General Dynamics Corporation $GD Shares Acquired by Randolph Co Inc

Key Points

• Randolph Co Inc increased its stake in General Dynamics Corporation by 0.7% during the second quarter, holding 123,525 shares valued at approximately $36 million, making it the company's 10th largest position.
• Insider trading activity included EVP Marguerite Amy Gilliland selling 33,740 shares and VP William A. Moss selling 17,700 shares, leading to significant reductions in their ownership percentages.
• General Dynamics recently declared a quarterly dividend of $1.50 per share, with a yield of 1.8%, and will pay this to shareholders of record on October 10th.

Randolph Co Inc boosted its position in General Dynamics Corporation (NYSE:GD - Free Report) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,525 shares of the aerospace company's stock after purchasing an additional 824 shares during the period. General Dynamics accounts for about 3.7% of Randolph Co Inc's portfolio, making the stock its 10th biggest holding. Randolph Co Inc's holdings in General Dynamics were worth $36,027,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. American National Bank & Trust increased its holdings in General Dynamics by 13.4% in the 2nd quarter. American National Bank & Trust now owns 36,482 shares of the aerospace company's stock worth $10,640,000 after purchasing an additional 4,323 shares in the last quarter. Littlejohn Financial Services Inc. acquired a new position in General Dynamics in the 2nd quarter worth about $2,140,000. Plancorp LLC acquired a new position in General Dynamics in the 2nd quarter worth about $261,000. Retirement Guys Formula LLC increased its holdings in General Dynamics by 3.2% in the 2nd quarter. Retirement Guys Formula LLC now owns 6,410 shares of the aerospace company's stock worth $1,869,000 after purchasing an additional 201 shares in the last quarter. Finally, Herbst Group LLC increased its stake in shares of General Dynamics by 1.0% in the second quarter. Herbst Group LLC now owns 10,504 shares of the aerospace company's stock valued at $3,064,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 86.14% of the company's stock.

Insiders Place Their Bets

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 33,740 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $315.20, for a total value of $10,634,848.00. Following the transaction, the executive vice president owned 45,192 shares in the company, valued at approximately $14,244,518.40. This represents a 42.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 transaction, the vice president owned 16,627 shares in the company, valued at approximately $5,260,782.80. The trade was a 51.56% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 275,020 shares of company stock valued at $86,414,503. 1.50% of the stock is currently owned by corporate insiders.

General Dynamics Trading Up 0.2%

NYSE GD opened at $324.33 on Friday. The business has a 50 day simple moving average of $318.11 and a 200 day simple moving average of $291.03. General Dynamics Corporation has a one year low of $239.20 and a one year high of $330.18. The stock has a market capitalization of $87.24 billion, a P/E ratio of 21.77, a P/E/G ratio of 1.99 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.

General Dynamics (NYSE:GD - Get Free Report) last released its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, topping the consensus estimate of $3.47 by $0.27. The business had revenue of $13.04 billion during the quarter, compared to analysts' expectations of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The firm's revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Research analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be issued a $1.50 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.00 annualized dividend and a yield of 1.8%. General Dynamics's dividend payout ratio is presently 40.27%.

Analyst Ratings Changes

Several analysts recently commented on GD shares. Deutsche Bank Aktiengesellschaft upgraded General Dynamics from a "hold" rating to a "buy" rating and upped their target price for the company from $298.00 to $342.00 in a report on Tuesday, July 8th. Wolfe Research upgraded General Dynamics from a "peer perform" rating to an "outperform" rating and set a $360.00 target price on the stock in a report on Thursday, July 24th. Jefferies Financial Group set a $325.00 target price on General Dynamics and gave the company a "hold" rating in a report on Wednesday, July 9th. Sanford C. Bernstein set a $314.00 target price on General Dynamics and gave the company a "market perform" rating in a report on Monday, July 14th. Finally, Susquehanna upped their target price on General Dynamics from $315.00 to $365.00 and gave the company a "positive" rating in a report on Thursday, July 24th. Nine equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $315.78.

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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