Fiduciary Family Office LLC Makes New $472,000 Investment in General Dynamics Corporation (NYSE:GD)

Key Points

• Fiduciary Family Office LLC has invested approximately $472,000 in General Dynamics Corporation, purchasing 1,733 shares in the first quarter.
• General Dynamics reported a quarterly revenue increase of 8.9% year-over-year, achieving $13.04 billion alongside earnings of $3.74 per share, surpassing estimates.
• The company will pay a quarterly dividend of $1.50 on November 14th, reflecting an annualized yield of 1.9% with a payout ratio of 40.27%.

Fiduciary Family Office LLC purchased a new stake in General Dynamics Corporation (NYSE:GD - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,733 shares of the aerospace company's stock, valued at approximately $472,000.

Other large investors have also added to or reduced their stakes in the company. Rialto Wealth Management LLC boosted its holdings in General Dynamics by 213.8% during the first quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock worth $25,000 after purchasing an additional 62 shares during the last quarter. Inlight Wealth Management LLC purchased a new position in General Dynamics during the first quarter worth about $26,000. Copia Wealth Management purchased a new position in General Dynamics during the fourth quarter worth about $27,000. Smallwood Wealth Investment Management LLC purchased a new position in General Dynamics during the first quarter worth about $27,000. Finally, Heck Capital Advisors LLC purchased a new position in General Dynamics during the fourth quarter worth about $28,000. Institutional investors own 86.14% of the company's stock.

General Dynamics Stock Performance

Shares of NYSE GD traded up $3.55 during midday trading on Wednesday, hitting $317.56. The company's stock had a trading volume of 813,479 shares, compared to its average volume of 1,462,844. The stock has a fifty day moving average price of $296.33 and a 200 day moving average price of $276.16. General Dynamics Corporation has a one year low of $239.20 and a one year high of $322.50. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $85.42 billion, a price-to-earnings ratio of 21.31, a P/E/G ratio of 1.93 and a beta of 0.48.

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 (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $12.13 billion. During the same quarter in the previous year, the firm posted $3.26 earnings per share. The company's quarterly revenue was up 8.9% compared to the same quarter last year. On average, research analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal 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 issued a dividend of $1.50 per share. 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 dividend payout ratio is 40.27%.

Insider Activity

In related news, Director Leon Rudy F. De sold 5,490 shares of the company's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $312.81, for a total transaction of $1,717,326.90. Following the sale, the director owned 5,483 shares of the company's stock, valued at approximately $1,715,137.23. This represents a 50.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark Lagrand Burns sold 43,860 shares of the company's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $312.28, for a total transaction of $13,696,600.80. Following the sale, the executive vice president directly owned 39,875 shares in the company, valued at $12,452,165. This trade represents a 52.38% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 302,110 shares of company stock worth $89,042,859. Insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

GD has been the topic of several analyst reports. TD Cowen boosted their price target on shares of General Dynamics from $290.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Susquehanna boosted their price target on shares of General Dynamics from $315.00 to $365.00 and gave the stock a "positive" rating in a report on Thursday, July 24th. Barclays boosted their price target on shares of General Dynamics from $285.00 to $350.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. TD Securities lifted their price objective on shares of General Dynamics from $275.00 to $290.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of General Dynamics from $284.00 to $345.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $315.78.

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.