15,083 Shares in General Dynamics Corporation $GD Purchased by TrueMark Investments LLC

Key Points

• TrueMark Investments LLC has acquired 15,083 shares of General Dynamics Corporation, worth approximately $4.4 million, as disclosed in a recent SEC filing.
• General Dynamics reported a quarterly EPS of $3.74, surpassing analysts' expectations, and announced a quarterly dividend of $1.50 per share with a yield of 1.8%.
• A significant portion of General Dynamics stock is held by institutional investors, who now own 86.14% of the company's stock.

TrueMark Investments LLC bought a new position in General Dynamics Corporation (NYSE:GD - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 15,083 shares of the aerospace company's stock, valued at approximately $4,399,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in GD. Inlight Wealth Management LLC bought a new stake in General Dynamics in the 1st quarter worth about $26,000. Smallwood Wealth Investment Management LLC bought a new stake in General Dynamics in the 1st quarter worth about $27,000. Quarry LP grew its position in General Dynamics by 783.3% in the 1st quarter. Quarry LP now owns 106 shares of the aerospace company's stock worth $29,000 after purchasing an additional 94 shares in the last quarter. Abound Financial LLC bought a new stake in General Dynamics in the 1st quarter worth about $32,000. Finally, Harbor Asset Planning Inc. bought a new stake in General Dynamics in the 2nd quarter worth about $35,000. Institutional investors and hedge funds own 86.14% of the company's stock.

Insider Activity at General Dynamics

In other General Dynamics news, VP Christopher J. Brady sold 8,150 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $321.18, for a total value of $2,617,617.00. Following the sale, the vice president directly owned 22,818 shares in the company, valued at $7,328,685.24. This represents a 26.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 sale, the vice president owned 16,627 shares in the company, valued at $5,260,782.80. This represents a 51.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 275,020 shares of company stock worth $86,414,503 in the last ninety days. Insiders own 1.50% of the company's stock.

General Dynamics Stock Performance

Shares of GD stock opened at $331.33 on Friday. The stock has a market capitalization of $89.12 billion, a P/E ratio of 22.24, a PEG ratio of 2.04 and a beta of 0.47. 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 firm's 50 day moving average is $326.86 and its 200 day moving average is $299.05. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $347.37.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly 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 company had revenue of $13.04 billion for 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%. General Dynamics's revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, sell-side analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, October 10th. General Dynamics's dividend payout ratio is presently 40.27%.

Analyst Ratings Changes

A number of brokerages have issued reports on GD. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $400.00 price objective on shares of General Dynamics in a research report on Wednesday, October 8th. Susquehanna upped their price objective on shares of General Dynamics from $315.00 to $365.00 and gave the stock a "positive" rating in a research report on Thursday, July 24th. Cowen reissued a "buy" rating on shares of General Dynamics in a research report on Wednesday, June 25th. TD Cowen increased their target price on shares of General Dynamics from $290.00 to $300.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Finally, Wolfe Research increased their target price on shares of General Dynamics from $360.00 to $400.00 and gave the company an "outperform" rating in a research report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, General Dynamics has an average rating of "Hold" and a consensus target price of $327.44.

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.

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