Leo Wealth LLC Makes New $254,000 Investment in General Dynamics Corporation $GD

Leo Wealth LLC purchased a new position in shares of General Dynamics Corporation (NYSE:GD) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 872 shares of the aerospace company’s stock, valued at approximately $254,000.

A number of other institutional investors have also recently bought and sold shares of the business. Beaumont Asset Management L.L.C. boosted its stake in General Dynamics by 1.6% during the second quarter. Beaumont Asset Management L.L.C. now owns 6,055 shares of the aerospace company’s stock worth $1,766,000 after buying an additional 95 shares in the last quarter. Columbus Macro LLC boosted its stake in shares of General Dynamics by 22.3% in the 2nd quarter. Columbus Macro LLC now owns 8,611 shares of the aerospace company’s stock valued at $2,512,000 after purchasing an additional 1,569 shares in the last quarter. Optas LLC boosted its stake in shares of General Dynamics by 16.0% in the 2nd quarter. Optas LLC now owns 879 shares of the aerospace company’s stock valued at $256,000 after purchasing an additional 121 shares in the last quarter. Eagle Strategies LLC acquired a new stake in shares of General Dynamics in the 2nd quarter valued at $211,000. Finally, WoodTrust Financial Corp boosted its stake in shares of General Dynamics by 1.8% in the 2nd quarter. WoodTrust Financial Corp now owns 23,410 shares of the aerospace company’s stock valued at $6,828,000 after purchasing an additional 411 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of General Dynamics in a research note on Wednesday. Sanford C. Bernstein set a $314.00 target price on shares of General Dynamics and gave the company a “market perform” rating in a research note on Monday, July 14th. JPMorgan Chase & Co. boosted their target price on shares of General Dynamics from $284.00 to $345.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. UBS Group upped their price target on shares of General Dynamics from $309.00 to $333.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Finally, Wall Street Zen upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $319.00.

General Dynamics Stock Performance

Shares of NYSE:GD opened at $333.03 on Friday. The stock has a market capitalization of $89.58 billion, a P/E ratio of 22.35, a P/E/G ratio of 2.10 and a beta of 0.47. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $347.37. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $324.93 and a two-hundred day moving average price of $296.76.

General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.27. The firm had revenue of $13.04 billion during the quarter, compared to analysts’ expectations of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business posted $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Equities analysts predict that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Announces Dividend

The company 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 dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics’s payout ratio is currently 40.27%.

Insider Activity

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 33,740 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the completion of the sale, the executive vice president directly owned 45,192 shares of the company’s stock, valued at approximately $14,244,518.40. The trade was a 42.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark Malcolm sold 3,220 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $329.45, for a total value of $1,060,829.00. Following the sale, the director directly owned 10,186 shares of the company’s stock, valued at $3,355,777.70. This represents a 24.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 275,020 shares of company stock worth $86,414,503. Corporate insiders own 1.50% of the company’s stock.

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.