Wilmington Savings Fund Society FSB Purchases 124 Shares of General Dynamics Corporation $GD

Wilmington Savings Fund Society FSB grew its position in General Dynamics Corporation (NYSE:GD) by 3.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,360 shares of the aerospace company’s stock after acquiring an additional 124 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in General Dynamics were worth $980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in GD. Inlight Wealth Management LLC bought a new stake in General Dynamics in the 1st quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC bought a new stake in General Dynamics during the first quarter worth approximately $27,000. Quarry LP raised its position in General Dynamics by 783.3% during the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 94 shares during the period. Abound Financial LLC bought a new stake in shares of General Dynamics in the 1st quarter valued at approximately $32,000. Finally, Nova Wealth Management Inc. purchased a new position in shares of General Dynamics in the 1st quarter worth approximately $33,000. Institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling

In related news, VP William A. Moss sold 17,700 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $316.40, for a total value 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 represents a 51.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Phebe N. Novakovic sold 129,090 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $313.57, for a total value of $40,478,751.30. Following the completion of the transaction, the chief executive officer directly owned 769,607 shares in the company, valued at approximately $241,325,666.99. This trade represents a 14.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 275,020 shares of company stock valued at $86,414,503 over the last 90 days. 1.50% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. The Goldman Sachs Group raised their price target on General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a research report on Friday, October 10th. Cowen reissued a “buy” rating on shares of General Dynamics in a research note on Wednesday, June 25th. Wolfe Research lifted their price target on shares of General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Weiss Ratings reissued a “buy (b)” rating on shares of General Dynamics in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group set a $325.00 target price on General Dynamics and gave the company a “hold” rating in a research report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $327.44.

General Dynamics Trading Down 0.4%

GD opened at $330.63 on Friday. The stock has a market cap of $88.94 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 2.04 and a beta of 0.47. The stock’s 50 day moving average price is $326.51 and its 200-day moving average price is $298.49. General Dynamics Corporation has a one year low of $239.20 and a one year high of $347.37. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, beating 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 quarter 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. On average, equities analysts forecast that General Dynamics Corporation will post 14.83 EPS 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 paid 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 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.