General Dynamics Corporation $GD Shares Acquired by Columbus Macro LLC

Columbus Macro LLC raised its holdings in shares of General Dynamics Corporation (NYSE:GD) by 22.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,611 shares of the aerospace company’s stock after acquiring an additional 1,569 shares during the quarter. Columbus Macro LLC’s holdings in General Dynamics were worth $2,512,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in GD. Brighton Jones LLC boosted its position in shares of General Dynamics by 16.9% during the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after acquiring an additional 417 shares in the last quarter. Miracle Mile Advisors LLC boosted its position in shares of General Dynamics by 3.7% during the 1st quarter. Miracle Mile Advisors LLC now owns 2,605 shares of the aerospace company’s stock worth $710,000 after acquiring an additional 92 shares in the last quarter. First Citizens Bank & Trust Co. acquired a new stake in shares of General Dynamics in the 1st quarter valued at about $216,000. Pallas Capital Advisors LLC acquired a new stake in shares of General Dynamics in the 1st quarter valued at about $267,000. Finally, Wealthcare Advisory Partners LLC boosted its position in shares of General Dynamics by 5.6% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,523 shares of the aerospace company’s stock valued at $688,000 after purchasing an additional 133 shares during the period. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at General Dynamics

In other news, VP William A. Moss sold 17,700 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the completion of the transaction, the vice president directly owned 16,627 shares of the company’s stock, valued at approximately $5,260,782.80. This represents a 51.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 45,192 shares of the company’s stock, valued at $14,244,518.40. The trade was a 42.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 275,020 shares of company stock worth $86,414,503. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on GD. Citigroup upped their target price on General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research report on Wednesday. Jefferies Financial Group set a $325.00 target price on General Dynamics and gave the company a “hold” rating in a research report on Wednesday, July 9th. Sanford C. Bernstein set a $314.00 target price on General Dynamics and gave the company a “market perform” rating in a research report on Monday, July 14th. Finally, UBS Group upped their target price on General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, General Dynamics presently has an average rating of “Hold” and an average target price of $319.00.

General Dynamics Stock Up 0.9%

General Dynamics stock opened at $346.45 on Thursday. The stock has a market capitalization of $93.19 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 2.10 and a beta of 0.47. The stock has a 50 day moving average of $323.85 and a two-hundred day moving average of $295.77. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $347.37. 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 issued its 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 business 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 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 business posted $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, research analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

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

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.