Brighton Jones LLC Increases Stock Position in General Dynamics Corporation $GD

Brighton Jones LLC lifted its stake in General Dynamics Corporation (NYSE:GD) by 70.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,967 shares of the aerospace company’s stock after purchasing an additional 2,059 shares during the quarter. Brighton Jones LLC’s holdings in General Dynamics were worth $1,449,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in GD. GAMMA Investing LLC boosted its position 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 worth $1,245,000 after purchasing an additional 977 shares in the last quarter. Golden State Wealth Management LLC boosted its position 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 worth $134,000 after purchasing an additional 262 shares in the last quarter. Diversified Trust Co boosted its position in shares of General Dynamics by 94.6% in the 1st quarter. Diversified Trust Co now owns 4,322 shares of the aerospace company’s stock worth $1,178,000 after purchasing an additional 2,101 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of General Dynamics by 8.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,434 shares of the aerospace company’s stock worth $10,073,000 after purchasing an additional 2,786 shares in the last quarter. Finally, 3Chopt Investment Partners LLC bought a new stake in shares of General Dynamics in the 1st quarter worth approximately $251,000. 86.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Christopher J. Brady sold 8,150 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $321.18, for a total value 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. This trade represents a 26.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Phebe N. Novakovic sold 129,090 shares of the firm’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 in the company, valued at approximately $241,325,666.99. This represents a 14.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 193,110 shares of company stock worth $60,778,364 in the last quarter. Company insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

GD has been the topic of a number of analyst reports. Citigroup boosted their price target on General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Seaport Res Ptn raised General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $400.00 price objective on shares of General Dynamics in a research report on Wednesday, October 8th. Robert W. Baird upped their price objective on General Dynamics from $283.00 to $350.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a research report on Saturday. 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $327.44.

General Dynamics Price Performance

Shares of GD opened at $350.22 on Monday. The firm has a market cap of $94.20 billion, a PE ratio of 22.70, a P/E/G ratio of 2.15 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. The firm has a fifty day simple moving average of $329.49 and a two-hundred day simple moving average of $302.27. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $360.50.

General Dynamics (NYSE:GD) last announced its earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, beating analysts’ consensus estimates of $3.69 by $0.19. The business had revenue of $12.91 billion during the quarter, compared to analyst estimates of $12.49 billion. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.35 EPS. 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 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 $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s dividend payout ratio (DPR) is currently 40.27%.

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.