AlphaQuest LLC Boosts Stock Position in General Dynamics Corporation $GD

Key Points

• AlphaQuest LLC increased its stake in General Dynamics Corporation by 61.9%, acquiring an additional 4,223 shares, bringing its total to 11,048 shares valued at approximately $3 million.
• General Dynamics reported a quarterly EPS of $3.74, exceeding analyst expectations of $3.47, with revenues of $13.04 billion, up 8.9% year-over-year.
• The company declared a quarterly dividend of $1.50 per share, indicating an annualized dividend of $6.00 and a yield of 1.9%.

AlphaQuest LLC boosted its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 61.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,048 shares of the aerospace company's stock after purchasing an additional 4,223 shares during the quarter. General Dynamics comprises 0.3% of AlphaQuest LLC's investment portfolio, making the stock its 20th biggest position. AlphaQuest LLC's holdings in General Dynamics were worth $3,011,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. Rialto Wealth Management LLC increased its stake in shares of General Dynamics by 213.8% in the first quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock valued at $25,000 after buying an additional 62 shares during the period. Inlight Wealth Management LLC bought a new position in shares of General Dynamics during the 1st quarter worth approximately $26,000. Copia Wealth Management bought a new position in shares of General Dynamics during the 4th quarter worth approximately $27,000. Smallwood Wealth Investment Management LLC bought a new position in shares of General Dynamics during the 1st quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC bought a new position in shares of General Dynamics during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 86.14% of the company's stock.

General Dynamics Trading Up 0.1%

Shares of GD traded up $0.2960 during mid-day trading on Monday, hitting $319.9060. 804,054 shares of the company's stock traded hands, compared to its average volume of 1,430,834. 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 1 year low of $239.20 and a 1 year high of $322.50. The firm has a market capitalization of $86.05 billion, a P/E ratio of 21.47, a PEG ratio of 1.96 and a beta of 0.48. The business's 50-day moving average price is $302.55 and its 200-day moving average price is $279.52.

General Dynamics (NYSE:GD - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.27. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The firm had revenue of $13.04 billion for the quarter, compared to analysts' expectations of $12.13 billion. During the same period in the previous year, the firm earned $3.26 earnings per share. 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. As a group, sell-side analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders 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 dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics's dividend payout ratio is currently 40.27%.

Insider Transactions at General Dynamics

In other General Dynamics news, EVP Mark Lagrand Burns sold 43,860 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $312.28, for a total value of $13,696,600.80. Following the completion of the transaction, the executive vice president owned 39,875 shares of the company's stock, valued at approximately $12,452,165. The trade was a 52.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Phebe N. Novakovic sold 129,090 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was 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 $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. In the last 90 days, insiders sold 448,900 shares of company stock valued at $135,121,890. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. TD Cowen increased their price target on General Dynamics from $290.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Barclays increased their price target on General Dynamics from $285.00 to $350.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Wolfe Research raised General Dynamics from a "peer perform" rating to an "outperform" rating and set a $360.00 target price for the company in a research report on Thursday, July 24th. UBS Group lifted their price objective on General Dynamics from $309.00 to $333.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Finally, Cowen reaffirmed a "buy" rating on shares of General Dynamics in a report on Wednesday, June 25th. Nine analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, General Dynamics presently has an average rating of "Hold" and a consensus target price of $315.78.

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.