PDS Planning Inc Acquires 69 Shares of General Dynamics Corporation $GD

PDS Planning Inc grew its holdings in shares of General Dynamics Corporation (NYSE:GD) by 5.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,290 shares of the aerospace company’s stock after purchasing an additional 69 shares during the quarter. PDS Planning Inc’s holdings in General Dynamics were worth $376,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC bought a new position in General Dynamics during the first quarter worth about $26,000. Smallwood Wealth Investment Management LLC bought a new position in General Dynamics during the first quarter worth about $27,000. Quarry LP boosted its position in General Dynamics by 783.3% during 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 during the first quarter worth about $32,000. Finally, Nova Wealth Management Inc. bought a new position in General Dynamics during the first quarter worth about $33,000. Institutional investors own 86.14% of the company’s stock.

General Dynamics Trading Down 2.8%

Shares of GD opened at $333.03 on Monday. The firm’s 50 day simple moving average is $324.93 and its 200 day simple moving average is $297.14. The company has a market capitalization of $89.58 billion, a P/E ratio of 22.35, a P/E/G ratio of 2.05 and a beta of 0.47. 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.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.27. The business had revenue of $13.04 billion for the quarter, compared to the consensus estimate of $12.13 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. General Dynamics’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the firm posted $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Sell-side analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

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

Insider Activity

In other General Dynamics news, CEO Phebe N. Novakovic sold 129,090 shares of General Dynamics stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the transaction, the chief executive officer directly owned 769,607 shares of the company’s stock, valued at approximately $241,325,666.99. This trade represents a 14.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $10,634,848.00. Following the transaction, the executive vice president directly owned 45,192 shares in the company, valued at $14,244,518.40. This trade represents a 42.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 275,020 shares of company stock valued at $86,414,503. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on GD. UBS Group increased their target price on shares of General Dynamics from $309.00 to $333.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a research report on Wednesday, October 8th. Robert W. Baird raised their price objective on shares of General Dynamics from $283.00 to $350.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $400.00 price objective on shares of General Dynamics in a research report on Wednesday. Finally, The Goldman Sachs Group raised their price objective on shares of General Dynamics from $280.00 to $293.00 and gave the company a “sell” rating in a research report on Friday. One investment 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.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $324.11.

About General Dynamics

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.