Crux Wealth Advisors Buys 1,531 Shares of General Dynamics Corporation $GD

Key Points

• Crux Wealth Advisors increased its stake in General Dynamics Corporation by 67.9%, acquiring an additional 1,531 shares and raising total holdings to 3,787 shares valued at $1,105,000.
• CEO Phebe N. Novakovic sold 129,090 shares of General Dynamics at an average price of $313.57, representing a significant decrease in ownership by 14.36%.
• General Dynamics announced a quarterly dividend of $1.50 per share, set for November 14th, with a current dividend yield of 1.8% and a payout ratio of 40.27%.

Crux Wealth Advisors raised its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 67.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,787 shares of the aerospace company's stock after buying an additional 1,531 shares during the period. Crux Wealth Advisors' holdings in General Dynamics were worth $1,105,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Retirement Guys Formula LLC bought a new position in General Dynamics during the 1st quarter worth approximately $1,692,000. Matrix Asset Advisors Inc. NY increased its position in shares of 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 buying an additional 8,073 shares during the period. Global Wealth Management Investment Advisory Inc. raised 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 buying an additional 1,704 shares during the last quarter. Pinnacle Financial Partners Inc lifted its holdings in General Dynamics by 1.5% in the first quarter. Pinnacle Financial Partners Inc now owns 63,228 shares of the aerospace company's stock valued at $16,741,000 after buying an additional 915 shares during the period. Finally, AssuredPartners Investment Advisors LLC lifted its holdings in General Dynamics by 89.0% in the first quarter. AssuredPartners Investment Advisors LLC now owns 4,815 shares of the aerospace company's stock valued at $1,312,000 after buying an additional 2,268 shares during the period. Institutional investors and hedge funds own 86.14% of the company's stock.

Insider Transactions at General Dynamics

In other news, CEO Phebe N. Novakovic sold 129,090 shares of General Dynamics stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $313.57, for a total transaction 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. This trade represents a 14.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher J. Brady sold 8,150 shares of the company's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the completion of the sale, the vice president owned 22,818 shares in the company, valued at $7,328,685.24. This represents a 26.32% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 275,020 shares of company stock valued at $86,414,503. Corporate insiders own 1.50% of the company's stock.

General Dynamics Stock Up 0.2%

GD stock opened at $331.33 on Friday. The stock's 50 day simple moving average is $326.86 and its 200 day simple moving average is $299.05. The company has a market cap of $89.12 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 2.04 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. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $347.37.

General Dynamics (NYSE:GD - Get Free Report) last released 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. 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 during the quarter, compared to the consensus estimate of $12.13 billion. During the same quarter in the previous year, the company posted $3.26 earnings per share. The company's quarterly revenue was up 8.9% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, research analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The firm 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 $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics's dividend payout ratio (DPR) is 40.27%.

Analysts Set New Price Targets

A number of brokerages have weighed in on GD. Cowen reiterated a "buy" rating on shares of General Dynamics in a report on Wednesday, June 25th. Susquehanna upped their target price on General Dynamics from $315.00 to $365.00 and gave the company a "positive" rating in a research report on Thursday, July 24th. Seaport Res Ptn upgraded General Dynamics from a "hold" rating to a "strong-buy" rating in a report on Monday, September 29th. Sanford C. Bernstein set a $314.00 price target on General Dynamics and gave the company a "market perform" rating in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. increased their price target on General Dynamics from $284.00 to $345.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, General Dynamics currently has an average rating of "Hold" and an average target price of $327.44.

About General Dynamics

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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