Curbstone Financial Management Corp Buys Shares of 1,382 General Dynamics Corporation $GD

Curbstone Financial Management Corp bought a new stake in shares of General Dynamics Corporation (NYSE:GD) in the second quarter, HoldingsChannel reports. The institutional investor bought 1,382 shares of the aerospace company’s stock, valued at approximately $403,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Inlight Wealth Management LLC purchased a new stake in General Dynamics during the first quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of General Dynamics in the first quarter worth $27,000. Quarry LP increased its stake in shares of General Dynamics by 783.3% in the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 94 shares in the last quarter. Abound Financial LLC purchased a new stake in shares of General Dynamics in the first quarter worth $32,000. Finally, Harbor Asset Planning Inc. purchased a new stake in shares of General Dynamics in the second quarter worth $35,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, EVP Mark Lagrand Burns sold 43,860 shares of the 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 owned 39,875 shares in the company, valued at $12,452,165. This trade represents a 52.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Phebe N. Novakovic sold 129,090 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the transaction, the chief executive officer owned 769,607 shares of the company’s stock, valued at $241,325,666.99. This trade represents a 14.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 275,020 shares of company stock valued at $86,414,503 over the last ninety days. Corporate insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

GD has been the subject of a number of analyst reports. Morgan Stanley increased their price objective on shares of General Dynamics from $328.00 to $360.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Cowen reissued a “buy” rating on shares of General Dynamics in a research note on Wednesday, June 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $400.00 price objective on shares of General Dynamics in a research note on Wednesday, October 8th. Wolfe Research increased their price objective on shares of General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Finally, Citigroup upped their target price on shares of General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $327.44.

General Dynamics Price Performance

Shares of NYSE:GD opened at $331.33 on Friday. 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 firm has a fifty day moving average price of $326.86 and a 200 day moving average price of $299.05. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $347.37. The firm has a market cap of $89.12 billion, a price-to-earnings ratio of 22.24, a P/E/G ratio of 2.04 and a beta of 0.47.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates of $3.47 by $0.27. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The firm had revenue of $13.04 billion during the quarter, compared to analyst estimates of $12.13 billion. During the same quarter in the prior year, the business earned $3.26 earnings per share. General Dynamics’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. As a group, sell-side analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be given a dividend of $1.50 per share. The ex-dividend date is Friday, October 10th. This represents a $6.00 annualized dividend and a yield of 1.8%. General Dynamics’s dividend payout ratio (DPR) is 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.