 and a two-hundred day simple moving average of $355.08.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, beating the consensus estimate of $3.96 by $0.28. The company had revenue of $14.09 billion for the quarter, compared to analysts’ expectations of $13.52 billion. General Dynamics had a return on equity of 17.43% and a net margin of 8.18%.General Dynamics’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the firm posted $3.74 earnings per share. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Analysts predict that General Dynamics Corporation will post 16.97 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 9th will be issued a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s dividend payout ratio (DPR) is currently 38.80%.

Insider Buying and Selling

In other General Dynamics news, CEO Phebe N. Novakovic sold 51,568 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $382.58, for a total transaction of $19,728,885.44. Following the completion of the sale, the chief executive officer owned 766,457 shares of the company’s stock, valued at approximately $293,231,119.06. The trade was a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark Malcolm sold 5,480 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total value of $2,000,200.00. Following the completion of the transaction, the director directly owned 10,643 shares in the company, valued at $3,884,695. This trade represents a 33.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 100,228 shares of company stock valued at $38,052,853. 1.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GD. Wells Fargo & Company lifted their price objective on shares of General Dynamics from $400.00 to $440.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Morgan Stanley upped their price objective on General Dynamics from $435.00 to $465.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Jefferies Financial Group increased their price objective on General Dynamics from $400.00 to $440.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Wall Street Zen downgraded General Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, TD Cowen increased their price target on shares of General Dynamics from $390.00 to $420.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $410.89.

About General Dynamics

General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.

Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.