Empowered Funds LLC Purchases 19,954 Shares of General Dynamics Corporation $GD

Key Points

• Empowered Funds LLC has increased its stake in General Dynamics Corporation by 205.9% by acquiring 19,954 shares, bringing its total holdings to 29,643 shares worth approximately $8.08 million.
• General Dynamics posted a EPS of $3.74 in its latest earnings report, exceeding analysts' expectations of $3.47, and reported a revenue increase of 8.9% year-over-year.
• The company recently declared a quarterly dividend of $1.50 per share, representing an annualized yield of 1.9%, with payment scheduled for November 14th.

Empowered Funds LLC increased its position in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 205.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,643 shares of the aerospace company's stock after purchasing an additional 19,954 shares during the period. Empowered Funds LLC's holdings in General Dynamics were worth $8,080,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC boosted its position in shares of General Dynamics by 213.8% in the first 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 during the period. Inlight Wealth Management LLC bought a new stake in General Dynamics in the 1st quarter valued at about $26,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of General Dynamics during the 1st quarter worth approximately $27,000. Copia Wealth Management bought a new position in shares of General Dynamics during the fourth quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of General Dynamics in the fourth quarter valued at approximately $28,000. 86.14% of the stock is owned by institutional investors and hedge funds.

General Dynamics Stock Down 0.4%

Shares of NYSE:GD opened at $321.32 on Wednesday. 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 52-week low of $239.20 and a 52-week high of $326.02. The company has a market capitalization of $86.43 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 1.98 and a beta of 0.50. The company has a fifty day moving average of $311.82 and a 200-day moving average of $285.59.

General Dynamics (NYSE:GD - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $12.13 billion. During the same quarter in the prior year, the firm earned $3.26 EPS. The business'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, equities analysts predict that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm 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 dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. General Dynamics's dividend payout ratio (DPR) is presently 40.27%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. 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 research report on Thursday, July 24th. Jefferies Financial Group set a $325.00 price target on General Dynamics and gave the stock a "hold" rating in a research report on Wednesday, July 9th. TD Cowen upped their price objective on shares of General Dynamics from $290.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Barclays increased their price objective on shares of General Dynamics from $285.00 to $350.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Finally, Robert W. Baird increased their price target on shares of General Dynamics from $283.00 to $350.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Nine investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $315.78.

Insider Activity at General Dynamics

In related news, VP Christopher J. Brady sold 8,150 shares of the business's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $321.18, for a total value of $2,617,617.00. Following the sale, the vice president owned 22,818 shares of the company's stock, valued at $7,328,685.24. The trade was a 26.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $315.20, for a total value of $10,634,848.00. Following the completion of the sale, the executive vice president owned 45,192 shares of the company's stock, valued at $14,244,518.40. The trade was a 42.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 458,260 shares of company stock valued at $138,125,545 in the last quarter. 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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