Prepared Retirement Institute LLC Has $251,000 Holdings in General Dynamics Corporation $GD

Prepared Retirement Institute LLC cut its holdings in General Dynamics Corporation (NYSE:GD) by 12.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 862 shares of the aerospace company’s stock after selling 122 shares during the quarter. Prepared Retirement Institute LLC’s holdings in General Dynamics were worth $251,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Nuveen LLC acquired a new position in shares of General Dynamics during the first quarter worth approximately $272,464,000. Ameriprise Financial Inc. raised its position in shares of General Dynamics by 34.8% during the first quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock worth $749,252,000 after purchasing an additional 709,782 shares during the period. Deutsche Bank AG raised its position in shares of General Dynamics by 120.9% during the first quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company’s stock worth $343,866,000 after purchasing an additional 690,349 shares during the period. JPMorgan Chase & Co. raised its position in shares of General Dynamics by 4.9% during the first quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock worth $1,499,819,000 after purchasing an additional 256,687 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of General Dynamics by 1,488.8% during the first quarter. SG Americas Securities LLC now owns 221,484 shares of the aerospace company’s stock worth $60,372,000 after purchasing an additional 207,544 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Trading Up 1.9%

NYSE GD opened at $330.54 on Monday. The firm has a market capitalization of $88.91 billion, a P/E ratio of 22.18, a PEG ratio of 2.03 and a beta of 0.50. The business has a fifty day simple moving average of $318.73 and a 200 day simple moving average of $291.92. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $330.63. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $0.27. The firm had revenue of $13.04 billion during the quarter, compared to the consensus estimate of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, analysts predict that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently disclosed 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. 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 is 40.27%.

Wall Street Analysts Forecast Growth

GD has been the topic of a number of research reports. Wall Street Zen lowered General Dynamics from a “buy” rating to a “hold” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft raised General Dynamics from a “hold” rating to a “buy” rating and upped their target price for the stock from $298.00 to $342.00 in a research report on Tuesday, July 8th. TD Cowen upped 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. Cowen reaffirmed a “buy” rating on shares of General Dynamics in a research report on Wednesday, June 25th. Finally, Sanford C. Bernstein set a $314.00 price target on General Dynamics and gave the company a “market perform” rating in a research report on Monday, July 14th. Nine research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, General Dynamics currently has an average rating of “Hold” and a consensus target price of $315.78.

Insider Transactions at General Dynamics

In other General Dynamics news, EVP Mark Lagrand Burns sold 43,860 shares of the company’s stock in a transaction on Monday, July 28th. The stock was 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 owned 39,875 shares in the company, valued at $12,452,165. This represents a 52.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $321.18, for a total value of $2,617,617.00. Following the completion of the transaction, the vice president owned 22,818 shares of the company’s stock, valued at $7,328,685.24. This trade represents a 26.32% 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 worth $86,414,503. Company insiders own 1.50% of the company’s stock.

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.