Beverly Hills Private Wealth LLC Sells 149 Shares of General Dynamics Corporation $GD

Beverly Hills Private Wealth LLC decreased its position in shares of General Dynamics Corporation (NYSE:GD) by 11.5% during the second quarter, HoldingsChannel reports. The fund owned 1,146 shares of the aerospace company’s stock after selling 149 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in General Dynamics were worth $334,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Retirement Guys Formula LLC purchased a new stake in shares of General Dynamics during the first quarter valued at $1,692,000. Global Wealth Management Investment Advisory Inc. boosted its stake in shares of General Dynamics by 11.5% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 16,522 shares of the aerospace company’s stock valued at $4,504,000 after purchasing an additional 1,704 shares during the period. Pinnacle Financial Partners Inc boosted its stake in shares of General Dynamics by 1.5% during the first quarter. Pinnacle Financial Partners Inc now owns 63,228 shares of the aerospace company’s stock valued at $16,741,000 after purchasing an additional 915 shares during the period. AssuredPartners Investment Advisors LLC boosted its stake in shares of General Dynamics by 89.0% during the first quarter. AssuredPartners Investment Advisors LLC now owns 4,815 shares of the aerospace company’s stock valued at $1,312,000 after purchasing an additional 2,268 shares during the period. Finally, Marks Group Wealth Management Inc boosted its stake in shares of General Dynamics by 18.1% during the first quarter. Marks Group Wealth Management Inc now owns 31,620 shares of the aerospace company’s stock valued at $8,619,000 after purchasing an additional 4,836 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wolfe Research upped their price objective on shares of General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Susquehanna upped their price objective on shares of General Dynamics from $315.00 to $365.00 and gave the stock a “positive” rating in a research note on Thursday, July 24th. Barclays upped their price objective on shares of General Dynamics from $285.00 to $350.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Seaport Res Ptn raised shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Finally, Citigroup upped their price objective on shares of General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $327.44.

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $337.34 on Tuesday. The company has a market capitalization of $90.74 billion, a PE ratio of 22.64, a P/E/G ratio of 2.04 and a beta of 0.47. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36. The company has a 50-day simple moving average of $327.31 and a two-hundred day simple moving average of $299.87. General Dynamics Corporation has a one year low of $239.20 and a one year high of $347.37.

General Dynamics (NYSE:GD) last announced its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.27. The business had revenue of $13.04 billion during 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%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Research analysts expect that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

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

Insider Transactions at General Dynamics

In related news, EVP Mark Lagrand Burns sold 43,860 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were 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 directly owned 39,875 shares of the company’s stock, valued at $12,452,165. This trade represents a 52.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction 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. The trade was a 51.56% 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 worth $86,414,503 over the last ninety days. 1.50% of the stock is currently owned by insiders.

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.