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

Brighton Jones LLC boosted its holdings in General Dynamics Corporation (NYSE:GD) by 70.8% in the second quarter, HoldingsChannel reports. 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 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Smallwood Wealth Investment Management LLC purchased a new stake in General Dynamics in the 1st quarter worth $27,000. Quarry LP increased its stake in General Dynamics by 783.3% in the 1st quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after buying an additional 94 shares in the last quarter. Abound Financial LLC purchased a new stake in General Dynamics in the 1st quarter worth $32,000. Harbor Asset Planning Inc. bought a new position in shares of General Dynamics during the 2nd quarter valued at about $35,000. Finally, Nova Wealth Management Inc. bought a new position in shares of General Dynamics during the 1st quarter valued at about $33,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on GD shares. Sanford C. Bernstein set a $314.00 price objective on shares of General Dynamics and gave the company a “market perform” rating in a report on Monday, July 14th. The Goldman Sachs Group increased their price objective on shares of General Dynamics from $280.00 to $293.00 and gave the company a “sell” rating in a report on Friday, October 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $400.00 price objective on shares of General Dynamics in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of General Dynamics from $284.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Finally, Susquehanna increased their price objective on shares of General Dynamics from $315.00 to $365.00 and gave the company a “positive” rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $327.44.

General Dynamics Stock Performance

General Dynamics stock opened at $350.22 on Monday. The firm has a market capitalization of $94.20 billion, a P/E ratio of 22.70, a price-to-earnings-growth ratio of 2.15 and a beta of 0.47. The company’s 50-day moving average is $329.49 and its 200 day moving average is $302.27. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $360.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87.

General Dynamics (NYSE:GD) last issued its earnings results on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.69 by $0.19. The business had revenue of $12.91 billion for 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 last year, the company posted $3.35 earnings per share. 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 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. Stockholders of record on Friday, October 10th will be given a dividend of $1.50 per share. 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 (DPR) is 40.27%.

Insider Buying and Selling at General Dynamics

In other news, VP Christopher J. Brady sold 8,150 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $321.18, for a total transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark Malcolm sold 3,220 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the transaction, the director directly owned 10,186 shares in the company, valued at approximately $3,355,777.70. This trade represents a 24.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 193,110 shares of company stock valued at $60,778,364. 1.50% of the stock is owned by corporate insiders.

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.