Gallacher Capital Management LLC Raises Position in General Dynamics Corporation $GD

Gallacher Capital Management LLC boosted its holdings in General Dynamics Corporation (NYSE:GD) by 35.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,796 shares of the aerospace company’s stock after buying an additional 733 shares during the period. Gallacher Capital Management LLC’s holdings in General Dynamics were worth $815,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Rialto Wealth Management LLC grew its stake in General Dynamics by 213.8% in the 1st quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company’s stock valued at $25,000 after buying an additional 62 shares in the last quarter. Inlight Wealth Management LLC purchased a new position in General Dynamics in the 1st quarter valued at approximately $26,000. Copia Wealth Management purchased a new position in General Dynamics in the 4th quarter valued at approximately $27,000. Smallwood Wealth Investment Management LLC purchased a new position in General Dynamics in the 1st quarter valued at approximately $27,000. Finally, Heck Capital Advisors LLC purchased a new position in General Dynamics in the 4th quarter valued at approximately $28,000. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

General Dynamics Stock Down 1.0%

Shares of NYSE:GD opened at $326.23 on Monday. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $330.18. The firm has a fifty day moving average of $313.76 and a 200 day moving average of $287.46. The firm has a market capitalization of $87.75 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 2.00 and a beta of 0.50. 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 announced its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, topping 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 company had revenue of $13.04 billion during the quarter, compared to analyst estimates of $12.13 billion. During the same period in the previous year, the business earned $3.26 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, research analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given a $1.50 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.00 annualized dividend and a yield of 1.8%. General Dynamics’s payout ratio is 40.27%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and lifted their price objective for the company from $298.00 to $342.00 in a research note on Tuesday, July 8th. UBS Group boosted their price target on shares of General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Cowen restated a “buy” rating on shares of General Dynamics in a research report on Wednesday, June 25th. Citigroup boosted their price target on shares of General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. boosted their price target on shares of General Dynamics from $284.00 to $345.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, General Dynamics has a consensus rating of “Hold” and a consensus price target of $315.78.

Insiders Place Their Bets

In other General Dynamics news, VP William A. Moss sold 17,700 shares of the business’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $316.40, for a total value of $5,600,280.00. Following the completion of the sale, the vice president directly owned 16,627 shares of the company’s stock, valued at $5,260,782.80. The trade was a 51.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the business’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the completion of the sale, the executive vice president directly owned 45,192 shares of the company’s stock, valued at $14,244,518.40. This represents a 42.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 271,800 shares of company stock valued at $85,353,674 over the last three months. 1.50% of the stock is currently owned by company insiders.

General Dynamics Profile

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.