Atria Investments Inc Grows Holdings in General Dynamics Corporation $GD

Atria Investments Inc grew its stake in General Dynamics Corporation (NYSE:GD) by 17.6% during the second quarter, Holdings Channel.com reports. The fund owned 38,005 shares of the aerospace company’s stock after acquiring an additional 5,701 shares during the period. Atria Investments Inc’s holdings in General Dynamics were worth $11,085,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Quarry LP increased its stake in 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 buying an additional 94 shares during the period. Abound Financial LLC purchased a new stake in General Dynamics during the 1st quarter worth approximately $32,000. Nova Wealth Management Inc. purchased a new stake in General Dynamics during the 1st quarter worth approximately $33,000. Harbor Asset Planning Inc. purchased a new stake in General Dynamics during the 2nd quarter worth approximately $35,000. Finally, Salomon & Ludwin LLC increased its stake in General Dynamics by 70.4% during the 2nd quarter. Salomon & Ludwin LLC now owns 121 shares of the aerospace company’s stock worth $36,000 after buying an additional 50 shares during the period. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on GD. Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a research note on Wednesday, October 8th. Wolfe Research upped their target price on shares of General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. JPMorgan Chase & Co. upped their target price on shares of General Dynamics from $345.00 to $380.00 and gave the stock an “overweight” rating in a research note on Tuesday. Barclays upped their target price on shares of General Dynamics from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Finally, Jefferies Financial Group set a $325.00 price objective on shares of General Dynamics and gave the company a “hold” rating in a research report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, General Dynamics presently has a consensus rating of “Moderate Buy” and a consensus target price of $350.89.

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $344.68 on Friday. The firm has a market capitalization of $93.10 billion, a P/E ratio of 22.34, a P/E/G ratio of 2.05 and a beta of 0.47. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $360.50. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29. The firm’s 50 day moving average is $331.99 and its two-hundred day moving average is $304.11.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, beating the consensus estimate of $3.69 by $0.19. The company had revenue of $12.91 billion for the quarter, compared to analyst estimates of $12.49 billion. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Research analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given a $1.50 dividend. 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 (DPR) is 38.89%.

Insider Transactions at General Dynamics

In related news, VP Christopher J. Brady sold 8,150 shares of the 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 transaction, the vice president directly 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the completion of the transaction, the executive vice president directly owned 45,192 shares in the company, valued at $14,244,518.40. This trade represents a 42.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 193,110 shares of company stock worth $60,778,364. Insiders own 1.50% of the company’s stock.

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.