General Dynamics Corporation $GD Shares Bought by Blue Trust Inc.

Blue Trust Inc. raised its position in 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. The fund owned 2,134 shares of the aerospace company’s stock after buying an additional 83 shares during the period. Blue Trust Inc.’s holdings in General Dynamics were worth $622,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Inlight Wealth Management LLC acquired a new stake in General Dynamics in the 1st quarter worth about $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in General Dynamics in the 1st quarter worth about $27,000. Quarry LP boosted its holdings in shares of General Dynamics by 783.3% during 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. Abound Financial LLC acquired a new position in shares of General Dynamics during the 1st quarter worth approximately $32,000. Finally, Nova Wealth Management Inc. acquired a new position in shares of General Dynamics during the 1st quarter worth approximately $33,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

General Dynamics Stock Down 2.8%

Shares of NYSE GD opened at $333.03 on Monday. The firm has a market cap of $89.58 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 2.05 and a beta of 0.47. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $347.37. The business’s 50 day moving average is $324.93 and its two-hundred day moving average is $297.14.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, topping the consensus estimate 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 net margin of 8.13% and a return on equity of 17.99%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous 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 EPS for the current year.

General Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be paid a dividend of $1.50 per share. The ex-dividend date is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. General Dynamics’s payout ratio is presently 40.27%.

Insider Activity

In related news, VP Christopher J. Brady sold 8,150 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the completion of the transaction, the vice president owned 22,818 shares in the company, valued at approximately $7,328,685.24. The trade was a 26.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mark Lagrand Burns sold 43,860 shares of the business’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $312.28, for a total transaction of $13,696,600.80. Following the transaction, the executive vice president owned 39,875 shares of the company’s stock, valued at approximately $12,452,165. The trade was a 52.38% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 275,020 shares of company stock valued at $86,414,503. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

GD has been the topic of several recent research reports. Barclays boosted their target price on General Dynamics from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. boosted their target price on General Dynamics from $284.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a report on Wednesday, October 8th. Wall Street Zen upgraded General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Finally, Sanford C. Bernstein set a $314.00 price target on shares of General Dynamics and gave the company a “market perform” rating in a research report on Monday, July 14th. 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 issued a Sell rating to the stock. Based on data from MarketBeat, General Dynamics has a consensus rating of “Hold” and an average price target of $324.11.

About General Dynamics

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.