Unison Advisors LLC Grows Stock Holdings in General Dynamics Corporation $GD

Unison Advisors LLC boosted its holdings in shares of General Dynamics Corporation (NYSE:GD) by 0.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,111 shares of the aerospace company’s stock after purchasing an additional 96 shares during the quarter. General Dynamics comprises about 0.6% of Unison Advisors LLC’s investment portfolio, making the stock its 24th largest position. Unison Advisors LLC’s holdings in General Dynamics were worth $4,991,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Stephens Inc. AR raised its stake in General Dynamics by 8.0% during the second quarter. Stephens Inc. AR now owns 19,217 shares of the aerospace company’s stock valued at $5,605,000 after purchasing an additional 1,431 shares in the last quarter. Balboa Wealth Partners raised its stake in shares of General Dynamics by 10.8% in the second quarter. Balboa Wealth Partners now owns 1,453 shares of the aerospace company’s stock valued at $424,000 after acquiring an additional 142 shares during the period. Cidel Asset Management Inc. raised its stake in shares of General Dynamics by 3.3% in the second quarter. Cidel Asset Management Inc. now owns 2,216 shares of the aerospace company’s stock valued at $646,000 after acquiring an additional 70 shares during the period. Salomon & Ludwin LLC raised its stake in shares of General Dynamics by 70.4% in the second quarter. Salomon & Ludwin LLC now owns 121 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 50 shares during the period. Finally, Crux Wealth Advisors raised its stake in shares of General Dynamics by 67.9% in the second quarter. Crux Wealth Advisors now owns 3,787 shares of the aerospace company’s stock valued at $1,105,000 after acquiring an additional 1,531 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Insider Buying and Selling at General Dynamics

In other General Dynamics news, EVP Mark Lagrand Burns sold 43,860 shares of the firm’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $312.28, for a total transaction of $13,696,600.80. Following the transaction, the executive vice president owned 39,875 shares of the company’s stock, valued at approximately $12,452,165. This trade represents a 52.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP William A. Moss sold 17,700 shares of the firm’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the transaction, the vice president directly owned 16,627 shares in the company, valued at $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 ninety days, insiders have sold 275,020 shares of company stock worth $86,414,503. 1.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GD. Cowen reissued a “buy” rating on shares of General Dynamics in a research note on Wednesday, June 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $400.00 target price on shares of General Dynamics in a research note on Wednesday, October 8th. TD Cowen increased their target price on shares of General Dynamics from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. Morgan Stanley increased their target price on shares of General Dynamics from $328.00 to $360.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 15th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of General Dynamics in a research note on Wednesday, October 8th. 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. Based on data from MarketBeat.com, General Dynamics currently has an average rating of “Hold” and a consensus target price of $327.44.

General Dynamics Trading Up 0.2%

GD stock opened at $331.33 on Monday. The company has a market capitalization of $89.12 billion, a PE ratio of 22.24, a P/E/G ratio of 2.04 and a beta of 0.47. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $347.37. The firm’s 50-day moving average is $326.86 and its 200 day moving average is $299.26. 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 (NYSE:GD) last posted 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. The business had revenue of $13.04 billion for 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% on a year-over-year basis. During the same quarter last year, the firm posted $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, research analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. General Dynamics’s dividend payout ratio (DPR) 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.