Commons Capital LLC Purchases 158 Shares of General Dynamics Corporation $GD

Commons Capital LLC boosted its position in General Dynamics Corporation (NYSE:GD) by 5.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,182 shares of the aerospace company’s stock after acquiring an additional 158 shares during the period. Commons Capital LLC’s holdings in General Dynamics were worth $928,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GD. Harbor Asset Planning Inc. bought a new stake in shares of General Dynamics in the 2nd quarter worth approximately $35,000. Activest Wealth Management lifted its holdings in General Dynamics by 2,388.9% in the second quarter. Activest Wealth Management now owns 224 shares of the aerospace company’s stock worth $65,000 after buying an additional 215 shares during the period. Evernest Financial Advisors LLC bought a new stake in General Dynamics during the 2nd quarter valued at approximately $212,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of General Dynamics during the 2nd quarter worth approximately $244,000. Finally, Tlwm raised its position in shares of General Dynamics by 1.2% in the 2nd quarter. Tlwm now owns 4,193 shares of the aerospace company’s stock worth $1,223,000 after acquiring an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Susquehanna lifted their price target on General Dynamics from $315.00 to $365.00 and gave the company a “positive” rating in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $400.00 target price on shares of General Dynamics in a research report on Wednesday, October 8th. Jefferies Financial Group set a $325.00 price target on shares of General Dynamics and gave the company a “hold” rating in a research report on Wednesday, July 9th. Morgan Stanley upped their price objective on shares of General Dynamics from $328.00 to $360.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, TD Cowen lifted their target price on shares of General Dynamics from $290.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, General Dynamics presently has an average rating of “Hold” and an average target price of $327.44.

Insider Buying and Selling

In other news, VP Christopher J. Brady sold 8,150 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the completion of the sale, the vice president owned 22,818 shares of the company’s stock, valued at $7,328,685.24. This represents a 26.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP William A. Moss sold 17,700 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the completion of the transaction, the vice president directly owned 16,627 shares in the company, valued at approximately $5,260,782.80. The trade was a 51.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 275,020 shares of company stock valued at $86,414,503 over the last ninety days. 1.50% of the stock is owned by insiders.

General Dynamics Stock Performance

Shares of NYSE GD opened at $330.63 on Friday. The firm’s 50-day moving average price is $326.51 and its 200-day moving average price is $298.49. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $347.37. The company has a market cap of $88.94 billion, a PE ratio of 22.19, a PEG ratio of 2.04 and a beta of 0.47. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD) last issued its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $12.13 billion. During the same quarter in the prior year, the firm earned $3.26 earnings per share. The firm’s revenue for the quarter 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, analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The company also recently disclosed 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. 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 payout ratio is presently 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.