Meiji Yasuda Asset Management Co Ltd. Grows Position in General Dynamics Corporation $GD

Meiji Yasuda Asset Management Co Ltd. grew its stake in General Dynamics Corporation (NYSE:GD) by 9.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,095 shares of the aerospace company’s stock after purchasing an additional 781 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in General Dynamics were worth $2,479,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of General Dynamics by 4.9% during the 1st quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock worth $1,499,819,000 after buying an additional 256,687 shares during the period. Royal Bank of Canada raised its stake in shares of General Dynamics by 5.2% during the 4th quarter. Royal Bank of Canada now owns 2,935,046 shares of the aerospace company’s stock worth $773,355,000 after buying an additional 145,978 shares during the period. Ameriprise Financial Inc. raised its stake in shares of General Dynamics by 34.8% during the 1st quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock worth $749,252,000 after buying an additional 709,782 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of General Dynamics by 0.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,582,388 shares of the aerospace company’s stock worth $431,327,000 after buying an additional 5,313 shares during the period. Finally, Boston Partners raised its stake in shares of General Dynamics by 7.9% during the 1st quarter. Boston Partners now owns 1,296,497 shares of the aerospace company’s stock worth $353,558,000 after buying an additional 94,537 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insiders Place Their Bets

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 33,740 shares of the firm’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $315.20, for a total value of $10,634,848.00. Following the completion of the sale, the executive vice president directly owned 45,192 shares of the company’s stock, valued at $14,244,518.40. This trade represents a 42.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the sale, the vice president directly owned 22,818 shares of the company’s stock, valued at $7,328,685.24. This trade represents a 26.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 458,260 shares of company stock worth $138,125,545. 1.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Citigroup upped their target price on General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Robert W. Baird upped their target price on General Dynamics from $283.00 to $350.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Sanford C. Bernstein set a $314.00 target price on General Dynamics and gave the stock a “market perform” rating in a research note on Monday, July 14th. Deutsche Bank Aktiengesellschaft raised General Dynamics from a “hold” rating to a “buy” rating and increased their price objective for the company from $298.00 to $342.00 in a research note on Tuesday, July 8th. Finally, Barclays increased their price objective on General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Nine analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, General Dynamics presently has a consensus rating of “Hold” and a consensus target price of $315.78.

General Dynamics Stock Down 0.4%

NYSE GD opened at $321.32 on Wednesday. The business has a fifty day moving average price of $311.82 and a 200 day moving average price of $285.59. General Dynamics Corporation has a one year low of $239.20 and a one year high of $326.02. 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 cap of $86.43 billion, a P/E ratio of 21.57, a P/E/G ratio of 1.98 and a beta of 0.50.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $0.27. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The business had revenue of $13.04 billion during the quarter, compared to the consensus estimate of $12.13 billion. During the same period last year, the company earned $3.26 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Research analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

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 paid 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 1.9%. General Dynamics’s dividend payout ratio (DPR) is 40.27%.

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.