Meiji Yasuda Life Insurance Co Makes New Investment in General Dynamics Corporation $GD

Meiji Yasuda Life Insurance Co purchased a new position in shares of General Dynamics Corporation (NYSE:GD) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,111 shares of the aerospace company’s stock, valued at approximately $575,000.

Several other institutional investors have also modified their holdings of GD. Rialto Wealth Management LLC grew its position in shares of General Dynamics by 213.8% during the first quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 62 shares during the last quarter. Inlight Wealth Management LLC bought a new position in shares of General Dynamics during the first quarter worth about $26,000. Copia Wealth Management bought a new position in shares of General Dynamics during the fourth quarter worth about $27,000. Smallwood Wealth Investment Management LLC bought a new position in shares of General Dynamics during the first quarter worth about $27,000. Finally, Heck Capital Advisors LLC bought a new position in shares of General Dynamics during the fourth quarter worth about $28,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Price Performance

Shares of NYSE GD opened at $322.79 on Tuesday. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $326.02. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $86.83 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 1.98 and a beta of 0.50. The firm has a 50-day moving average of $311.28 and a two-hundred day moving average of $285.34.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, beating 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 company had revenue of $13.04 billion during the quarter, compared to the consensus estimate of $12.13 billion. During the same period in the prior year, the company earned $3.26 EPS. General Dynamics’s revenue 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, analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

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 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 yield of 1.9%. General Dynamics’s dividend payout ratio is currently 40.27%.

Analyst Ratings Changes

Several research firms have recently commented on GD. Susquehanna upped their price target on shares of General Dynamics from $315.00 to $365.00 and gave the stock a “positive” rating in a research report on Thursday, July 24th. Barclays increased their target price on shares of General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Robert W. Baird increased their target price on shares of General Dynamics from $283.00 to $350.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Wolfe Research upgraded shares of General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 target price for the company in a research report on Thursday, July 24th. Finally, Jefferies Financial Group set a $325.00 target price on shares of General Dynamics and gave the company a “hold” rating in a research report on Wednesday, July 9th. Nine research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $315.78.

Insider Activity at General Dynamics

In other news, VP Christopher J. Brady sold 8,150 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were 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 represents a 26.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark Malcolm sold 1,210 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $319.04, for a total transaction of $386,038.40. Following the completion of the sale, the director directly owned 10,186 shares of the company’s stock, valued at $3,249,741.44. This trade represents a 10.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 458,260 shares of company stock valued at $138,125,545. Corporate insiders own 1.50% of the company’s stock.

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.