Creekmur Asset Management LLC Increases Stock Holdings in General Dynamics Corporation $GD

Creekmur Asset Management LLC lifted its stake in General Dynamics Corporation (NYSE:GD) by 37.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,881 shares of the aerospace company’s stock after purchasing an additional 781 shares during the quarter. Creekmur Asset Management LLC’s holdings in General Dynamics were worth $840,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of GD. Nuveen LLC purchased a new position in General Dynamics during the 1st quarter valued at $272,464,000. Ameriprise Financial Inc. boosted 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 valued at $749,252,000 after acquiring an additional 709,782 shares during the period. Deutsche Bank AG boosted 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 valued at $343,866,000 after acquiring an additional 690,349 shares during the period. JPMorgan Chase & Co. boosted 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 valued at $1,499,819,000 after acquiring an additional 256,687 shares during the period. Finally, Vident Advisory LLC boosted its holdings in General Dynamics by 183.1% during the 1st quarter. Vident Advisory LLC now owns 261,484 shares of the aerospace company’s stock valued at $71,276,000 after acquiring an additional 169,120 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In other news, EVP Marguerite Amy Gilliland sold 33,740 shares of the business’s 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 completion of the transaction, the executive vice president directly owned 45,192 shares of the company’s stock, valued at approximately $14,244,518.40. The trade was a 42.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Phebe N. Novakovic sold 129,090 shares of the business’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $313.57, for a total value of $40,478,751.30. Following the completion of the transaction, the chief executive officer directly owned 769,607 shares of the company’s stock, valued at approximately $241,325,666.99. The trade was a 14.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 193,110 shares of company stock worth $60,778,364. Company insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GD. UBS Group boosted their price objective on General Dynamics from $369.00 to $381.00 and gave the company a “neutral” rating in a report on Monday. Susquehanna lifted their target price on General Dynamics from $365.00 to $406.00 and gave the company a “positive” rating in a research report on Monday. Morgan Stanley set a $385.00 target price on General Dynamics in a report on Monday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $400.00 target price on shares of General Dynamics in a report on Wednesday, October 8th. Finally, Seaport Res Ptn upgraded General Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, General Dynamics currently has an average rating of “Moderate Buy” and an average price target of $350.89.

General Dynamics Trading Up 0.3%

GD opened at $344.68 on Friday. The firm has a market cap of $93.10 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 2.05 and a beta of 0.47. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $360.50. The stock has a fifty day moving average price of $331.99 and a 200-day moving average price of $304.11.

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

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s payout ratio is presently 38.89%.

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.