General Dynamics Corporation $GD Shares Purchased by TruWealth Advisors LLC

TruWealth Advisors LLC grew its position in shares of General Dynamics Corporation (NYSE:GD) by 82.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 48,033 shares of the aerospace company’s stock after purchasing an additional 21,696 shares during the quarter. TruWealth Advisors LLC’s holdings in General Dynamics were worth $16,379,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the company. Quarry LP lifted its holdings 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 acquiring an additional 94 shares during the last quarter. Vermillion & White Wealth Management Group LLC boosted its holdings in General Dynamics by 80.3% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 110 shares of the aerospace company’s stock worth $32,000 after buying an additional 49 shares in the last quarter. Nova Wealth Management Inc. acquired a new position in General Dynamics in the first quarter worth approximately $33,000. NewSquare Capital LLC lifted its holdings in shares of General Dynamics by 64.7% during the second quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 44 shares during the last quarter. Finally, Harbor Asset Planning Inc. acquired a new position in shares of General Dynamics in the second quarter worth about $35,000. Institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GD shares. Argus boosted their price target on shares of General Dynamics from $345.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. Wolfe Research lifted their target price on General Dynamics from $360.00 to $400.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. JPMorgan Chase & Co. increased their price target on shares of General Dynamics from $345.00 to $380.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Susquehanna raised their price target on shares of General Dynamics from $365.00 to $406.00 and gave the stock a “positive” rating in a report on Monday, October 27th. Finally, Morgan Stanley set a $385.00 price objective on shares of General Dynamics in a research note on Monday, October 27th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $358.25.

General Dynamics Stock Up 1.0%

General Dynamics stock opened at $340.96 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $360.50. The firm’s fifty day simple moving average is $340.99 and its 200-day simple moving average is $319.58. The company has a market capitalization of $92.10 billion, a P/E ratio of 22.10, a P/E/G ratio of 1.68 and a beta of 0.40.

General Dynamics (NYSE:GD) last announced its earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.69 by $0.19. The firm had revenue of $12.91 billion during the quarter, compared to analysts’ expectations of $12.49 billion. General Dynamics had a return on equity of 18.27% and a net margin of 8.18%.The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Sell-side analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 16th will be paid a dividend of $1.50 per share. The ex-dividend date is Friday, January 16th. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. General Dynamics’s payout ratio is currently 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.