General Dynamics Corporation $GD Shares Bought by Mutual Advisors LLC

Mutual Advisors LLC raised its stake in General Dynamics Corporation (NYSE:GD) by 1.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 8,651 shares of the aerospace company’s stock after purchasing an additional 85 shares during the quarter. Mutual Advisors LLC’s holdings in General Dynamics were worth $2,717,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Essex LLC lifted its position in General Dynamics by 0.4% in the second quarter. Essex LLC now owns 11,926 shares of the aerospace company’s stock valued at $3,478,000 after buying an additional 47 shares during the last quarter. Granite Group Advisors LLC increased its stake in General Dynamics by 6.1% during the second quarter. Granite Group Advisors LLC now owns 5,423 shares of the aerospace company’s stock worth $1,582,000 after purchasing an additional 312 shares during the period. Ritholtz Wealth Management increased its stake in General Dynamics by 15.9% during the second quarter. Ritholtz Wealth Management now owns 13,119 shares of the aerospace company’s stock worth $3,826,000 after purchasing an additional 1,797 shares during the period. Private Wealth Asset Management LLC increased its stake in General Dynamics by 8.0% during the second quarter. Private Wealth Asset Management LLC now owns 3,194 shares of the aerospace company’s stock worth $931,000 after purchasing an additional 237 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. increased its stake in General Dynamics by 1.0% during the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,986 shares of the aerospace company’s stock worth $1,162,000 after purchasing an additional 39 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GD. TD Cowen boosted their price target on shares of General Dynamics from $290.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, June 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $400.00 price target on shares of General Dynamics in a research note on Wednesday, October 8th. Sanford C. Bernstein set a $314.00 price target on shares of General Dynamics and gave the stock a “market perform” rating in a research note on Monday, July 14th. Finally, Wall Street Zen upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. One equities 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $327.44.

Insider Buying and Selling

In other General Dynamics news, VP William A. Moss sold 17,700 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $316.40, for a total value of $5,600,280.00. Following the transaction, the vice president directly owned 16,627 shares in the company, valued at $5,260,782.80. This represents a 51.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Phebe N. Novakovic sold 129,090 shares of the 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 completion of the transaction, the chief executive officer owned 769,607 shares in the company, valued at $241,325,666.99. This represents a 14.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 275,020 shares of company stock valued at $86,414,503 over the last three months. 1.50% of the stock is currently owned by insiders.

General Dynamics Stock Down 0.4%

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

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates of $3.47 by $0.27. The firm had revenue of $13.04 billion for 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 business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, equities research analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

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 paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, October 10th. General Dynamics’s dividend payout ratio is currently 40.27%.

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.