1,051 Shares in General Dynamics Corporation $GD Purchased by Childress Capital Advisors LLC

Childress Capital Advisors LLC acquired a new position in General Dynamics Corporation (NYSE:GD - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,051 shares of the aerospace company's stock, valued at approximately $307,000.

A number of other large investors also recently bought and sold shares of the business. Salvus Wealth Management LLC lifted its holdings in General Dynamics by 2.9% in the second quarter. Salvus Wealth Management LLC now owns 1,274 shares of the aerospace company's stock valued at $372,000 after acquiring an additional 36 shares during the period. Principal Securities Inc. lifted its stake in shares of General Dynamics by 0.5% in the 1st quarter. Principal Securities Inc. now owns 8,203 shares of the aerospace company's stock valued at $2,161,000 after purchasing an additional 37 shares during the period. Sharpepoint LLC lifted its stake in shares of General Dynamics by 4.2% in the 1st quarter. Sharpepoint LLC now owns 917 shares of the aerospace company's stock valued at $249,000 after purchasing an additional 37 shares during the period. United Asset Strategies Inc. lifted its stake in shares of General Dynamics by 1.2% in the 1st quarter. United Asset Strategies Inc. now owns 3,140 shares of the aerospace company's stock valued at $856,000 after purchasing an additional 37 shares during the period. Finally, Southland Equity Partners LLC lifted its stake in shares of General Dynamics by 3.2% in the 2nd quarter. Southland Equity Partners LLC now owns 1,185 shares of the aerospace company's stock valued at $346,000 after purchasing an additional 37 shares during the period. Hedge funds and other institutional investors own 86.14% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Jefferies Financial Group set a $325.00 price objective on shares of General Dynamics and gave the stock a "hold" rating in a research report on Wednesday, July 9th. UBS Group upped their price target on General Dynamics from $309.00 to $333.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Citigroup upped their price target on General Dynamics from $348.00 to $368.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Cowen reaffirmed a "buy" rating on shares of General Dynamics in a research note on Wednesday, June 25th. Finally, Deutsche Bank Aktiengesellschaft raised General Dynamics from a "hold" rating to a "buy" rating and upped their target price for the stock from $298.00 to $342.00 in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, General Dynamics presently has a consensus rating of "Hold" and a consensus price target of $315.78.

General Dynamics Price Performance

Shares of NYSE GD opened at $340.96 on Thursday. The firm has a 50-day simple moving average of $320.78 and a 200-day simple moving average of $293.08. The stock has a market capitalization of $91.71 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 2.09 and a beta of 0.47. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $341.19.

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

General Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics's dividend payout ratio (DPR) is currently 40.27%.

Insiders Place Their Bets

In related news, Director Mark Malcolm sold 3,220 shares of the firm's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the completion of the sale, the director directly owned 10,186 shares in the company, valued at approximately $3,355,777.70. This trade represents a 24.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the firm's stock in a transaction that occurred on 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 sale, the executive vice president owned 45,192 shares of the company's stock, valued at $14,244,518.40. This represents a 42.75% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 275,020 shares of company stock worth $86,414,503. 1.50% of the stock is currently owned by company insiders.

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.

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