Brighton Jones LLC Acquires 4,110 Shares of General Dynamics Corporation $GD

Brighton Jones LLC increased its position in General Dynamics Corporation (NYSE:GD - Free Report) by 82.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,077 shares of the aerospace company's stock after acquiring an additional 4,110 shares during the quarter. Brighton Jones LLC's holdings in General Dynamics were worth $3,095,000 as of its most recent SEC filing.Get General Dynamics alerts:General Dynamics Hits New Highs: Why It Might Keep ClimbingOther hedge funds also recently made changes to their positions in the company. State Street Corp increased its position in shares of General Dynamics by 1.1% during the second quarter. State Street Corp now owns 11,140,437 shares of the aerospace company's stock valued at $3,249,220,000 after buying an additional 119,664 shares during the period. Ameriprise Financial Inc. lifted its stake in General Dynamics by 25.2% during the second quarter. Ameriprise Financial Inc. now owns 3,439,720 shares of the aerospace company's stock worth $1,003,444,000 after purchasing an additional 691,340 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of General Dynamics by 0.4% in the 2nd quarter. Invesco Ltd. now owns 2,385,573 shares of the aerospace company's stock worth $695,776,000 after purchasing an additional 9,283 shares in the last quarter. Franklin Resources Inc. boosted its position in General Dynamics by 2.5% during the second quarter. Franklin Resources Inc. now owns 1,712,190 shares of the aerospace company's stock valued at $499,377,000 after buying an additional 41,349 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in General Dynamics by 1.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,598,847 shares of the aerospace company's stock worth $466,320,000 after acquiring an additional 16,459 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors. Analysts Set New Price TargetsSeveral brokerages recently commented on GD. Seaport Res Ptn raised shares of General Dynamics from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 29th. Melius Research upgraded General Dynamics to a "strong-buy" rating in a report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $400.00 price target on shares of General Dynamics in a research report on Wednesday, October 8th. Wolfe Research raised their price objective on General Dynamics from $360.00 to $400.00 and gave the company an "outperform" rating in a research report on Thursday, October 9th. Finally, Bank of America raised their price objective on shares of General Dynamics from $370.00 to $400.00 and gave the company a "buy" rating in a research note on Tuesday, October 28th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $358.50.Green Dot's 30% Rally: Turnaround Takes Off on Explosive EarningsGet Our Latest Report on GDGeneral Dynamics Trading Up 1.7%Shares of General Dynamics stock opened at $345.08 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. The stock has a market capitalization of $93.21 billion, a PE ratio of 22.36, a P/E/G ratio of 1.69 and a beta of 0.40. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $360.50. The company's fifty day simple moving average is $340.90 and its 200-day simple moving average is $321.80. America Wants Drone Dominance: Are These Stocks Ready to Soar?General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.69 by $0.19. The business had revenue of $12.91 billion during the quarter, compared to analysts' expectations of $12.49 billion. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The firm's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, equities analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year. General Dynamics Dividend AnnouncementThe firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 16th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, January 16th. General Dynamics's dividend payout ratio (DPR) is presently 38.89%. Insider Buying and Selling at General DynamicsIn other news, VP David Paddock sold 20,360 shares of the company's stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $334.92, for a total transaction of $6,818,971.20. Following the sale, the vice president directly owned 36,644 shares in the company, valued at approximately $12,272,808.48. This represents a 35.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by company insiders. About General Dynamics (Free Report)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.Featured ArticlesFive stocks we like better than General DynamicsDo not delete, read immediatelyINVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffCan Any Expenses Be Deducted From Capital Gains Tax?Buffett, Gates and Bezos Quietly Dumping Stocks—Here's WhyThe Last Gold Bull Market This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in General Dynamics Right Now?Before you consider General Dynamics, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and General Dynamics wasn't on the list.While General Dynamics currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here