Beaumont Asset Management L.L.C. Purchases 95 Shares of General Dynamics Corporation $GD

Beaumont Asset Management L.L.C. boosted its position in General Dynamics Corporation (NYSE:GD) by 1.6% during the second quarter, HoldingsChannel reports. The fund owned 6,055 shares of the aerospace company’s stock after buying an additional 95 shares during the quarter. General Dynamics comprises 0.9% of Beaumont Asset Management L.L.C.’s holdings, making the stock its 22nd biggest position. Beaumont Asset Management L.L.C.’s holdings in General Dynamics were worth $1,766,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Columbus Macro LLC raised its stake in General Dynamics by 22.3% in the 2nd quarter. Columbus Macro LLC now owns 8,611 shares of the aerospace company’s stock valued at $2,512,000 after acquiring an additional 1,569 shares during the period. Optas LLC increased its position in shares of General Dynamics by 16.0% during the second quarter. Optas LLC now owns 879 shares of the aerospace company’s stock valued at $256,000 after buying an additional 121 shares during the period. Eagle Strategies LLC bought a new stake in shares of General Dynamics during the second quarter valued at about $211,000. WoodTrust Financial Corp increased its position in shares of General Dynamics by 1.8% during the second quarter. WoodTrust Financial Corp now owns 23,410 shares of the aerospace company’s stock valued at $6,828,000 after buying an additional 411 shares during the period. Finally, NBT Bank N A NY increased its position in shares of General Dynamics by 4.0% during the second quarter. NBT Bank N A NY now owns 18,146 shares of the aerospace company’s stock valued at $5,292,000 after buying an additional 703 shares during the period. 86.14% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Marguerite Amy Gilliland sold 33,740 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the completion of the sale, the executive vice president owned 45,192 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this hyperlink. Also, VP William A. Moss sold 17,700 shares of the stock in a transaction that occurred on 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 sale, the vice president directly owned 16,627 shares of the company’s stock, valued at approximately $5,260,782.80. This trade represents a 51.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 275,020 shares of company stock valued at $86,414,503. Corporate insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on GD. Susquehanna upped their price target on General Dynamics from $315.00 to $365.00 and gave the company a “positive” rating in a research report on Thursday, July 24th. TD Cowen upped their price target on General Dynamics from $290.00 to $300.00 and gave the company a “buy” rating in a research 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 upped their price objective 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, Seaport Res Ptn upgraded shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $319.00.

General Dynamics Stock Up 0.9%

Shares of GD opened at $346.45 on Thursday. The firm has a market cap of $93.19 billion, a P/E ratio of 23.25, a P/E/G ratio of 2.10 and a beta of 0.47. The stock has a 50 day simple moving average of $323.85 and a two-hundred day simple moving average of $295.77. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $347.37.

General Dynamics (NYSE:GD) last issued its earnings results 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. The business had revenue of $13.04 billion during the quarter, compared to analyst estimates of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.General Dynamics’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently disclosed 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. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s dividend payout ratio is 40.27%.

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.