2,936 Shares in General Dynamics Corporation $GD Bought by Second Half Financial Partners LLC

Second Half Financial Partners LLC purchased a new position in General Dynamics Corporation (NYSE:GD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,936 shares of the aerospace company’s stock, valued at approximately $856,000.

Other hedge funds also recently modified their holdings of the company. Inlight Wealth Management LLC bought a new position in shares of General Dynamics in the first quarter worth $26,000. Smallwood Wealth Investment Management LLC bought a new position in shares of General Dynamics in the first quarter worth $27,000. Quarry LP increased its position in shares of General Dynamics by 783.3% in the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 94 shares during the period. Abound Financial LLC bought a new position in General Dynamics in the first quarter valued at about $32,000. Finally, Nova Wealth Management Inc. bought a new position in General Dynamics in the first quarter valued at about $33,000. Institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling

In related news, EVP Marguerite Amy Gilliland sold 33,740 shares of General Dynamics stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $315.20, for a total value of $10,634,848.00. Following the transaction, the executive vice president directly owned 45,192 shares of the company’s stock, valued at $14,244,518.40. The trade was a 42.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Lagrand Burns sold 43,860 shares of General Dynamics stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $312.28, for a total value of $13,696,600.80. Following the completion of the transaction, the executive vice president directly owned 39,875 shares in the company, valued at approximately $12,452,165. This represents a 52.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 275,020 shares of company stock valued at $86,414,503 over the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

General Dynamics Stock Performance

NYSE:GD opened at $333.03 on Friday. The stock has a market cap of $89.58 billion, a P/E ratio of 22.35, a price-to-earnings-growth ratio of 2.04 and a beta of 0.47. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. The stock’s 50-day moving average is $324.93 and its 200-day moving average is $296.94. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $347.37.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.27. The company had revenue of $13.04 billion for the quarter, compared to analysts’ expectations of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business posted $3.26 earnings per share. 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 disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s payout ratio is currently 40.27%.

Analyst Ratings Changes

A number of research analysts have issued reports on GD shares. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a research report on Wednesday. Cowen reiterated a “buy” rating on shares of General Dynamics in a research report on Wednesday, June 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $400.00 target price on shares of General Dynamics in a research report on Wednesday. Jefferies Financial Group set a $325.00 target price on General Dynamics and gave the company a “hold” rating in a research report on Wednesday, July 9th. Finally, Sanford C. Bernstein set a $314.00 price target on General Dynamics and gave the company a “market perform” rating in a research note on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $319.00.

General Dynamics Company 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.