Chicago Partners Investment Group LLC Raises Stake in General Dynamics Corporation $GD

Chicago Partners Investment Group LLC raised its position in General Dynamics Corporation (NYSE:GD) by 19.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,590 shares of the aerospace company’s stock after acquiring an additional 574 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in General Dynamics were worth $1,138,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in GD. Brighton Jones LLC lifted its stake in General Dynamics by 16.9% in the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after acquiring an additional 417 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of General Dynamics by 27.2% during the 1st quarter. GAMMA Investing LLC now owns 4,566 shares of the aerospace company’s stock worth $1,245,000 after buying an additional 977 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of General Dynamics by 16.1% during the 1st quarter. Exchange Traded Concepts LLC now owns 901 shares of the aerospace company’s stock worth $246,000 after buying an additional 125 shares during the last quarter. Advisor Resource Council purchased a new stake in shares of General Dynamics during the 1st quarter worth approximately $201,000. Finally, Inlight Wealth Management LLC purchased a new stake in shares of General Dynamics during the 1st quarter worth approximately $26,000. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Up 1.9%

GD stock opened at $337.34 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. The company has a market cap of $90.74 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 2.04 and a beta of 0.47. The company has a fifty day moving average price of $327.31 and a 200 day moving average price of $299.87. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $347.37.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.27. The company had revenue of $13.04 billion for the quarter, compared to analysts’ expectations of $12.13 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. General Dynamics’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company posted $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Sell-side analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The company also recently disclosed 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. This represents a $6.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s payout ratio is currently 40.27%.

Insider Buying and Selling

In other General Dynamics news, VP William A. Moss sold 17,700 shares of the business’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $316.40, for a total value of $5,600,280.00. Following the transaction, the vice president directly owned 16,627 shares of the company’s stock, valued at approximately $5,260,782.80. The trade was a 51.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark Lagrand Burns sold 43,860 shares of the business’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $312.28, for a total transaction of $13,696,600.80. Following the completion of the transaction, the executive vice president directly owned 39,875 shares in the company, valued at $12,452,165. This represents a 52.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 275,020 shares of company stock worth $86,414,503 in the last ninety days. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GD. Wolfe Research boosted their price objective on shares of General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. UBS Group boosted their price objective on shares of General Dynamics from $309.00 to $333.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Barclays boosted their price objective on shares of General Dynamics from $285.00 to $350.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a research report on Wednesday, October 8th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, General Dynamics currently has an average rating of “Hold” and an average price target of $327.44.

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.