1858 Wealth Management LLC Buys 32 Shares of General Dynamics Corporation $GD

1858 Wealth Management LLC raised its stake in General Dynamics Corporation (NYSE:GD) by 1.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,256 shares of the aerospace company’s stock after purchasing an additional 32 shares during the quarter. 1858 Wealth Management LLC’s holdings in General Dynamics were worth $950,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC raised its holdings in shares of General Dynamics by 16.9% during the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after acquiring an additional 417 shares in the last quarter. Pallas Capital Advisors LLC bought a new position in shares of General Dynamics during the first quarter valued at approximately $267,000. Wealthcare Advisory Partners LLC raised its holdings in shares of General Dynamics by 5.6% during the first quarter. Wealthcare Advisory Partners LLC now owns 2,523 shares of the aerospace company’s stock valued at $688,000 after acquiring an additional 133 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of General Dynamics by 27.2% during the first quarter. GAMMA Investing LLC now owns 4,566 shares of the aerospace company’s stock valued at $1,245,000 after acquiring an additional 977 shares in the last quarter. Finally, Simplicity Wealth LLC bought a new position in shares of General Dynamics during the first quarter valued at approximately $224,000. Institutional investors own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In other General Dynamics news, 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 value of $1,060,829.00. Following the transaction, the director owned 10,186 shares of the company’s stock, valued at approximately $3,355,777.70. This represents a 24.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP William A. Moss sold 17,700 shares of the 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 directly owned 16,627 shares in the company, valued at approximately $5,260,782.80. This represents a 51.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 275,020 shares of company stock valued at $86,414,503. 1.50% of the stock is currently owned by corporate insiders.

General Dynamics Price Performance

GD opened at $333.03 on Friday. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $347.37. The company has a market cap of $89.58 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 2.04 and a beta of 0.47. The stock has a fifty day simple moving average of $324.93 and a two-hundred day simple moving average of $296.94. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.27. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The firm had revenue of $13.04 billion for the quarter, compared to analysts’ expectations of $12.13 billion. During the same period in the prior year, the firm posted $3.26 earnings per share. The company’s quarterly 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. Research analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The business 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. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s dividend payout ratio is currently 40.27%.

Analyst Ratings Changes

A number of brokerages recently commented on GD. Susquehanna upped their target price on General Dynamics from $315.00 to $365.00 and gave the company a “positive” rating in a report on Thursday, July 24th. TD Cowen upped their target price on General Dynamics from $290.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, June 25th. UBS Group upped their target price on General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $400.00 price objective on shares of General Dynamics in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $319.00.

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.