Mattern Capital Management LLC Has $10.38 Million Stock Position in General Dynamics Corporation $GD

Mattern Capital Management LLC increased its stake in shares of General Dynamics Corporation (NYSE:GD) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,597 shares of the aerospace company’s stock after acquiring an additional 190 shares during the quarter. General Dynamics comprises approximately 1.2% of Mattern Capital Management LLC’s holdings, making the stock its 20th largest holding. Mattern Capital Management LLC’s holdings in General Dynamics were worth $10,382,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of GD. Inlight Wealth Management LLC bought a new stake in General Dynamics in the 1st quarter valued at $26,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of General Dynamics in the 1st quarter worth about $27,000. Quarry LP grew its holdings in shares of General Dynamics by 783.3% in the 1st quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 94 shares during the last quarter. Perkins Coie Trust Co lifted its position in General Dynamics by 80.0% during the 1st quarter. Perkins Coie Trust Co now owns 117 shares of the aerospace company’s stock worth $32,000 after buying an additional 52 shares in the last quarter. Finally, Abound Financial LLC acquired a new position in General Dynamics during the 1st quarter worth about $32,000. Institutional investors own 86.14% of the company’s stock.

Insider Activity at General Dynamics

In other news, Director Mark Malcolm sold 3,220 shares of General Dynamics stock in a transaction on Friday, September 12th. The stock was sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the completion of the sale, the director owned 10,186 shares of the company’s stock, valued at approximately $3,355,777.70. This trade represents a 24.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of General Dynamics stock in a transaction on 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 sale, the executive vice president directly owned 45,192 shares of the company’s stock, valued at $14,244,518.40. This represents a 42.75% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 275,020 shares of company stock valued at $86,414,503. 1.50% of the stock is currently owned by insiders.

General Dynamics Trading Up 0.0%

Shares of General Dynamics stock opened at $340.91 on Friday. The business has a fifty day simple moving average of $321.31 and a two-hundred day simple moving average of $293.60. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $341.68. The company has a market capitalization of $91.70 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 2.09 and a beta of 0.47. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, beating 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 business had revenue of $13.04 billion during the quarter, compared to the consensus estimate of $12.13 billion. During the same quarter last year, the firm posted $3.26 EPS. The company’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. Research analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

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. 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%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of General Dynamics from $284.00 to $345.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. UBS Group upped 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 raised General Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday. Wolfe Research raised General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 target price for the company in a research note on Thursday, July 24th. Finally, TD Cowen raised their price target on shares of General Dynamics from $290.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $315.78.

General Dynamics 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.