5,480 Shares in General Dynamics Corporation $GD Acquired by Gladwyn Financial Advisors Inc.

Key Points

• Gladwyn Financial Advisors Inc. has acquired 5,480 shares of General Dynamics Corporation worth approximately $1.6 million, making it the firm's 24th largest holding.
• Wall Street analysts have raised target prices for General Dynamics shares, with Barclays and Susquehanna increasing their targets to $350 and $365, respectively.
• General Dynamics reported $3.74 earnings per share for the last quarter, exceeding analysts' expectations and marking an 8.9% revenue increase from the same quarter last year.

Gladwyn Financial Advisors Inc. acquired a new position in shares of General Dynamics Corporation (NYSE:GD - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,480 shares of the aerospace company's stock, valued at approximately $1,598,000. General Dynamics comprises about 1.2% of Gladwyn Financial Advisors Inc.'s portfolio, making the stock its 24th biggest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. TrueMark Investments LLC bought a new position in General Dynamics during the 2nd quarter worth approximately $4,399,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in General Dynamics during the 2nd quarter worth approximately $12,629,000. Quotient Wealth Partners LLC boosted its stake in General Dynamics by 6.1% during the 2nd quarter. Quotient Wealth Partners LLC now owns 3,904 shares of the aerospace company's stock worth $1,139,000 after acquiring an additional 223 shares during the last quarter. Ifrah Financial Services Inc. boosted its stake in General Dynamics by 13.0% during the 2nd quarter. Ifrah Financial Services Inc. now owns 3,259 shares of the aerospace company's stock worth $950,000 after acquiring an additional 374 shares during the last quarter. Finally, Aspiriant LLC raised its holdings in General Dynamics by 10.1% during the 2nd quarter. Aspiriant LLC now owns 4,949 shares of the aerospace company's stock worth $1,443,000 after buying an additional 454 shares during the period. Institutional investors own 86.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on GD shares. The Goldman Sachs Group raised their target price on shares of General Dynamics from $280.00 to $293.00 and gave the stock a "sell" rating in a report on Friday, October 10th. Barclays raised their target price on shares of General Dynamics from $285.00 to $350.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Susquehanna raised their target price on shares of General Dynamics from $315.00 to $365.00 and gave the stock a "positive" rating in a report on Thursday, July 24th. Wall Street Zen upgraded shares of General Dynamics from a "hold" rating to a "buy" rating in a report on Saturday, October 4th. Finally, Cowen restated a "buy" rating on shares of General Dynamics in a report on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $327.44.

Insider Buying and Selling at General Dynamics

In related news, EVP Marguerite Amy Gilliland sold 33,740 shares of the business's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the transaction, the executive vice president directly owned 45,192 shares in the company, valued at approximately $14,244,518.40. The trade was a 42.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Phebe N. Novakovic sold 129,090 shares of the business's stock in a transaction on 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 transaction, the chief executive officer owned 769,607 shares in the company, valued at approximately $241,325,666.99. The trade was a 14.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 275,020 shares of company stock valued at $86,414,503 in the last 90 days. Company insiders own 1.50% of the company's stock.

General Dynamics Price Performance

NYSE GD opened at $331.33 on Friday. 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 12-month low of $239.20 and a 12-month high of $347.37. The company has a market capitalization of $89.12 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 2.04 and a beta of 0.47. The firm's 50 day moving average is $326.86 and its 200-day moving average is $299.05.

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

General Dynamics Announces Dividend

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

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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