Wilmington Savings Fund Society FSB Acquires 124 Shares of General Dynamics Corporation $GD

Wilmington Savings Fund Society FSB grew its holdings in General Dynamics Corporation (NYSE:GD) by 3.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,360 shares of the aerospace company’s stock after purchasing an additional 124 shares during the period. Wilmington Savings Fund Society FSB’s holdings in General Dynamics were worth $980,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Morningstar Investment Management LLC bought a new stake in shares of General Dynamics in the 2nd quarter worth $1,170,000. RFG Advisory LLC lifted its holdings in General Dynamics by 48.1% in the second quarter. RFG Advisory LLC now owns 3,165 shares of the aerospace company’s stock valued at $923,000 after acquiring an additional 1,028 shares during the period. Perfromance Wealth Partners LLC boosted its position in General Dynamics by 45.1% in the second quarter. Perfromance Wealth Partners LLC now owns 2,264 shares of the aerospace company’s stock worth $660,000 after purchasing an additional 704 shares during the last quarter. Axxcess Wealth Management LLC grew its stake in shares of General Dynamics by 7.5% during the 2nd quarter. Axxcess Wealth Management LLC now owns 7,349 shares of the aerospace company’s stock valued at $2,144,000 after purchasing an additional 513 shares during the period. Finally, Revolve Wealth Partners LLC increased its position in shares of General Dynamics by 8.5% during the 2nd quarter. Revolve Wealth Partners LLC now owns 930 shares of the aerospace company’s stock valued at $271,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Cowen reissued a “buy” rating on shares of General Dynamics in a report on Wednesday, June 25th. Wolfe Research upped their target price 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 upped their target price on shares of General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. TD Cowen upped their target price on shares of General Dynamics from $290.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, June 25th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a research report on Wednesday, October 8th. One equities 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 given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $327.44.

General Dynamics Price Performance

Shares of General Dynamics stock opened at $330.63 on Friday. The stock’s 50-day simple moving average is $326.51 and its 200-day simple moving average is $298.49. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $347.37. The company has a market capitalization of $88.94 billion, a price-to-earnings ratio of 22.19, 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.

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

General Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, October 10th. General Dynamics’s payout ratio is presently 40.27%.

Insiders Place Their Bets

In other news, EVP Marguerite Amy Gilliland sold 33,740 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $315.20, for a total value of $10,634,848.00. Following the transaction, the executive vice president directly owned 45,192 shares in the company, valued at $14,244,518.40. The trade was a 42.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP William A. Moss sold 17,700 shares of the business’s 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. The trade was a 51.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 275,020 shares of company stock valued at $86,414,503. Insiders own 1.50% of the company’s stock.

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.