General Dynamics Corporation $GD Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC grew its holdings in General Dynamics Corporation (NYSE:GD) by 19.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 18,841 shares of the aerospace company’s stock after buying an additional 3,089 shares during the period. Concurrent Investment Advisors LLC’s holdings in General Dynamics were worth $5,495,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of GD. Inlight Wealth Management LLC acquired a new position in shares of General Dynamics in the 1st quarter valued at $26,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of General Dynamics in the 1st quarter valued at $27,000. Quarry LP lifted its stake in shares of General Dynamics by 783.3% in the 1st 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. Abound Financial LLC acquired a new position in shares of General Dynamics in the 1st quarter valued at $32,000. Finally, Nova Wealth Management Inc. acquired a new position in shares of General Dynamics in the 1st quarter valued at $33,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Phebe N. Novakovic sold 129,090 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $313.57, for a total value of $40,478,751.30. Following the transaction, the chief executive officer owned 769,607 shares in the company, valued at approximately $241,325,666.99. This represents a 14.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Christopher J. Brady sold 8,150 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $321.18, for a total value of $2,617,617.00. Following the completion of the transaction, the vice president owned 22,818 shares in the company, valued at approximately $7,328,685.24. The trade was a 26.32% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 275,020 shares of company stock worth $86,414,503. 1.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GD has been the topic of several recent analyst reports. Barclays upped their price target on General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Seaport Res Ptn raised General Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $400.00 target price on shares of General Dynamics in a research note on Wednesday. TD Cowen increased their target price on General Dynamics from $290.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, June 25th. Finally, Sanford C. Bernstein set a $314.00 target price on General Dynamics and gave the stock 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 issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $324.11.

General Dynamics Price Performance

Shares of NYSE GD opened at $333.03 on Monday. The stock’s 50-day moving average is $324.93 and its two-hundred day moving average is $297.14. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $347.37. The company has a market cap of $89.58 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 2.05 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 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.27. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The company had revenue of $13.04 billion for the quarter, compared to the consensus estimate of $12.13 billion. During the same quarter in the prior year, the business earned $3.26 EPS. General Dynamics’s revenue was up 8.9% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

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

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.