World Investment Advisors Raises Stock Position in General Dynamics Corporation $GD

World Investment Advisors raised its stake in shares of General Dynamics Corporation (NYSE:GD) by 26.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 17,854 shares of the aerospace company’s stock after purchasing an additional 3,772 shares during the period. World Investment Advisors’ holdings in General Dynamics were worth $5,207,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Motco lifted its position in General Dynamics by 8.8% during the second quarter. Motco now owns 484 shares of the aerospace company’s stock valued at $151,000 after purchasing an additional 39 shares during the last quarter. Austin Private Wealth LLC lifted its position in General Dynamics by 3.9% during the second quarter. Austin Private Wealth LLC now owns 1,883 shares of the aerospace company’s stock valued at $549,000 after purchasing an additional 71 shares during the last quarter. New York Life Investment Management LLC lifted its position in General Dynamics by 1.0% during the second quarter. New York Life Investment Management LLC now owns 34,219 shares of the aerospace company’s stock valued at $9,980,000 after purchasing an additional 326 shares during the last quarter. Howard Capital Management Inc. lifted its position in General Dynamics by 13.6% during the second quarter. Howard Capital Management Inc. now owns 1,420 shares of the aerospace company’s stock valued at $414,000 after purchasing an additional 170 shares during the last quarter. Finally, Tevis Investment Management lifted its position in General Dynamics by 10.1% during the second quarter. Tevis Investment Management now owns 4,238 shares of the aerospace company’s stock valued at $1,236,000 after purchasing an additional 389 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

Insider Transactions at General Dynamics

In other news, CEO Phebe N. Novakovic sold 129,090 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $313.57, for a total value of $40,478,751.30. Following the transaction, the chief executive officer owned 769,607 shares in the company, valued at $241,325,666.99. This represents a 14.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $5,600,280.00. Following the completion of the transaction, the vice president 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 is available in the SEC filing. Over the last ninety days, insiders have sold 193,110 shares of company stock worth $60,778,364. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of General Dynamics from $280.00 to $293.00 and gave the stock a “sell” rating in a report on Friday, October 10th. Vertical Research upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and set a $400.00 price objective for the company in a report on Monday. Jefferies Financial Group set a $325.00 price objective on shares of General Dynamics and gave the stock a “hold” rating in a report on Wednesday, July 9th. Robert W. Baird set a $390.00 price objective on shares of General Dynamics in a report on Monday. Finally, Seaport Res Ptn upgraded shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $350.89.

General Dynamics Stock Performance

Shares of General Dynamics stock opened at $343.15 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.40 and a quick ratio of 0.87. The stock has a market cap of $92.69 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 2.07 and a beta of 0.47. The firm’s 50-day moving average is $331.42 and its 200 day moving average is $303.82. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $360.50.

General Dynamics (NYSE:GD) last posted its earnings results on Friday, October 24th. The aerospace company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.69 by $0.19. The business had revenue of $12.91 billion for the quarter, compared to analysts’ expectations of $12.49 billion. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Sell-side analysts anticipate 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. Stockholders of record on Friday, October 10th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, October 10th. General Dynamics’s dividend payout ratio is 38.89%.

General Dynamics 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.