QTR Family Wealth LLC Invests $243,000 in General Dynamics Corporation $GD

QTR Family Wealth LLC bought a new position in General Dynamics Corporation (NYSE:GD) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 832 shares of the aerospace company’s stock, valued at approximately $243,000.

A number of other hedge funds have also added to or reduced their stakes in GD. Rialto Wealth Management LLC increased its holdings in General Dynamics by 213.8% during the 1st quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 62 shares in the last quarter. Inlight Wealth Management LLC purchased a new position in shares of General Dynamics during the first quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC bought a new stake in General Dynamics during the first quarter worth $27,000. Quarry LP raised its position 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 buying an additional 94 shares during the last quarter. Finally, Perkins Coie Trust Co raised its position in General Dynamics by 80.0% in the 1st quarter. Perkins Coie Trust Co now owns 117 shares of the aerospace company’s stock valued at $32,000 after buying an additional 52 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

General Dynamics Trading Up 2.6%

Shares of GD stock opened at $340.73 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. The firm has a market cap of $91.65 billion, a P/E ratio of 22.87, a PEG ratio of 2.04 and a beta of 0.50. The company has a 50 day moving average of $320.30 and a 200-day moving average of $292.74. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $341.02.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share 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 during the quarter, compared to analyst estimates of $12.13 billion. During the same period in the prior year, the company earned $3.26 earnings per share. General Dynamics’s 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. Sell-side analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 annualized dividend and a yield of 1.8%. General Dynamics’s dividend payout ratio (DPR) is 40.27%.

Insiders Place Their Bets

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 33,740 shares of the company’s stock in a transaction dated 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 sale, the executive vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark Malcolm sold 3,220 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the transaction, the director owned 10,186 shares of the company’s stock, valued at $3,355,777.70. This represents a 24.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 275,020 shares of company stock worth $86,414,503 in the last ninety days. 1.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GD. Robert W. Baird upped their target price on shares of General Dynamics from $283.00 to $350.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Cowen restated a “buy” rating on shares of General Dynamics in a report on Wednesday, June 25th. Jefferies Financial Group set a $325.00 price objective on shares of General Dynamics and gave the stock a “hold” rating in a research report on Wednesday, July 9th. Citigroup lifted their target price on shares of General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Finally, Wolfe Research raised General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 price target for the company in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, General Dynamics currently has a consensus rating of “Hold” and a consensus target price of $315.78.

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.