Mitchell Mcleod Pugh & Williams Inc. Purchases 39 Shares of General Dynamics Corporation $GD

Mitchell Mcleod Pugh & Williams Inc. raised its position in shares of General Dynamics Corporation (NYSE:GD) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,986 shares of the aerospace company’s stock after acquiring an additional 39 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in General Dynamics were worth $1,162,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. 1858 Wealth Management LLC boosted its holdings in shares of General Dynamics by 1.0% during the second quarter. 1858 Wealth Management LLC now owns 3,256 shares of the aerospace company’s stock worth $950,000 after acquiring an additional 32 shares during the period. Salvus Wealth Management LLC boosted its stake in shares of General Dynamics by 2.9% in the second quarter. Salvus Wealth Management LLC now owns 1,274 shares of the aerospace company’s stock valued at $372,000 after buying an additional 36 shares during the period. Principal Securities Inc. boosted its stake in shares of General Dynamics by 0.5% in the first quarter. Principal Securities Inc. now owns 8,203 shares of the aerospace company’s stock valued at $2,161,000 after buying an additional 37 shares during the period. Sharpepoint LLC boosted its stake in shares of General Dynamics by 4.2% in the first quarter. Sharpepoint LLC now owns 917 shares of the aerospace company’s stock valued at $249,000 after buying an additional 37 shares during the period. Finally, United Asset Strategies Inc. boosted its stake in shares of General Dynamics by 1.2% in the first quarter. United Asset Strategies Inc. now owns 3,140 shares of the aerospace company’s stock valued at $856,000 after buying an additional 37 shares during the period. Institutional investors own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

GD has been the subject of several recent research reports. Wolfe Research boosted their price target on General Dynamics from $360.00 to $400.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Jefferies Financial Group set a $325.00 price target on General Dynamics and gave the company a “hold” rating in a research note on Wednesday, July 9th. TD Cowen boosted their price target on General Dynamics from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a research note on Wednesday, October 8th. Finally, Citigroup boosted their price objective on shares of General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. One investment 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 assigned a Sell rating to the company. According to data from MarketBeat, General Dynamics has an average rating of “Hold” and a consensus target price of $324.11.

Insider Activity at General Dynamics

In other news, 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 transaction of $2,617,617.00. Following the completion of the transaction, the vice president directly owned 22,818 shares in the company, valued at approximately $7,328,685.24. This represents a 26.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP William A. Moss sold 17,700 shares of the company’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the transaction, the vice president owned 16,627 shares of the company’s stock, valued at $5,260,782.80. This trade represents a 51.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 275,020 shares of company stock valued at $86,414,503. 1.50% of the stock is owned by company insiders.

General Dynamics Stock Up 0.3%

Shares of GD opened at $335.52 on Wednesday. General Dynamics Corporation has a one year low of $239.20 and a one year high of $347.37. The company has a market cap of $90.25 billion, a P/E ratio of 22.52, a P/E/G ratio of 2.06 and a beta of 0.47. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. The firm has a 50 day simple moving average of $325.81 and a two-hundred day simple moving average of $297.86.

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

General Dynamics Dividend Announcement

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

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.