NBT Bank N A NY Has $5.29 Million Stock Holdings in General Dynamics Corporation $GD

NBT Bank N A NY increased its holdings in shares of General Dynamics Corporation (NYSE:GD) by 4.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,146 shares of the aerospace company’s stock after buying an additional 703 shares during the period. NBT Bank N A NY’s holdings in General Dynamics were worth $5,292,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in General Dynamics by 4.9% during the 1st 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 last quarter. Ameriprise Financial Inc. raised its holdings in General Dynamics by 34.8% during the 1st 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 last quarter. Charles Schwab Investment Management Inc. raised its holdings in 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 worth $431,327,000 after purchasing an additional 5,313 shares during the last quarter. Boston Partners raised its holdings in General Dynamics by 7.9% during the 1st quarter. Boston Partners now owns 1,296,497 shares of the aerospace company’s stock worth $353,558,000 after purchasing an additional 94,537 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in General Dynamics by 120.9% during the 1st 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 last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other General Dynamics news, CEO Phebe N. Novakovic sold 129,090 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the completion of the transaction, the chief executive officer owned 769,607 shares of the company’s stock, valued at approximately $241,325,666.99. This trade represents a 14.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the firm’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $315.20, for a total value of $10,634,848.00. Following the transaction, 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. Insiders have sold a total of 275,020 shares of company stock valued at $86,414,503 over the last three months. Insiders own 1.50% of the company’s stock.

General Dynamics Price Performance

NYSE GD opened at $343.47 on Wednesday. The company has a market cap of $92.39 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 2.12 and a beta of 0.47. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $347.37. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. The firm’s 50-day simple moving average is $323.16 and its two-hundred day simple moving average is $295.42.

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, topping analysts’ consensus estimates of $3.47 by $0.27. The firm had revenue of $13.04 billion for the quarter, compared to the consensus estimate of $12.13 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Research analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is presently 40.27%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GD. Barclays lifted their price objective on shares of General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Sanford C. Bernstein set a $314.00 price objective on shares of General Dynamics and gave the company a “market perform” rating in a research note on Monday, July 14th. Wall Street Zen upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday. Cowen restated a “buy” rating on shares of General Dynamics in a research note on Wednesday, June 25th. Finally, UBS Group boosted their price target on shares of General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.