Second Half Financial Partners LLC Purchases Shares of 2,936 General Dynamics Corporation $GD

Second Half Financial Partners LLC purchased a new stake in General Dynamics Corporation (NYSE:GD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,936 shares of the aerospace company’s stock, valued at approximately $856,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. CWM LLC increased its holdings in shares of General Dynamics by 9.4% during the second quarter. CWM LLC now owns 73,022 shares of the aerospace company’s stock valued at $21,298,000 after acquiring an additional 6,279 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of General Dynamics by 28.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 35,100 shares of the aerospace company’s stock valued at $10,242,000 after acquiring an additional 7,874 shares in the last quarter. Tranquility Partners LLC increased its holdings in shares of General Dynamics by 3.5% during the second quarter. Tranquility Partners LLC now owns 1,098 shares of the aerospace company’s stock valued at $320,000 after acquiring an additional 37 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of General Dynamics by 19.6% during the second quarter. Concurrent Investment Advisors LLC now owns 18,841 shares of the aerospace company’s stock valued at $5,495,000 after acquiring an additional 3,089 shares in the last quarter. Finally, Johnson Investment Counsel Inc. increased its holdings in shares of General Dynamics by 17.2% during the second quarter. Johnson Investment Counsel Inc. now owns 4,268 shares of the aerospace company’s stock valued at $1,245,000 after acquiring an additional 625 shares in the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at General Dynamics

In other General Dynamics news, EVP Mark Lagrand Burns sold 43,860 shares of the company’s stock in a transaction on Monday, July 28th. The stock was 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 owned 39,875 shares in the company, valued at $12,452,165. This represents a 52.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $321.18, for a total value of $2,617,617.00. Following the completion of the transaction, the vice president owned 22,818 shares of the company’s stock, valued at $7,328,685.24. This trade represents a 26.32% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 275,020 shares of company stock worth $86,414,503. Company insiders own 1.50% of the company’s stock.

General Dynamics Trading Down 2.8%

NYSE GD opened at $333.03 on Friday. The firm has a market capitalization of $89.58 billion, a P/E ratio of 22.35, a PEG ratio of 2.04 and a beta of 0.47. The business has a fifty day simple moving average of $324.93 and a 200 day simple moving average of $296.94. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $347.37. 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 announced its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $0.27. The firm had revenue of $13.04 billion during the quarter, compared to the consensus estimate of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, analysts predict that General Dynamics Corporation will post 14.83 EPS 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. Shareholders 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 yield of 1.8%. The ex-dividend date is Friday, October 10th. General Dynamics’s dividend payout ratio is 40.27%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GD. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a report on Wednesday. Cowen restated a “buy” rating on shares of General Dynamics in a report on Wednesday, June 25th. Robert W. Baird boosted their price objective on General Dynamics from $283.00 to $350.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. TD Cowen increased 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. Finally, Citigroup increased their price target on General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. One equities research 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $319.00.

General Dynamics Company Profile

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.