Roffman Miller Associates Inc. PA Has $24.29 Million Stock Position in General Dynamics Corporation $GD

Roffman Miller Associates Inc. PA lifted its holdings in General Dynamics Corporation (NYSE:GD) by 5.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,282 shares of the aerospace company’s stock after purchasing an additional 4,676 shares during the period. General Dynamics accounts for about 1.5% of Roffman Miller Associates Inc. PA’s investment portfolio, making the stock its 27th biggest holding. Roffman Miller Associates Inc. PA’s holdings in General Dynamics were worth $24,290,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of GD. Brighton Jones LLC increased its holdings in shares of General Dynamics by 16.9% during the 4th quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company’s stock valued at $760,000 after acquiring an additional 417 shares during the last quarter. Capital Investment Advisory Services LLC boosted its position in General Dynamics by 15.2% during the first quarter. Capital Investment Advisory Services LLC now owns 2,174 shares of the aerospace company’s stock worth $593,000 after purchasing an additional 287 shares during the period. Callan Capital LLC acquired a new position in General Dynamics during the first quarter valued at approximately $218,000. Financial Counselors Inc. raised its position in shares of General Dynamics by 7.0% in the first quarter. Financial Counselors Inc. now owns 3,204 shares of the aerospace company’s stock valued at $873,000 after purchasing an additional 209 shares during the period. Finally, U.S. Capital Wealth Advisors LLC lifted its stake in shares of General Dynamics by 111.6% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 69,457 shares of the aerospace company’s stock worth $18,933,000 after buying an additional 36,627 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Trading Down 1.0%

General Dynamics stock opened at $341.46 on Tuesday. The business has a 50 day moving average price of $332.93 and a two-hundred day moving average price of $305.41. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $360.50. The stock has a market cap of $92.23 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 2.05 and a beta of 0.47.

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 analysts’ consensus estimates 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%.General Dynamics’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the business posted $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, equities analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

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. The ex-dividend date is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. General Dynamics’s dividend payout ratio is currently 38.89%.

Wall Street Analyst Weigh In

GD has been the topic of a number of research analyst reports. Morgan Stanley set a $385.00 target price on shares of General Dynamics in a research note on Monday, October 27th. Wall Street Zen raised General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Seaport Res Ptn raised General Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. The Goldman Sachs Group increased their target price on General Dynamics from $280.00 to $293.00 and gave the company a “sell” rating in a research note on Friday, October 10th. Finally, Melius Research raised General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $350.89.

Insider Activity at General Dynamics

In related news, VP William A. Moss sold 17,700 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $316.40, for a total value of $5,600,280.00. Following the sale, the vice president owned 16,627 shares of the company’s stock, valued at $5,260,782.80. The trade was a 51.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Phebe N. Novakovic sold 129,090 shares of the stock in a transaction dated 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 directly owned 769,607 shares of the company’s stock, valued at $241,325,666.99. This trade represents a 14.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 193,110 shares of company stock worth $60,778,364 in the last ninety days. 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.