5,766 Shares in General Dynamics Corporation $GD Purchased by Hutchinson Financial Advisors INC

Hutchinson Financial Advisors INC bought a new position in General Dynamics Corporation (NYSE:GD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,766 shares of the aerospace company’s stock, valued at approximately $1,682,000. General Dynamics comprises about 0.7% of Hutchinson Financial Advisors INC’s investment portfolio, making the stock its 22nd biggest position.

Several other large investors also recently modified their holdings of the business. 1858 Wealth Management LLC grew its stake in shares of General Dynamics by 1.0% in the second quarter. 1858 Wealth Management LLC now owns 3,256 shares of the aerospace company’s stock worth $950,000 after purchasing an additional 32 shares during the last quarter. Nicholson Wealth Management Group LLC grew its stake in shares of General Dynamics by 0.5% in the second quarter. Nicholson Wealth Management Group LLC now owns 6,582 shares of the aerospace company’s stock worth $1,920,000 after purchasing an additional 33 shares during the last quarter. Crewe Advisors LLC grew its stake in shares of General Dynamics by 10.9% in the second quarter. Crewe Advisors LLC now owns 347 shares of the aerospace company’s stock worth $101,000 after purchasing an additional 34 shares during the last quarter. CVA Family Office LLC grew its stake in shares of General Dynamics by 1.5% in the second quarter. CVA Family Office LLC now owns 2,256 shares of the aerospace company’s stock worth $658,000 after purchasing an additional 34 shares during the last quarter. Finally, Leavell Investment Management Inc. boosted its position in General Dynamics by 0.4% during the 2nd quarter. Leavell Investment Management Inc. now owns 8,239 shares of the aerospace company’s stock valued at $2,403,000 after acquiring an additional 34 shares in the last quarter. 86.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on GD shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $400.00 target price on shares of General Dynamics in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on General Dynamics from $345.00 to $380.00 and gave the stock an “overweight” rating in a report on Tuesday. Wolfe Research upped their target price on General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Citigroup upped their target price on General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Finally, Seaport Res Ptn upgraded General Dynamics from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, General Dynamics presently has an average rating of “Moderate Buy” and a consensus target price of $350.89.

General Dynamics Stock Performance

GD stock opened at $344.81 on Friday. The stock has a market capitalization of $93.14 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 2.05 and a beta of 0.47. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $360.50. The company has a current ratio of 1.40, a quick ratio of 0.87 and a debt-to-equity ratio of 0.29. The stock’s 50 day simple moving average is $332.50 and its 200 day simple moving average is $304.56.

General Dynamics (NYSE:GD) last released its quarterly earnings data 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 return on equity of 18.27% and a net margin of 8.18%.The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.35 EPS. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, research analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given 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 1.7%. General Dynamics’s dividend payout ratio is 38.89%.

Insiders Place Their Bets

In related news, CEO Phebe N. Novakovic sold 129,090 shares of the company’s 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 transaction, the chief executive officer directly owned 769,607 shares of the company’s stock, valued at approximately $241,325,666.99. This represents a 14.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $315.20, for a total value of $10,634,848.00. Following the completion of the transaction, the executive vice president directly owned 45,192 shares in the company, valued at $14,244,518.40. This trade represents a 42.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 193,110 shares of company stock worth $60,778,364 in the last three months. Corporate insiders own 1.50% of the company’s stock.

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.