WESPAC Advisors SoCal LLC Raises Stock Position in General Dynamics Corporation $GD

WESPAC Advisors SoCal LLC boosted its position in shares of General Dynamics Corporation (NYSE:GD) by 2.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,574 shares of the aerospace company’s stock after acquiring an additional 526 shares during the period. WESPAC Advisors SoCal LLC’s holdings in General Dynamics were worth $6,292,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of GD. Inlight Wealth Management LLC bought a new stake in General Dynamics during the first quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC bought a new stake in General Dynamics during the first quarter valued at approximately $27,000. Quarry LP lifted 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 last quarter. Abound Financial LLC bought a new stake in General Dynamics during the first quarter valued at approximately $32,000. Finally, Nova Wealth Management Inc. bought a new stake in General Dynamics during the first quarter valued at approximately $33,000. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Trading Up 1.9%

NYSE:GD opened at $337.34 on Tuesday. The company has a fifty day moving average of $327.31 and a 200 day moving average of $299.87. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $347.37. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $90.74 billion, a P/E ratio of 22.64, a P/E/G ratio of 2.04 and a beta of 0.47.

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

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be issued a $1.50 dividend. The ex-dividend date 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%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of General Dynamics in a research report on Wednesday, October 8th. Wall Street Zen raised shares of General Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Morgan Stanley upped their price objective 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. The Goldman Sachs Group upped their price objective on shares of General Dynamics from $280.00 to $293.00 and gave the company a “sell” rating in a research note on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $400.00 price objective on shares of General Dynamics in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, General Dynamics presently has a consensus rating of “Hold” and an average target price of $327.44.

Insiders Place Their Bets

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 shares were 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 directly owned 39,875 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, CEO Phebe N. Novakovic sold 129,090 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the completion of the transaction, the chief executive officer owned 769,607 shares of the company’s stock, valued at $241,325,666.99. This trade represents a 14.36% 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 worth $86,414,503. Company insiders own 1.50% of the company’s stock.

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.