Themes Management Co LLC Has $3.75 Million Position in General Dynamics Corporation $GD

Themes Management Co LLC lifted its holdings in General Dynamics Corporation (NYSE:GD) by 69.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,933 shares of the aerospace company’s stock after purchasing an additional 4,462 shares during the period. General Dynamics comprises 2.3% of Themes Management Co LLC’s holdings, making the stock its 7th biggest holding. Themes Management Co LLC’s holdings in General Dynamics were worth $3,752,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GD. Whipplewood Advisors LLC boosted its holdings in General Dynamics by 1,725.0% during the first quarter. Whipplewood Advisors LLC now owns 73 shares of the aerospace company’s stock worth $25,000 after buying an additional 69 shares in the last quarter. Steph & Co. increased its holdings in shares of General Dynamics by 65.2% in the fourth quarter. Steph & Co. now owns 76 shares of the aerospace company’s stock valued at $26,000 after buying an additional 30 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in shares of General Dynamics during the 1st quarter valued at $29,000. Wilkerson Advisory Group LLC lifted its position in shares of General Dynamics by 79.6% during the 1st quarter. Wilkerson Advisory Group LLC now owns 88 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 39 shares during the last quarter. Finally, Center for Financial Planning Inc. boosted its stake in shares of General Dynamics by 220.7% during the 4th quarter. Center for Financial Planning Inc. now owns 93 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 64 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Mark Lagrand Burns sold 36,480 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $345.29, for a total value of $12,596,179.20. Following the completion of the sale, the executive vice president directly owned 38,975 shares in the company, valued at approximately $13,457,677.75. The trade was a 48.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark Malcolm sold 5,480 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $365.00, for a total transaction of $2,000,200.00. Following the transaction, the director directly owned 10,643 shares of the company’s stock, valued at approximately $3,884,695. This represents a 33.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 78,190 shares of company stock worth $27,041,022 in the last 90 days. 1.40% of the stock is owned by insiders.

General Dynamics Stock Up 1.2%

Shares of General Dynamics stock opened at $386.51 on Friday. The firm has a market cap of $104.52 billion, a price-to-earnings ratio of 24.32, a P/E/G ratio of 2.33 and a beta of 0.34. The stock has a 50-day simple moving average of $356.19 and a 200-day simple moving average of $351.77. General Dynamics Corporation has a 52-week low of $306.03 and a 52-week high of $388.12. 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 (NYSE:GD) last issued its quarterly earnings data on Wednesday, April 29th. The aerospace company reported $4.10 earnings per share for the quarter, beating the consensus estimate of $3.67 by $0.43. The firm had revenue of $13.48 billion for the quarter, compared to analyst estimates of $12.70 billion. General Dynamics had a net margin of 8.07% and a return on equity of 17.41%. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the firm earned $3.66 earnings per share. On average, equities research analysts expect that General Dynamics Corporation will post 16.66 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 2nd will be paid a dividend of $1.59 per share. The ex-dividend date is Thursday, July 2nd. This represents a $6.36 annualized dividend and a dividend yield of 1.6%. General Dynamics’s dividend payout ratio is 40.03%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GD. BNP Paribas Exane cut their target price on General Dynamics from $430.00 to $390.00 and set an “outperform” rating on the stock in a research report on Thursday, April 30th. The Goldman Sachs Group decreased their price target on General Dynamics from $327.00 to $313.00 and set a “sell” rating for the company in a research report on Monday, May 4th. Morgan Stanley lifted their price target on General Dynamics from $410.00 to $435.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Wells Fargo & Company began coverage on General Dynamics in a report on Wednesday, April 1st. They set an “overweight” rating and a $400.00 price objective on the stock. Finally, Bank of America raised their target price on shares of General Dynamics from $400.00 to $415.00 and gave the stock a “buy” rating in a report on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $391.15.

General Dynamics News Roundup

Here are the key news stories impacting General Dynamics this week:

• Positive Sentiment: GD has hit a 52-week high, reflecting strong momentum and investor confidence in the defense contractor’s outlook. General Dynamics Corporation (GD) Hit a 52 Week High, Can the Run Continue?
• Positive Sentiment: Analysts are focusing on GD’s upcoming Q2 results, with attention on a record backlog and improving defense operations, which could support the stock if management delivers strong numbers and positive commentary on submarines and Gulfstream. General Dynamics to Release Q2 Earnings: Here’s What to Expect
• Positive Sentiment: Recent investor sentiment has also been helped by broader strength in defense stocks, with peers posting solid results and raising guidance, which has lifted expectations for GD ahead of its July 29 earnings release. Why General Dynamics (GD) Stock Is Up Today
• Neutral Sentiment: Wall Street is also watching GD’s Q2 estimates and key operating metrics closely, suggesting the market may be waiting for confirmation that recent strength is sustainable rather than purely speculative. General Dynamics (GD) Q2 Earnings on the Horizon: Analysts’ Insights on Key Performance Measures
• Neutral Sentiment: One article compared GD’s value profile with GE Aerospace, reinforcing that investors still see GD as a large-cap defense name with valuation appeal, but not necessarily a fresh catalyst by itself. GD vs. GE: Which Stock Is the Better Value Option?

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.