BOS Asset Management LLC Boosts Stock Holdings in General Dynamics Corporation $GD

Key Points

• BOS Asset Management LLC boosted its position in General Dynamics shares by 57.2%, now owning 2,410 shares valued at approximately $657,000.
• General Dynamics reported a **net revenue** of $13.04 billion for the last quarter, exceeding analyst estimates, with earnings per share of $3.74.
• The company declared a **quarterly dividend** of $1.50, with a current dividend yield of 1.9%, payable on November 14th to stockholders of record on October 10th.

BOS Asset Management LLC increased its position in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 57.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,410 shares of the aerospace company's stock after purchasing an additional 877 shares during the period. BOS Asset Management LLC's holdings in General Dynamics were worth $657,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. grew its position in General Dynamics by 0.5% during the first quarter. Principal Securities Inc. now owns 8,203 shares of the aerospace company's stock worth $2,161,000 after buying an additional 37 shares during the period. Sharpepoint LLC grew its position 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 purchasing an additional 37 shares during the last quarter. United Asset Strategies Inc. grew its position 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 purchasing an additional 37 shares during the last quarter. 1858 Wealth Management LLC grew its position in shares of General Dynamics by 1.2% in the first quarter. 1858 Wealth Management LLC now owns 3,224 shares of the aerospace company's stock valued at $879,000 after purchasing an additional 38 shares during the last quarter. Finally, Keystone Financial Services grew its position in shares of General Dynamics by 1.6% in the first quarter. Keystone Financial Services now owns 2,421 shares of the aerospace company's stock valued at $660,000 after purchasing an additional 38 shares during the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Stock Performance

General Dynamics stock opened at $322.84 on Thursday. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $326.02. The company has a market capitalization of $86.84 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 1.97 and a beta of 0.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. The firm's fifty day moving average price is $312.40 and its 200 day moving average price is $285.84.

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 for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $12.13 billion. During the same period last year, the business earned $3.26 EPS. The firm's revenue for the quarter 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. On average, research analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The business also recently declared 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 Buying and Selling

In related news, VP William A. Moss sold 17,700 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $316.40, for a total value of $5,600,280.00. Following the sale, the vice president directly owned 16,627 shares in the company, valued at $5,260,782.80. The trade was a 51.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Phebe N. Novakovic sold 129,090 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer 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 quarter, insiders sold 458,260 shares of company stock worth $138,125,545. Company insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GD. 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 research report on Tuesday, July 29th. JPMorgan Chase & Co. raised their target price on shares of General Dynamics from $284.00 to $345.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Susquehanna raised their target price on shares of General Dynamics from $315.00 to $365.00 and gave the company a "positive" rating in a research note on Thursday, July 24th. UBS Group raised their target price on shares of General Dynamics from $309.00 to $333.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Deutsche Bank Aktiengesellschaft raised shares of General Dynamics from a "hold" rating to a "buy" rating and raised their target price for the company from $298.00 to $342.00 in a research note on Tuesday, July 8th. Nine analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, General Dynamics presently has an average rating of "Hold" and an average 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.

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