General Dynamics Corporation $GD Shares Sold by Fiduciary Wealth Partners LLC

Fiduciary Wealth Partners LLC reduced its position in shares of General Dynamics Corporation (NYSE:GD) by 76.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 281 shares of the aerospace company’s stock after selling 909 shares during the period. Fiduciary Wealth Partners LLC’s holdings in General Dynamics were worth $82,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC acquired a new position in General Dynamics in the 1st quarter worth $27,000. Quarry LP increased its position in shares of 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 acquiring an additional 94 shares during the last quarter. Abound Financial LLC acquired a new position in shares of General Dynamics in the first quarter worth about $32,000. Harbor Asset Planning Inc. purchased a new position in General Dynamics in the second quarter valued at about $35,000. Finally, Nova Wealth Management Inc. acquired a new stake in General Dynamics during the 1st quarter valued at approximately $33,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Mark Malcolm sold 3,220 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the completion of the transaction, the director owned 10,186 shares of the company’s stock, valued at approximately $3,355,777.70. The trade was a 24.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP William A. Moss sold 17,700 shares of the company’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the transaction, the vice president 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 quarter, insiders have sold 242,460 shares of company stock worth $76,192,291. 1.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wall Street Zen raised General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Wolfe Research upped their price target on shares of General Dynamics from $360.00 to $400.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. UBS Group raised their price objective on shares of General Dynamics from $309.00 to $333.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. boosted their target price 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. Finally, The Goldman Sachs Group upped their target price on shares of General Dynamics from $280.00 to $293.00 and gave the company a “sell” rating in a research note on Friday, October 10th. 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, the stock presently has an average rating of “Hold” and a consensus price target of $327.44.

General Dynamics Stock Up 2.6%

GD stock opened at $350.22 on Friday. The firm has a market cap of $94.20 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 2.16 and a beta of 0.47. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $360.50. The firm has a fifty day moving average price of $329.49 and a two-hundred day moving average price of $302.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, beating the consensus estimate of $3.69 by $0.19. The business had revenue of $12.91 billion during the quarter, compared to analyst estimates of $12.49 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the business posted $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Research analysts predict that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, October 10th. General Dynamics’s dividend payout ratio 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.