Capital City Trust Co. FL Raises Position in General Dynamics Corporation $GD

Capital City Trust Co. FL increased its stake in shares of General Dynamics Corporation (NYSE:GD) by 2.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,542 shares of the aerospace company’s stock after purchasing an additional 539 shares during the period. General Dynamics makes up 1.9% of Capital City Trust Co. FL’s investment portfolio, making the stock its 13th largest holding. Capital City Trust Co. FL’s holdings in General Dynamics were worth $7,450,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in GD. Inlight Wealth Management LLC purchased a new position in shares of General Dynamics during the first quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC bought a new position in General Dynamics during the first quarter valued at $27,000. Quarry LP lifted its position in General Dynamics by 783.3% during the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 94 shares during the last quarter. Perkins Coie Trust Co lifted its position in General Dynamics by 80.0% during the first quarter. Perkins Coie Trust Co now owns 117 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 52 shares during the last quarter. Finally, Abound Financial LLC bought a new stake in shares of General Dynamics in the 1st quarter worth about $32,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Stock Performance

GD opened at $343.76 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. The firm has a fifty day moving average price of $321.91 and a 200 day moving average price of $294.30. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $345.22. The stock has a market cap of $92.47 billion, a P/E ratio of 23.07, a P/E/G ratio of 2.10 and a beta of 0.47.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, topping the consensus estimate of $3.47 by $0.27. The company had revenue of $13.04 billion during the quarter, compared to analyst estimates of $12.13 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Equities research analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

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

Insider Buying and Selling at General Dynamics

In other news, Director Mark Malcolm sold 3,220 shares of the company’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the completion of the sale, the director owned 10,186 shares of the company’s stock, valued at $3,355,777.70. This represents a 24.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP William A. Moss sold 17,700 shares of the company’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 completion of the sale, the vice president directly owned 16,627 shares of the company’s stock, valued at $5,260,782.80. This represents a 51.56% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 275,020 shares of company stock valued at $86,414,503. 1.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GD shares. Wall Street Zen upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday. UBS Group raised their target price 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. Sanford C. Bernstein set a $314.00 target price on shares of General Dynamics and gave the company a “market perform” rating in a research report on Monday, July 14th. Wolfe Research raised shares of General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 price objective on the stock in a research report on Thursday, July 24th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, General Dynamics presently has an average rating of “Hold” and an average price target of $315.78.

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.