General Dynamics Corporation $GD Shares Acquired by Private Wealth Asset Management LLC

Private Wealth Asset Management LLC increased its position in General Dynamics Corporation (NYSE:GD) by 8.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,194 shares of the aerospace company’s stock after buying an additional 237 shares during the period. Private Wealth Asset Management LLC’s holdings in General Dynamics were worth $931,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of GD. Brighton Jones LLC raised its position in shares of General Dynamics by 16.9% in the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after buying an additional 417 shares during the last quarter. GAMMA Investing LLC raised its position in shares of General Dynamics by 27.2% in the first quarter. GAMMA Investing LLC now owns 4,566 shares of the aerospace company’s stock valued at $1,245,000 after buying an additional 977 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of General Dynamics by 16.1% in the first quarter. Exchange Traded Concepts LLC now owns 901 shares of the aerospace company’s stock valued at $246,000 after buying an additional 125 shares during the last quarter. Optas LLC acquired a new position in General Dynamics during the first quarter worth approximately $207,000. Finally, Sowell Financial Services LLC acquired a new position in General Dynamics during the first quarter worth approximately $862,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Mark Lagrand Burns sold 43,860 shares of the company’s stock in a transaction 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 in the company, valued at approximately $12,452,165. This represents a 52.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the company’s stock in a transaction 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 trade represents a 42.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 275,020 shares of company stock valued at $86,414,503. Corporate insiders own 1.50% of the company’s stock.

General Dynamics Price Performance

General Dynamics stock opened at $335.52 on Wednesday. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $347.37. The firm has a fifty day moving average of $325.81 and a 200-day moving average of $297.86. The firm has a market capitalization of $90.25 billion, a P/E ratio of 22.52, a PEG ratio of 2.06 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.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.27. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The company had revenue of $13.04 billion during the quarter, compared to analyst estimates of $12.13 billion. During the same quarter in the prior year, the business earned $3.26 earnings per share. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, analysts predict that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The company 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 is 40.27%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on GD shares. Susquehanna upped their price target on shares of General Dynamics from $315.00 to $365.00 and gave the stock a “positive” rating in a research report on Thursday, July 24th. Wall Street Zen raised shares of General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Cowen reaffirmed a “buy” rating on shares of General Dynamics in a research report on Wednesday, June 25th. UBS Group upped their price target on shares of General Dynamics from $309.00 to $333.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Finally, Jefferies Financial Group set a $325.00 price target on shares of General Dynamics and gave the stock a “hold” rating in a research report on Wednesday, July 9th. 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 given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $324.11.

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.