General Dynamics Corporation $GD Shares Bought by Perfromance Wealth Partners LLC

Perfromance Wealth Partners LLC lifted its stake in shares of General Dynamics Corporation (NYSE:GD) by 45.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,264 shares of the aerospace company’s stock after acquiring an additional 704 shares during the period. Perfromance Wealth Partners LLC’s holdings in General Dynamics were worth $660,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in shares of General Dynamics in the first quarter valued at approximately $272,464,000. Ameriprise Financial Inc. grew its stake in General Dynamics by 34.8% in the 1st quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock worth $749,252,000 after acquiring an additional 709,782 shares during the period. Deutsche Bank AG raised its holdings in General Dynamics by 120.9% in 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 last quarter. JPMorgan Chase & Co. lifted its stake in shares of 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 period. Finally, Aurora Private Wealth Inc. boosted its holdings in shares of General Dynamics by 25,390.6% during the first quarter. Aurora Private Wealth Inc. now owns 203,670 shares of the aerospace company’s stock worth $55,516,000 after purchasing an additional 202,871 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Price Performance

General Dynamics stock opened at $334.64 on Tuesday. 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 has a market capitalization of $90.01 billion, a P/E ratio of 22.46, a PEG ratio of 2.05 and a beta of 0.47. The firm has a fifty day moving average of $325.37 and a 200-day moving average of $297.59. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $347.37.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates of $3.47 by $0.27. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The firm had revenue of $13.04 billion during the quarter, compared to analysts’ expectations of $12.13 billion. During the same period in the prior year, the company earned $3.26 EPS. The firm’s revenue was up 8.9% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, analysts predict that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

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 issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, October 10th. General Dynamics’s dividend payout ratio (DPR) is presently 40.27%.

Wall Street Analysts Forecast Growth

GD has been the topic of several recent analyst reports. Sanford C. Bernstein set a $314.00 target price on General Dynamics and gave the stock a “market perform” rating in a research report on Monday, July 14th. Wall Street Zen upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. TD Cowen boosted their target price on shares of General Dynamics from $290.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, June 25th. Susquehanna increased their price target on shares of General Dynamics from $315.00 to $365.00 and gave the stock a “positive” rating in a research note on Thursday, July 24th. Finally, Cowen reiterated a “buy” rating on shares of General Dynamics in a report on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, General Dynamics presently has a consensus rating of “Hold” and a consensus target price of $324.11.

Insider Activity

In other 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 transaction, the vice president directly owned 22,818 shares of the company’s stock, valued at approximately $7,328,685.24. The trade was a 26.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction of $10,634,848.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 275,020 shares of company stock worth $86,414,503 in the last ninety days. 1.50% of the stock is currently owned by company insiders.

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.