Leonteq Securities AG Purchases 1,400 Shares of General Dynamics Corporation $GD
by Danessa Lincoln · The Markets DailyLeonteq Securities AG boosted its holdings in General Dynamics Corporation (NYSE:GD – Free Report) by 35.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 5,360 shares of the aerospace company’s stock after purchasing an additional 1,400 shares during the quarter. Leonteq Securities AG’s holdings in General Dynamics were worth $1,840,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of GD. KERR FINANCIAL PLANNING Corp bought a new position in shares of General Dynamics in the third quarter worth about $25,000. Dagco Inc. bought a new stake in General Dynamics during the 4th quarter valued at approximately $25,000. Burkett Financial Services LLC raised its stake in General Dynamics by 650.0% during the 3rd quarter. Burkett Financial Services LLC now owns 75 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 65 shares during the period. Steph & Co. lifted its holdings in General Dynamics by 65.2% in the 4th quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 30 shares in the last quarter. Finally, Center for Financial Planning Inc. lifted its holdings in General Dynamics by 220.7% in the 4th quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 64 shares in the last quarter. 86.14% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have issued reports on GD shares. Wells Fargo & Company initiated coverage on shares of General Dynamics in a report on Wednesday, April 1st. They set an “overweight” rating and a $400.00 price objective for the company. DA Davidson lowered their target price on shares of General Dynamics from $384.00 to $375.00 in a report on Thursday, April 30th. Citigroup dropped their target price on shares of General Dynamics from $380.00 to $364.00 and set a “neutral” rating for the company in a research report on Monday, May 18th. BNP Paribas Exane reduced their price target on shares of General Dynamics from $430.00 to $390.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. Finally, UBS Group upgraded shares of General Dynamics from a “neutral” rating to a “buy” rating in a research note on Thursday, June 11th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $388.40.
Check Out Our Latest Stock Report on General Dynamics
General Dynamics Stock Performance
NYSE GD opened at $373.34 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.38 and a quick ratio of 0.90. General Dynamics Corporation has a 1-year low of $292.34 and a 1-year high of $373.60. The business has a 50 day simple moving average of $344.97 and a two-hundred day simple moving average of $348.35. The stock has a market capitalization of $100.96 billion, a PE ratio of 23.50, a P/E/G ratio of 2.31 and a beta of 0.34.
General Dynamics (NYSE:GD – Get Free Report) last posted its earnings results on Wednesday, April 29th. The aerospace company reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.67 by $0.43. General Dynamics had a return on equity of 17.41% and a net margin of 8.07%.The firm had revenue of $13.48 billion during the quarter, compared to the consensus estimate of $12.70 billion. During the same period in the prior year, the company earned $3.66 EPS. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, research analysts predict that General Dynamics Corporation will post 16.63 EPS for the current fiscal year.
General Dynamics Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 2nd will be given a dividend of $1.59 per share. The ex-dividend date is Thursday, July 2nd. This represents a $6.36 annualized dividend and a yield of 1.7%. General Dynamics’s dividend payout ratio (DPR) is 40.03%.
Insider Buying and Selling at General Dynamics
In related news, Director Mark Malcolm sold 5,480 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $365.00, for a total value of $2,000,200.00. Following the completion of the transaction, the director owned 10,643 shares of the company’s stock, valued at approximately $3,884,695. This trade represents a 33.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark Lagrand Burns sold 36,480 shares of General Dynamics stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $345.29, for a total value of $12,596,179.20. Following the completion of the transaction, the executive vice president owned 38,975 shares of the company’s stock, valued at approximately $13,457,677.75. This represents a 48.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 78,190 shares of company stock valued at $27,041,022 in the last quarter. 1.40% of the stock is owned by company insiders.
General Dynamics Profile
General Dynamics is a major American aerospace and defense contractor that designs, manufactures and supports a broad range of products and services for government and commercial customers worldwide. Headquartered in the United States (Reston, Virginia), the company supplies platforms and systems used by armed forces, civil authorities and private operators across multiple domains including air, land, sea and cyber.
Its principal activities span several operating businesses: a business aviation unit that develops and supports Gulfstream business jets; land systems that produce armored combat vehicles and related logistics and sustainment services; marine systems that design and construct submarines and surface ships for navies; and mission systems and information technology operations that provide command-and-control, communications, cybersecurity and systems-integration services.
Read More
- Five stocks we like better than General Dynamics
- AST SpaceMobile’s Japan Catalyst Puts Its Rollout Story Back in Focus
- Gold and Silver Recovery—3 Precious Metals Stocks for H2 2026
- Klarna’s Google Court Win Could Give Its BNPL Story a Needed Cash Catalyst
- Why Kroger’s Giant Eagle Deal Could Change Everything
Want to see what other hedge funds are holding GD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Dynamics Corporation (NYSE:GD – Free Report).