731 Shares in General Dynamics Corporation $GD Acquired by Wealthstar Advisors LLC

Key Points

• Wealthstar Advisors LLC acquired 731 shares of General Dynamics Corporation, valued at approximately $213,000, as detailed in their recent 13F filing with the SEC.
• General Dynamics reported $3.74 earnings per share for the last quarter, exceeding analysts' expectations of $3.47, with a revenue of $13.04 billion, up 8.9% year-over-year.
• The company declared a quarterly dividend of $1.50 per share, with an annualized yield of 1.8%, highlighting a consistent return to investors.

Wealthstar Advisors LLC acquired 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 Securities and Exchange Commission (SEC). The institutional investor acquired 731 shares of the aerospace company's stock, valued at approximately $213,000.

A number of other hedge funds have also recently added to or reduced their stakes in GD. Salvus Wealth Management LLC increased its position in shares of General Dynamics by 2.9% during the 2nd quarter. Salvus Wealth Management LLC now owns 1,274 shares of the aerospace company's stock worth $372,000 after purchasing an additional 36 shares in the last quarter. Principal Securities Inc. increased its position in shares of General Dynamics by 0.5% during the 1st quarter. Principal Securities Inc. now owns 8,203 shares of the aerospace company's stock worth $2,161,000 after purchasing an additional 37 shares in the last quarter. Sharpepoint LLC raised its holdings in shares of General Dynamics by 4.2% in the first quarter. Sharpepoint LLC now owns 917 shares of the aerospace company's stock valued at $249,000 after buying an additional 37 shares during the last quarter. United Asset Strategies Inc. raised its holdings in shares of General Dynamics by 1.2% in the first quarter. United Asset Strategies Inc. now owns 3,140 shares of the aerospace company's stock valued at $856,000 after buying an additional 37 shares during the last quarter. Finally, Southland Equity Partners LLC raised its holdings in shares of General Dynamics by 3.2% in the second quarter. Southland Equity Partners LLC now owns 1,185 shares of the aerospace company's stock valued at $346,000 after buying an additional 37 shares during the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

General Dynamics Price Performance

Shares of GD opened at $342.81 on Friday. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $347.37. The firm has a market capitalization of $92.21 billion, a PE ratio of 23.01, a P/E/G ratio of 2.12 and a beta of 0.47. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36. The stock has a 50 day simple moving average of $324.48 and a 200 day simple moving average of $296.30.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.47 by $0.27. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The company had revenue of $13.04 billion for the quarter, compared to analysts' expectations of $12.13 billion. During the same quarter in the prior year, the business posted $3.26 EPS. The business'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. Sell-side analysts predict that General Dynamics Corporation will post 14.83 EPS for the current fiscal 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 $1.50 dividend. 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 dividend payout ratio is 40.27%.

Insiders Place Their Bets

In other General Dynamics news, Director Mark Malcolm sold 3,220 shares of the company's stock in a transaction on 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 transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Phebe N. Novakovic sold 129,090 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $313.57, for a total value of $40,478,751.30. Following the completion of the transaction, the chief executive officer directly owned 769,607 shares in the company, valued at approximately $241,325,666.99. This represents a 14.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 275,020 shares of company stock worth $86,414,503 in the last quarter. Company insiders own 1.50% of the company's stock.

Analyst Ratings Changes

GD has been the subject of a number of research analyst reports. Wall Street Zen raised General Dynamics from a "hold" rating to a "buy" rating in a report on Saturday, October 4th. Sanford C. Bernstein set a $314.00 price target on General Dynamics and gave the company a "market perform" rating in a report on Monday, July 14th. TD Cowen lifted their price target on General Dynamics from $290.00 to $300.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Jefferies Financial Group set a $325.00 price target on General Dynamics and gave the company a "hold" rating in a report on Wednesday, July 9th. Finally, UBS Group lifted their price target on General Dynamics from $309.00 to $333.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. 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 assigned a Sell rating to the company's stock. According to MarketBeat, General Dynamics currently has an average rating of "Hold" and a consensus price target of $319.00.

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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