Burney Co. Purchases 1,179 Shares of General Dynamics Corporation $GD

Burney Co. raised its position in shares of General Dynamics Corporation (NYSE:GD) by 8.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,784 shares of the aerospace company’s stock after acquiring an additional 1,179 shares during the quarter. Burney Co.’s holdings in General Dynamics were worth $4,603,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. 1858 Wealth Management LLC grew its stake in shares of General Dynamics by 1.0% in the 2nd quarter. 1858 Wealth Management LLC now owns 3,256 shares of the aerospace company’s stock valued at $950,000 after buying an additional 32 shares during the period. Nicholson Wealth Management Group LLC grew its stake in shares of General Dynamics by 0.5% in the 2nd quarter. Nicholson Wealth Management Group LLC now owns 6,582 shares of the aerospace company’s stock valued at $1,920,000 after buying an additional 33 shares during the period. Gilbert & Cook Inc. grew its stake in shares of General Dynamics by 1.4% in the 2nd quarter. Gilbert & Cook Inc. now owns 2,389 shares of the aerospace company’s stock valued at $697,000 after buying an additional 33 shares during the period. Crewe Advisors LLC grew its stake in shares of General Dynamics by 10.9% in the 2nd quarter. Crewe Advisors LLC now owns 347 shares of the aerospace company’s stock valued at $101,000 after buying an additional 34 shares during the period. Finally, CVA Family Office LLC grew its stake in shares of General Dynamics by 1.5% in the 2nd quarter. CVA Family Office LLC now owns 2,256 shares of the aerospace company’s stock valued at $658,000 after buying an additional 34 shares during the period. Institutional investors own 86.14% of the company’s stock.

Insider Activity at General Dynamics

In related news, CEO Phebe N. Novakovic sold 129,090 shares of General Dynamics stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $313.57, for a total value of $40,478,751.30. Following the completion of the transaction, the chief executive officer directly owned 769,607 shares in the company, valued at approximately $241,325,666.99. The trade was a 14.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of General Dynamics stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the completion of the transaction, the executive vice president owned 45,192 shares of the company’s stock, valued at $14,244,518.40. This represents a 42.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 193,110 shares of company stock worth $60,778,364 over the last 90 days. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on GD shares. The Goldman Sachs Group raised their target price on General Dynamics from $280.00 to $293.00 and gave the company a “sell” rating in a research note on Friday, October 10th. Jefferies Financial Group set a $325.00 target price on General Dynamics and gave the company a “hold” rating in a research note on Wednesday, July 9th. Morgan Stanley set a $385.00 price target on shares of General Dynamics in a research report on Monday, October 27th. 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, Citigroup raised their price target on shares of General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Dynamics presently has a consensus rating of “Moderate Buy” and a consensus price target of $350.89.

General Dynamics Price Performance

General Dynamics stock opened at $341.46 on Tuesday. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $360.50. The company’s 50 day moving average price is $332.93 and its two-hundred day moving average price is $305.41. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29. The stock has a market cap of $92.23 billion, a P/E ratio of 22.13, a P/E/G ratio of 2.05 and a beta of 0.47.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.69 by $0.19. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The company had revenue of $12.91 billion during the quarter, compared to analyst estimates of $12.49 billion. During the same quarter last year, the business posted $3.35 EPS. General Dynamics’s quarterly revenue was up 10.6% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. On average, equities analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

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 paid a dividend of $1.50 per share. 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 38.89%.

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.