Strs Ohio Increases Stake in General Dynamics Corporation $GD

Strs Ohio boosted its stake in General Dynamics Corporation (NYSE:GD) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,667 shares of the aerospace company’s stock after purchasing an additional 582 shares during the period. Strs Ohio’s holdings in General Dynamics were worth $17,986,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of GD. Quarry LP increased its stake in shares of General Dynamics by 783.3% during the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock valued at $29,000 after buying an additional 94 shares during the period. Abound Financial LLC purchased a new position in shares of General Dynamics during the first quarter valued at approximately $32,000. Nova Wealth Management Inc. purchased a new position in shares of General Dynamics during the first quarter valued at approximately $33,000. Harbor Asset Planning Inc. purchased a new position in shares of General Dynamics during the second quarter valued at approximately $35,000. Finally, Salomon & Ludwin LLC increased its stake in shares of General Dynamics by 70.4% during the second quarter. Salomon & Ludwin LLC now owns 121 shares of the aerospace company’s stock valued at $36,000 after buying an additional 50 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other General Dynamics news, CEO Phebe N. Novakovic sold 129,090 shares of the business’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 sale, the chief executive officer directly owned 769,607 shares of the company’s stock, valued at approximately $241,325,666.99. The trade was a 14.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Christopher J. Brady sold 8,150 shares of the business’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 completion of the sale, the vice president directly owned 22,818 shares in the company, valued at $7,328,685.24. This trade represents a 26.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 193,110 shares of company stock valued at $60,778,364. Company insiders own 1.50% of the company’s stock.

General Dynamics Trading Up 0.0%

NYSE GD opened at $344.81 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $360.50. The firm has a market capitalization of $93.14 billion, a PE ratio of 22.35, a P/E/G ratio of 2.05 and a beta of 0.47. The stock’s 50 day moving average is $332.50 and its 200 day moving average is $304.56.

General Dynamics (NYSE:GD) last released its earnings results on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, topping the consensus estimate of $3.69 by $0.19. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The business had revenue of $12.91 billion for the quarter, compared to the consensus estimate of $12.49 billion. During the same period in the previous year, the company posted $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. Research analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s payout ratio is 38.89%.

Analysts Set New Price Targets

Several research firms have recently issued reports on GD. Barclays boosted their target price on General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Bank of America boosted their target price on General Dynamics from $370.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their target price on General Dynamics from $345.00 to $380.00 and gave the company an “overweight” rating in a research note on Tuesday. Seaport Res Ptn upgraded General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Finally, Melius Research upgraded General Dynamics to a “strong-buy” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $350.89.

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.