Mesirow Financial Investment Management Inc. Reduces Position in General Dynamics Corporation $GD

Mesirow Financial Investment Management Inc. cut its position in General Dynamics Corporation (NYSE:GD) by 0.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,557 shares of the aerospace company’s stock after selling 41 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in General Dynamics were worth $1,621,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of GD. Brighton Jones LLC increased its position in shares of General Dynamics by 16.9% in the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after purchasing an additional 417 shares during the last quarter. Novem Group increased its position in shares of General Dynamics by 126.4% in the 1st quarter. Novem Group now owns 960 shares of the aerospace company’s stock valued at $262,000 after purchasing an additional 536 shares during the last quarter. Resonant Capital Advisors LLC grew its position in shares of General Dynamics by 21.9% in the 1st quarter. Resonant Capital Advisors LLC now owns 1,488 shares of the aerospace company’s stock valued at $406,000 after buying an additional 267 shares during the last quarter. Conning Inc. grew its position in shares of General Dynamics by 3.5% in the 1st quarter. Conning Inc. now owns 137,531 shares of the aerospace company’s stock valued at $37,488,000 after buying an additional 4,609 shares during the last quarter. Finally, Calamos Advisors LLC grew its position in shares of General Dynamics by 1.1% in the 1st quarter. Calamos Advisors LLC now owns 44,319 shares of the aerospace company’s stock valued at $12,080,000 after buying an additional 494 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GD shares. Bank of America increased their target price on shares of General Dynamics from $370.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday. Sanford C. Bernstein increased their target price on shares of General Dynamics from $335.00 to $388.00 and gave the company a “market perform” rating in a research report on Tuesday. Wall Street Zen raised shares of General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Susquehanna increased their target price on shares of General Dynamics from $365.00 to $406.00 and gave the company a “positive” rating in a research report on Monday. Finally, Wolfe Research increased their target price on shares of General Dynamics from $360.00 to $400.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $350.89.

Insider Activity

In other General Dynamics news, VP Christopher J. Brady sold 8,150 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the vice president directly owned 22,818 shares in the company, valued at approximately $7,328,685.24. This trade represents a 26.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the firm’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the transaction, the executive vice president owned 45,192 shares of the company’s stock, valued at $14,244,518.40. This trade represents a 42.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 193,110 shares of company stock worth $60,778,364 in the last three months. Company insiders own 1.50% of the company’s stock.

General Dynamics Stock Up 0.0%

GD stock opened at $344.81 on Friday. General Dynamics Corporation has a one year low of $239.20 and a one year high of $360.50. The stock has a market capitalization of $93.14 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 2.05 and a beta of 0.47. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. The company has a fifty day moving average of $332.50 and a 200-day moving average of $304.56.

General Dynamics (NYSE:GD) last posted its earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.69 by $0.19. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The firm had revenue of $12.91 billion during the quarter, compared to the consensus estimate of $12.49 billion. During the same period last year, the firm posted $3.35 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, analysts expect that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, October 10th. General Dynamics’s dividend payout ratio (DPR) is 38.89%.

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.