Stonebridge Financial Group LLC Acquires 57 Shares of General Dynamics Corporation $GD

Stonebridge Financial Group LLC boosted its position in shares of General Dynamics Corporation (NYSE:GD) by 0.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,442 shares of the aerospace company’s stock after buying an additional 57 shares during the period. Stonebridge Financial Group LLC’s holdings in General Dynamics were worth $4,795,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GD. Nuveen LLC bought a new position in General Dynamics during the first quarter valued at approximately $272,464,000. Ameriprise Financial Inc. boosted its stake in General Dynamics by 34.8% during the first quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock valued at $749,252,000 after buying an additional 709,782 shares during the last quarter. Deutsche Bank AG boosted its stake in General Dynamics by 120.9% during the first quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company’s stock valued at $343,866,000 after buying an additional 690,349 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of General Dynamics by 4.9% in the 1st quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock valued at $1,499,819,000 after purchasing an additional 256,687 shares during the last quarter. Finally, Aurora Private Wealth Inc. lifted its stake in shares of General Dynamics by 25,390.6% in the 1st quarter. Aurora Private Wealth Inc. now owns 203,670 shares of the aerospace company’s stock valued at $55,516,000 after purchasing an additional 202,871 shares during the last quarter. 86.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on General Dynamics from $284.00 to $345.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Susquehanna raised their price objective on General Dynamics from $315.00 to $365.00 and gave the company a “positive” rating in a research note on Thursday, July 24th. Jefferies Financial Group set a $325.00 price objective on General Dynamics and gave the company a “hold” rating in a research note on Wednesday, July 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a research note on Wednesday. Finally, Wolfe Research raised General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 price objective for the company in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $319.00.

General Dynamics Price Performance

Shares of GD stock opened at $342.81 on Friday. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $347.37. 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 market capitalization of $92.21 billion, a P/E ratio of 23.01, a P/E/G ratio of 2.12 and a beta of 0.47. The stock has a 50 day moving average price of $324.48 and a 200 day moving average price of $296.30.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $0.27. The firm had revenue of $13.04 billion during the quarter, compared to analyst estimates of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.General Dynamics’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, sell-side analysts predict 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 issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, October 10th. General Dynamics’s dividend payout ratio (DPR) is presently 40.27%.

Insider Activity at General Dynamics

In other news, EVP Marguerite Amy Gilliland sold 33,740 shares of the business’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $315.20, for a total value of $10,634,848.00. Following the completion of the transaction, the executive vice president directly owned 45,192 shares of the company’s stock, valued at approximately $14,244,518.40. The trade was a 42.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP William A. Moss sold 17,700 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $316.40, for a total value of $5,600,280.00. Following the completion of 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 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 over the last three months. Corporate insiders own 1.50% of the company’s stock.

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.