General Dynamics Corporation $GD Shares Acquired by AlTi Global Inc.

AlTi Global Inc. lifted its position in General Dynamics Corporation (NYSE:GD) by 8.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,711 shares of the aerospace company’s stock after purchasing an additional 131 shares during the period. AlTi Global Inc.’s holdings in General Dynamics were worth $500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in GD. Brighton Jones LLC lifted its stake in shares of General Dynamics by 16.9% in the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after purchasing an additional 417 shares during the period. GAMMA Investing LLC lifted its stake in shares of General Dynamics by 27.2% in the 1st quarter. GAMMA Investing LLC now owns 4,566 shares of the aerospace company’s stock valued at $1,245,000 after purchasing an additional 977 shares during the period. Golden State Wealth Management LLC lifted its stake in shares of General Dynamics by 114.9% in the 1st quarter. Golden State Wealth Management LLC now owns 490 shares of the aerospace company’s stock valued at $134,000 after purchasing an additional 262 shares during the period. Perigon Wealth Management LLC lifted its stake in shares of General Dynamics by 3.6% in the 1st quarter. Perigon Wealth Management LLC now owns 6,716 shares of the aerospace company’s stock valued at $1,831,000 after purchasing an additional 233 shares during the period. Finally, Pure Financial Advisors LLC lifted its stake in shares of General Dynamics by 0.7% in the 1st quarter. Pure Financial Advisors LLC now owns 6,025 shares of the aerospace company’s stock valued at $1,642,000 after purchasing an additional 39 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Dynamics

In related news, VP Christopher J. Brady sold 8,150 shares of the company’s stock in a transaction dated 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 completion of the sale, the vice president owned 22,818 shares of the company’s stock, valued at approximately $7,328,685.24. This represents a 26.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mark Malcolm sold 3,220 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the completion of the sale, the director directly owned 10,186 shares of the company’s stock, valued at $3,355,777.70. This represents a 24.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 242,460 shares of company stock valued at $76,192,291 in the last three months. 1.50% of the stock is currently owned by corporate insiders.

General Dynamics Price Performance

General Dynamics stock opened at $350.22 on Friday. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $360.50. The firm has a market capitalization of $94.20 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 2.10 and a beta of 0.47. The company has a fifty day simple moving average of $329.49 and a 200-day simple moving average of $301.72. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD) last released its earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.69 by $0.19. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The business had revenue of $12.91 billion during the quarter, compared to analyst estimates of $12.49 billion. During the same quarter in the prior year, the firm earned $3.35 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, equities analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. General Dynamics’s dividend payout ratio is currently 40.27%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GD shares. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a research note on Wednesday, October 8th. Robert W. Baird upped their price objective on shares of General Dynamics from $283.00 to $350.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Jefferies Financial Group set a $325.00 price objective on shares of General Dynamics and gave the stock a “hold” rating in a research report on Wednesday, July 9th. Wall Street Zen upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Finally, Morgan Stanley upped 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 report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $327.44.

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.