Talon Private Wealth LLC Boosts Position in General Dynamics Corporation $GD

Talon Private Wealth LLC boosted its stake in shares of General Dynamics Corporation (NYSE:GD) by 5,585.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,006 shares of the aerospace company’s stock after buying an additional 9,830 shares during the quarter. Talon Private Wealth LLC’s holdings in General Dynamics were worth $2,709,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in GD. JPMorgan Chase & Co. raised its stake in shares of General Dynamics by 4.9% during the first quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock valued at $1,499,819,000 after acquiring an additional 256,687 shares in the last quarter. Royal Bank of Canada increased its holdings in General Dynamics by 5.2% during the 4th quarter. Royal Bank of Canada now owns 2,935,046 shares of the aerospace company’s stock worth $773,355,000 after purchasing an additional 145,978 shares during the period. Ameriprise Financial Inc. raised its position in General Dynamics by 34.8% during the 1st quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock valued at $749,252,000 after purchasing an additional 709,782 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of General Dynamics by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,582,388 shares of the aerospace company’s stock worth $431,327,000 after buying an additional 5,313 shares during the period. Finally, Boston Partners grew its position in shares of General Dynamics by 7.9% during the 1st quarter. Boston Partners now owns 1,296,497 shares of the aerospace company’s stock worth $353,558,000 after buying an additional 94,537 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on GD. Wolfe Research raised shares of 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. Robert W. Baird upped their price target on shares of General Dynamics from $283.00 to $350.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Cowen reiterated a “buy” rating on shares of General Dynamics in a research note on Wednesday, June 25th. 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 note on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft raised General Dynamics from a “hold” rating to a “buy” rating and increased their target price for the company from $298.00 to $342.00 in a research report on Tuesday, July 8th. Nine research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $315.78.

Insiders Place Their Bets

In related news, EVP Marguerite Amy Gilliland sold 33,740 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were 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 $14,244,518.40. This trade represents a 42.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark Malcolm sold 1,210 shares of the business’s 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 sale, the director directly owned 10,186 shares in the company, valued at approximately $3,249,741.44. This represents a 10.62% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 458,260 shares of company stock valued at $138,125,545. 1.50% of the stock is currently owned by corporate insiders.

General Dynamics Trading Up 0.1%

NYSE:GD opened at $322.80 on Friday. The stock 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. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $326.02. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average of $310.66 and a 200 day moving average of $284.51.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.27. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The business had revenue of $13.04 billion for the quarter, compared to analyst estimates of $12.13 billion. During the same period in the previous year, the company earned $3.26 earnings per share. The business’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 anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently declared 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. The ex-dividend date 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 (DPR) is 40.27%.

General Dynamics 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.