General Dynamics Corporation $GD Shares Bought by Leavell Investment Management Inc.

Leavell Investment Management Inc. lifted its stake in shares of General Dynamics Corporation (NYSE:GD) by 0.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,239 shares of the aerospace company’s stock after purchasing an additional 34 shares during the quarter. Leavell Investment Management Inc.’s holdings in General Dynamics were worth $2,403,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Smallwood Wealth Investment Management LLC purchased a new position in General Dynamics in the first quarter valued at about $27,000. Quarry LP grew its holdings in shares of General Dynamics by 783.3% in the 1st quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 94 shares during the period. Abound Financial LLC acquired a new position in General Dynamics during the first quarter worth $32,000. Nova Wealth Management Inc. purchased a new stake in General Dynamics during the first quarter worth $33,000. Finally, Harbor Asset Planning Inc. acquired a new stake in General Dynamics in the second quarter valued at $35,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on GD shares. Wall Street Zen upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Citigroup upped their price target on shares of General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Morgan Stanley raised their price objective on shares of General Dynamics from $328.00 to $360.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $400.00 target price on shares of General Dynamics in a research note on Wednesday, October 8th. Finally, UBS Group raised their price target on General Dynamics from $309.00 to $333.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $327.44.

General Dynamics Trading Up 2.6%

Shares of GD opened at $350.22 on Friday. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $360.50. The stock has a fifty day moving average of $329.49 and a two-hundred day moving average of $302.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36. The company has a market capitalization of $94.20 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 2.16 and a beta of 0.47.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, beating analysts’ consensus estimates of $3.69 by $0.19. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The business had revenue of $12.91 billion during the quarter, compared to the consensus estimate of $12.49 billion. During the same quarter in the previous year, the business earned $3.35 earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, analysts forecast 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 given a $1.50 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is currently 40.27%.

Insider Transactions at General Dynamics

In other news, CEO Phebe N. Novakovic sold 129,090 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the completion of the sale, the chief executive officer directly owned 769,607 shares in the company, valued at $241,325,666.99. This represents a 14.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Mark Malcolm sold 3,220 shares of General Dynamics stock in a transaction on Friday, September 12th. The shares were sold at an average price of $329.45, for a total value of $1,060,829.00. Following the completion of the transaction, the director owned 10,186 shares in the company, valued at $3,355,777.70. The trade was a 24.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 242,460 shares of company stock valued at $76,192,291 in the last quarter. Insiders own 1.50% of the company’s stock.

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.