WESPAC Advisors SoCal LLC Acquires 526 Shares of General Dynamics Corporation $GD

WESPAC Advisors SoCal LLC lifted its position in shares of General Dynamics Corporation (NYSE:GD) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,574 shares of the aerospace company’s stock after purchasing an additional 526 shares during the period. WESPAC Advisors SoCal LLC’s holdings in General Dynamics were worth $6,292,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Bogart Wealth LLC lifted its position in shares of General Dynamics by 1.4% during the second quarter. Bogart Wealth LLC now owns 30,655 shares of the aerospace company’s stock valued at $8,941,000 after purchasing an additional 409 shares in the last quarter. Drive Wealth Management LLC lifted its position in shares of General Dynamics by 5.6% during the second quarter. Drive Wealth Management LLC now owns 1,463 shares of the aerospace company’s stock valued at $427,000 after purchasing an additional 78 shares in the last quarter. Princeton Global Asset Management LLC lifted its position in shares of General Dynamics by 30.4% during the second quarter. Princeton Global Asset Management LLC now owns 176 shares of the aerospace company’s stock valued at $51,000 after purchasing an additional 41 shares in the last quarter. Crewe Advisors LLC lifted its position in shares of General Dynamics by 10.9% during the second quarter. Crewe Advisors LLC now owns 347 shares of the aerospace company’s stock valued at $101,000 after purchasing an additional 34 shares in the last quarter. Finally, WBH Advisory Inc. lifted its position in shares of General Dynamics by 24.2% during the second quarter. WBH Advisory Inc. now owns 1,028 shares of the aerospace company’s stock valued at $300,000 after purchasing an additional 200 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research report on Wednesday, October 8th. Wall Street Zen raised shares of General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. JPMorgan Chase & Co. lifted their price objective on shares of General Dynamics from $284.00 to $345.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Morgan Stanley lifted their price objective on shares of General Dynamics from $328.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 15th. Finally, Cowen reaffirmed a “buy” rating on shares of General Dynamics in a research report on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, General Dynamics presently has an average rating of “Hold” and an average target price of $327.44.

Insider Transactions at General Dynamics

In other news, VP William A. Moss sold 17,700 shares of General Dynamics 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 trade represents a 51.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of the business’s stock in a transaction that occurred on 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 transaction, the vice president directly owned 22,818 shares of the company’s stock, valued at approximately $7,328,685.24. This represents a 26.32% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 275,020 shares of company stock valued at $86,414,503. 1.50% of the stock is currently owned by insiders.

General Dynamics Price Performance

GD opened at $337.34 on Tuesday. The company has a market capitalization of $90.74 billion, a price-to-earnings ratio of 22.64, 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. The firm has a 50-day moving average price of $327.31 and a 200-day moving average price of $299.87. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $347.37.

General Dynamics (NYSE:GD) last posted its earnings results 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. The firm 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 company’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the company earned $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Equities analysts expect that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

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

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.