Cwm LLC Buys 6,279 Shares of General Dynamics Corporation $GD

Key Points

• Cwm LLC increased its stake in General Dynamics Corporation by 9.4%, bringing its total holdings to 73,022 shares valued at approximately $21.3 million.
• General Dynamics' stock has received multiple positive ratings from analysts, including upgrades to "strong-buy," with a consensus target price set at $324.11.
• The company recently announced a $1.50 quarterly dividend, which will be distributed on November 14th, reflecting an annualized yield of 1.8%.

Cwm LLC raised its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 9.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 73,022 shares of the aerospace company's stock after buying an additional 6,279 shares during the period. Cwm LLC's holdings in General Dynamics were worth $21,298,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Inlight Wealth Management LLC bought a new stake in shares of General Dynamics in the 1st quarter valued at about $26,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of General Dynamics in the 1st quarter valued at about $27,000. Quarry LP grew its position in shares of General Dynamics by 783.3% in the 1st quarter. Quarry LP now owns 106 shares of the aerospace company's stock valued at $29,000 after buying an additional 94 shares during the last quarter. Abound Financial LLC bought a new stake in shares of General Dynamics in the 1st quarter valued at about $32,000. Finally, Nova Wealth Management Inc. bought a new stake in shares of General Dynamics in the 1st quarter valued at about $33,000. Institutional investors own 86.14% of the company's stock.

Wall Street Analyst Weigh In

GD has been the topic of several research analyst reports. Seaport Res Ptn upgraded General Dynamics from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 29th. Weiss Ratings restated a "buy (b)" rating on shares of General Dynamics in a research report on Wednesday, October 8th. Sanford C. Bernstein set a $314.00 target price on General Dynamics and gave the company a "market perform" rating in a research report on Monday, July 14th. TD Cowen upped their target price on General Dynamics from $290.00 to $300.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Finally, The Goldman Sachs Group upped their target price on General Dynamics from $280.00 to $293.00 and gave the company a "sell" rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $324.11.

Insider Transactions at General Dynamics

In other news, Director Mark Malcolm sold 3,220 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $329.45, for a total value of $1,060,829.00. Following the completion of the sale, the director directly owned 10,186 shares of the company's stock, valued at $3,355,777.70. This represents a 24.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP William A. Moss sold 17,700 shares of the stock in a transaction that occurred on 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 approximately $5,260,782.80. This trade represents a 51.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, 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 Down 2.8%

GD stock opened at $333.03 on Monday. The stock's 50 day simple moving average is $324.93 and its 200 day simple moving average is $297.14. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $347.37. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36. The company has a market cap of $89.58 billion, a P/E ratio of 22.35, a price-to-earnings-growth ratio of 2.05 and a beta of 0.47.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $12.13 billion. During the same period in the prior year, the business earned $3.26 EPS. The firm's revenue for the quarter 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 business also recently disclosed 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. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. General Dynamics's dividend payout ratio is 40.27%.

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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