Focus Partners Advisor Solutions LLC Has $4.58 Million Position in General Dynamics Corporation $GD

Focus Partners Advisor Solutions LLC raised its holdings in shares of General Dynamics Corporation (NYSE:GD) by 6.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 15,718 shares of the aerospace company’s stock after acquiring an additional 1,021 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in General Dynamics were worth $4,584,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in GD. Nuveen LLC bought a new position in shares of General Dynamics during the first quarter worth $272,464,000. Ameriprise Financial Inc. increased its holdings in shares of General Dynamics by 34.8% in the first quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock worth $749,252,000 after acquiring an additional 709,782 shares in the last quarter. Deutsche Bank AG raised its position in shares of General Dynamics by 120.9% during the first quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company’s stock worth $343,866,000 after purchasing an additional 690,349 shares during the period. JPMorgan Chase & Co. grew its position 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 period. Finally, Vident Advisory LLC increased its stake in General Dynamics by 183.1% during the 1st quarter. Vident Advisory LLC now owns 261,484 shares of the aerospace company’s stock worth $71,276,000 after purchasing an additional 169,120 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of General Dynamics from $284.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $400.00 price objective on shares of General Dynamics in a research report on Wednesday, October 8th. Wolfe Research lifted their target price on General Dynamics from $360.00 to $400.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Sanford C. Bernstein set a $314.00 price target on General Dynamics and gave the stock a “market perform” rating in a research report on Monday, July 14th. Finally, Robert W. Baird lifted their price objective on shares of General Dynamics from $283.00 to $350.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $327.44.

General Dynamics Stock Up 2.6%

Shares of GD stock opened at $350.22 on Friday. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $360.50. The stock has a market cap of $94.20 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 2.16 and a beta of 0.47. The firm’s 50-day moving average is $329.49 and its 200-day moving average is $302.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.69 by $0.19. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The firm had revenue of $12.91 billion for the quarter, compared to analyst estimates of $12.49 billion. During the same quarter in the prior year, the company earned $3.35 earnings per share. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Sell-side analysts predict that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be given a $1.50 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. General Dynamics’s dividend payout ratio is presently 40.27%.

Insider Buying and Selling at General Dynamics

In related news, VP William A. Moss sold 17,700 shares of the firm’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the transaction, the vice president directly owned 16,627 shares of the company’s stock, valued at approximately $5,260,782.80. This trade represents a 51.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $321.18, for a total value 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 trade represents a 26.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 242,460 shares of company stock worth $76,192,291 in the last ninety days. 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.