Ancora Advisors LLC Purchases 1,928 Shares of General Dynamics Corporation $GD

Key Points

• Ancora Advisors LLC increased its stake in General Dynamics Corporation by 1.4%, bringing its total shares to 141,860, which represents 0.9% of its investment portfolio.
• Multiple institutional investors have boosted their positions in General Dynamics, with Rialto Wealth Management LLC increasing its stake by 213.8% in the first quarter.
• Wall Street analysts have issued mostly positive ratings for General Dynamics, with a majority recommending a Buy rating and setting target prices ranging from $300 to $368.

Ancora Advisors LLC increased its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 141,860 shares of the aerospace company's stock after purchasing an additional 1,928 shares during the period. General Dynamics makes up approximately 0.9% of Ancora Advisors LLC's portfolio, making the stock its 25th biggest holding. Ancora Advisors LLC owned approximately 0.05% of General Dynamics worth $38,668,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Retirement Guys Formula LLC bought a new stake in General Dynamics during the first quarter worth about $1,692,000. Advisory Resource Group lifted its stake in General Dynamics by 7.1% during the first quarter. Advisory Resource Group now owns 19,200 shares of the aerospace company's stock worth $5,234,000 after purchasing an additional 1,276 shares during the last quarter. Mission Wealth Management LP lifted its stake in General Dynamics by 18.9% during the first quarter. Mission Wealth Management LP now owns 16,144 shares of the aerospace company's stock worth $4,401,000 after purchasing an additional 2,568 shares during the last quarter. Matrix Asset Advisors Inc. NY lifted its stake in General Dynamics by 31.6% during the first quarter. Matrix Asset Advisors Inc. NY now owns 33,644 shares of the aerospace company's stock worth $9,171,000 after purchasing an additional 8,073 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. lifted its stake in General Dynamics by 11.5% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 16,522 shares of the aerospace company's stock worth $4,504,000 after purchasing an additional 1,704 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Trading Up 0.1%

GD stock traded up $0.36 during trading on Friday, reaching $322.80. The company had a trading volume of 860,924 shares, compared to its average volume of 815,280. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $326.02. The company has a market cap of $86.83 billion, a P/E ratio of 21.66, a PEG ratio of 1.98 and a beta of 0.50. The business has a 50 day moving average of $310.66 and a 200 day moving average of $284.51. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, beating the consensus estimate of $3.47 by $0.27. The business had revenue of $13.04 billion during the quarter, compared to analyst estimates of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The company's revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.26 earnings per share. 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 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders 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 yield of 1.9%. The ex-dividend date is Friday, October 10th. General Dynamics's dividend payout ratio (DPR) is currently 40.27%.

Analyst Ratings Changes

GD has been the topic of a number of recent research reports. Barclays raised their price objective on General Dynamics from $285.00 to $350.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. UBS Group raised their price objective on General Dynamics from $309.00 to $333.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Jefferies Financial Group set a $325.00 price objective on General Dynamics and gave the company a "hold" rating in a research note on Wednesday, July 9th. Wolfe Research raised General Dynamics from a "peer perform" rating to an "outperform" rating and set a $360.00 price objective for the company in a research note on Thursday, July 24th. Finally, Susquehanna increased their price objective on General Dynamics from $315.00 to $365.00 and gave the company a "positive" rating in a research note on Thursday, July 24th. Nine research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $315.78.

Insider Buying and Selling at General Dynamics

In related news, Director Mark Malcolm sold 1,210 shares of General Dynamics stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $319.04, for a total value of $386,038.40. Following the completion of the sale, the director directly owned 10,186 shares in the company, valued at approximately $3,249,741.44. This trade represents a 10.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP William A. Moss sold 17,700 shares of the company's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the transaction, the vice president owned 16,627 shares in the company, valued at $5,260,782.80. This represents a 51.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 458,260 shares of company stock worth $138,125,545 in the last 90 days. Insiders own 1.50% of the company's stock.

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.