Financiere des Professionnels Fonds d investissement inc. Buys 7,341 Shares of General Dynamics Corporation $GD

Financiere des Professionnels Fonds d investissement inc. increased its stake in shares of General Dynamics Corporation (NYSE:GD) by 69.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 17,939 shares of the aerospace company’s stock after acquiring an additional 7,341 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in General Dynamics were worth $5,232,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in shares of General Dynamics by 4.9% during the first quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock valued at $1,499,819,000 after purchasing an additional 256,687 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in General Dynamics by 34.8% in the first 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 last quarter. Charles Schwab Investment Management Inc. boosted its stake in General Dynamics by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,582,388 shares of the aerospace company’s stock valued at $431,327,000 after acquiring an additional 5,313 shares during the last quarter. Boston Partners boosted its stake in General Dynamics by 7.9% in the first quarter. Boston Partners now owns 1,296,497 shares of the aerospace company’s stock valued at $353,558,000 after acquiring an additional 94,537 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in General Dynamics by 120.9% in the first 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. 86.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on GD shares. JPMorgan Chase & Co. raised their price objective on shares of General Dynamics from $284.00 to $345.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Wolfe Research raised shares of General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 price objective on the stock in a research note on Thursday, July 24th. Deutsche Bank Aktiengesellschaft raised shares of General Dynamics from a “hold” rating to a “buy” rating and raised their price objective for the company from $298.00 to $342.00 in a research note on Tuesday, July 8th. Barclays increased their target price on shares of General Dynamics from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Finally, Citigroup increased their target price on shares of General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Nine research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, General Dynamics currently has an average rating of “Hold” and a consensus price target of $315.78.

General Dynamics Stock Down 0.1%

Shares of GD stock opened at $326.68 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $330.18. The firm’s fifty day moving average price is $314.99 and its two-hundred day moving average price is $288.24. The firm has a market capitalization of $87.87 billion, a P/E ratio of 21.92, a PEG ratio of 2.01 and a beta of 0.50.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $12.13 billion. During the same period in the previous year, the business earned $3.26 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, equities analysts predict that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders 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 annualized dividend and a dividend yield of 1.8%. General Dynamics’s payout ratio is currently 40.27%.

Insider Activity at General Dynamics

In other news, EVP Marguerite Amy Gilliland sold 33,740 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president directly owned 45,192 shares in the company, valued at $14,244,518.40. The trade was a 42.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher J. Brady sold 8,150 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the transaction, the vice president owned 22,818 shares in the company, valued at $7,328,685.24. This represents a 26.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 275,020 shares of company stock worth $86,414,503 over the last ninety days. Company 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.