Gladwyn Financial Advisors Inc. Makes New $1.60 Million Investment in General Dynamics Corporation $GD

Gladwyn Financial Advisors Inc. acquired a new position in shares of General Dynamics Corporation (NYSE:GD) in the second quarter, HoldingsChannel.com reports. The firm acquired 5,480 shares of the aerospace company’s stock, valued at approximately $1,598,000. General Dynamics accounts for 1.2% of Gladwyn Financial Advisors Inc.’s investment portfolio, making the stock its 24th biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GD. Inlight Wealth Management LLC bought a new position in General Dynamics during the first quarter worth $26,000. Smallwood Wealth Investment Management LLC bought a new position in General Dynamics during the first quarter worth $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 $32,000. Finally, Nova Wealth Management Inc. bought a new position in General Dynamics during the first quarter worth $33,000. 86.14% of the stock is owned by institutional investors.

Insider Transactions at General Dynamics

In other news, EVP Mark Lagrand Burns sold 43,860 shares of the company’s 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 owned 39,875 shares of the company’s stock, valued at $12,452,165. This represents a 52.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP William A. Moss sold 17,700 shares of the company’s 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 completion of the transaction, the vice president directly owned 16,627 shares of the company’s stock, valued at $5,260,782.80. This represents a 51.56% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 275,020 shares of company stock valued at $86,414,503. 1.50% of the stock is owned by company insiders.

General Dynamics Trading Up 0.2%

GD opened at $331.33 on Friday. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $347.37. The company has a 50-day simple moving average of $326.86 and a 200 day simple moving average of $299.05. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $89.12 billion, a price-to-earnings ratio of 22.24, a P/E/G ratio of 2.04 and a beta of 0.47.

General Dynamics (NYSE:GD) last posted its quarterly earnings data 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 net margin of 8.13% and a return on equity of 17.99%. The business had revenue of $13.04 billion during the quarter, compared to analysts’ expectations of $12.13 billion. During the same quarter in the prior year, the business posted $3.26 earnings per share. General Dynamics’s revenue 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. Analysts predict that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.8%. General Dynamics’s dividend payout ratio is 40.27%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research report on Wednesday, October 8th. UBS Group boosted their target price on shares of General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $400.00 target price on shares of General Dynamics in a research report on Wednesday, October 8th. Seaport Res Ptn raised shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Finally, The Goldman Sachs Group boosted their target price on shares of General Dynamics from $280.00 to $293.00 and gave the company a “sell” rating in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $327.44.

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.