1,104 Shares in General Dynamics Corporation $GD Acquired by Kera Capital Partners Inc.

Kera Capital Partners Inc. bought a new position in shares of General Dynamics Corporation (NYSE:GD) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 1,104 shares of the aerospace company’s stock, valued at approximately $322,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GD. Brighton Jones LLC raised its holdings in General Dynamics by 16.9% during the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock worth $760,000 after purchasing an additional 417 shares in the last quarter. Rafferty Asset Management LLC increased its holdings in shares of General Dynamics by 19.6% in the fourth quarter. Rafferty Asset Management LLC now owns 47,632 shares of the aerospace company’s stock valued at $12,551,000 after buying an additional 7,812 shares in the last quarter. Silvercrest Asset Management Group LLC increased its holdings in shares of General Dynamics by 1.1% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 7,547 shares of the aerospace company’s stock valued at $1,989,000 after buying an additional 81 shares in the last quarter. Shell Asset Management Co. increased its holdings in shares of General Dynamics by 149.9% in the fourth quarter. Shell Asset Management Co. now owns 4,061 shares of the aerospace company’s stock valued at $1,070,000 after buying an additional 2,436 shares in the last quarter. Finally, Toronto Dominion Bank increased its holdings in shares of General Dynamics by 8.4% in the fourth quarter. Toronto Dominion Bank now owns 134,806 shares of the aerospace company’s stock valued at $35,520,000 after buying an additional 10,459 shares in the last quarter. Institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on GD shares. Susquehanna upped their price target on General Dynamics from $315.00 to $365.00 and gave the company a “positive” rating in a report on Thursday, July 24th. Barclays upped their price target on General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Citigroup upped their price target on General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. upped their price target on General Dynamics from $284.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Finally, UBS Group upped their price target on General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Nine research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $315.78.

Insider Buying and Selling 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 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 directly owned 45,192 shares in the company, valued at $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 available at this link. Also, VP Christopher J. Brady sold 8,150 shares of the business’s stock in a transaction on 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 transaction, the vice president owned 22,818 shares in the company, valued at approximately $7,328,685.24. This represents a 26.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 279,439 shares of company stock worth $87,495,956 over the last 90 days. 1.50% of the stock is currently owned by insiders.

General Dynamics Trading Down 1.0%

NYSE GD opened at $326.23 on Friday. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $330.18. 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 stock has a market cap of $87.75 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 2.02 and a beta of 0.50. The firm’s 50 day moving average price is $313.76 and its two-hundred day moving average price is $287.21.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, beating 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 analysts’ expectations of $12.13 billion. During the same period in the previous year, the company posted $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. Equities analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders 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 dividend yield of 1.8%. The ex-dividend date is Friday, October 10th. General Dynamics’s payout ratio is currently 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.