General Dynamics Corporation $GD Stock Holdings Boosted by Salomon & Ludwin LLC

Salomon & Ludwin LLC lifted its position in shares of General Dynamics Corporation (NYSE:GD) by 70.4% in the 2nd quarter, Holdings Channel reports. The fund owned 121 shares of the aerospace company’s stock after buying an additional 50 shares during the period. Salomon & Ludwin LLC’s holdings in General Dynamics were worth $36,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Inlight Wealth Management LLC bought a new position in General Dynamics in the 1st quarter valued at about $26,000. Smallwood Wealth Investment Management LLC bought a new position in General Dynamics in the 1st quarter valued at about $27,000. Quarry LP grew its position in 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 buying an additional 94 shares in the last quarter. Abound Financial LLC bought a new position in General Dynamics in the 1st quarter valued at about $32,000. Finally, Harbor Asset Planning Inc. bought a new position in General Dynamics in the 2nd quarter valued at about $35,000. Institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Sanford C. Bernstein set a $314.00 price target on shares of General Dynamics and gave the company a “market perform” rating in a report on Monday, July 14th. TD Cowen upped their price target 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. Jefferies Financial Group set a $325.00 price target on shares of General Dynamics and gave the company a “hold” rating in a report on Wednesday, July 9th. Citigroup upped their price target on shares of General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Finally, Barclays upped their price target on shares of General Dynamics from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, General Dynamics currently has an average rating of “Hold” and a consensus price target of $327.44.

General Dynamics Price Performance

GD stock opened at $331.33 on Monday. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. General Dynamics Corporation has a one year low of $239.20 and a one year high of $347.37. The firm has a market capitalization of $89.12 billion, a PE ratio of 22.24, a P/E/G ratio of 2.04 and a beta of 0.47. The firm has a 50-day moving average of $326.86 and a two-hundred day moving average of $299.26.

General Dynamics (NYSE:GD) last issued 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 company had revenue of $13.04 billion for the quarter, compared to the consensus estimate of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The firm 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 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 currently 40.27%.

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 stock was sold at an average price of $321.18, for a total value of $2,617,617.00. Following the transaction, the vice president owned 22,818 shares in the company, valued at $7,328,685.24. This represents a 26.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP William A. Moss sold 17,700 shares of the company’s stock in a transaction dated 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 owned 16,627 shares in the company, valued at $5,260,782.80. This represents a 51.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 275,020 shares of company stock worth $86,414,503 over the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

General Dynamics Company 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.