Aptus Capital Advisors LLC Buys 2,560 Shares of General Dynamics Corporation $GD

Key Points

• Aptus Capital Advisors LLC increased its stake in General Dynamics Corporation by 21.6%, purchasing an additional 2,560 shares during the first quarter, bringing its total holdings to 14,385 shares valued at approximately $3.9 million.
• General Dynamics reported earnings of $3.74 EPS, exceeding analysts' expectations of $3.47, and achieved a revenue of $13.04 billion for the quarter, an 8.9% increase year-over-year.
• The company declared a quarterly dividend of $1.50 per share, which will be payable on November 14th, representing an annual yield of 1.9%.

Aptus Capital Advisors LLC raised its holdings in General Dynamics Corporation (NYSE:GD - Free Report) by 21.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,385 shares of the aerospace company's stock after purchasing an additional 2,560 shares during the quarter. Aptus Capital Advisors LLC's holdings in General Dynamics were worth $3,921,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of GD. Rialto Wealth Management LLC boosted its holdings in shares of General Dynamics by 213.8% during the 1st quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock valued at $25,000 after acquiring an additional 62 shares in the last quarter. Inlight Wealth Management LLC acquired a new stake in shares of General Dynamics during the 1st quarter valued at $26,000. Copia Wealth Management acquired a new stake in shares of General Dynamics during the 4th quarter valued at $27,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of General Dynamics during the 1st quarter valued at $27,000. Finally, Heck Capital Advisors LLC acquired a new position in General Dynamics during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 86.14% of the company's stock.

General Dynamics Stock Performance

GD stock opened at $316.3370 on Wednesday. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $322.50. The firm has a market cap of $85.09 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 1.92 and a beta of 0.48. The stock has a 50-day moving average price of $300.26 and a 200-day moving average price of $278.10. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD - Get Free Report) last issued its 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. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The business had revenue of $13.04 billion during the quarter, compared to analyst estimates of $12.13 billion. During the same period in the previous year, the company posted $3.26 EPS. 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. As a group, equities research analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

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 given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics's payout ratio is presently 40.27%.

Analyst Upgrades and Downgrades

Several research analysts have commented on GD shares. Cowen reaffirmed a "buy" rating on shares of General Dynamics in a report on Wednesday, June 25th. Susquehanna lifted their target price on General Dynamics from $315.00 to $365.00 and gave the stock a "positive" rating in a report on Thursday, July 24th. Barclays lifted their target price on General Dynamics from $285.00 to $350.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Morgan Stanley cut their target price on General Dynamics from $305.00 to $300.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Finally, Argus set a $295.00 target price on General Dynamics in a report on Tuesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, General Dynamics has a consensus rating of "Hold" and a consensus target price of $315.78.

Insiders Place Their Bets

In related news, VP William A. Moss sold 17,700 shares of the business's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $316.40, for a total value of $5,600,280.00. Following the completion of the sale, the vice president directly owned 16,627 shares of the company's stock, valued at $5,260,782.80. The trade was a 51.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Leon Rudy F. De sold 5,490 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $312.81, for a total value of $1,717,326.90. Following the completion of the sale, the director directly owned 5,483 shares of the company's stock, valued at $1,715,137.23. The trade was a 50.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 319,810 shares of company stock worth $94,643,139 over the last three months. 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.

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