Global Financial Private Client LLC Has $494,000 Stock Holdings in General Dynamics Corporation $GD

Key Points

• Global Financial Private Client LLC increased its holdings in General Dynamics Corporation by 2,465.2%, owning 1,693 shares valued at $494,000 by the end of Q2.
• General Dynamics reported $3.74 earnings per share for the quarter, surpassing analyst expectations, with revenues of $13.04 billion, an 8.9% year-over-year increase.
• The company declared a quarterly dividend of $1.50 per share, which will be paid on November 14th, representing an annual yield of 1.8%.

Global Financial Private Client LLC grew its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 2,465.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,693 shares of the aerospace company's stock after purchasing an additional 1,627 shares during the period. Global Financial Private Client LLC's holdings in General Dynamics were worth $494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Rialto Wealth Management LLC boosted its position 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 in the last quarter. Inlight Wealth Management LLC bought a new position in General Dynamics during the first quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC acquired a new position in General Dynamics during the 1st quarter valued at $27,000. Copia Wealth Management acquired a new position in shares of General Dynamics in the 4th quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC bought a new position in shares of General Dynamics in the 4th quarter valued at about $28,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on GD shares. Citigroup lifted their target price on shares of General Dynamics from $348.00 to $368.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. UBS Group lifted their price target on General Dynamics from $309.00 to $333.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Cowen reiterated a "buy" rating on shares of General Dynamics in a report on Wednesday, June 25th. TD Cowen upped their price objective 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, Susquehanna increased their price objective on shares of 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 issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $315.78.

Insider Buying and Selling at General Dynamics

In other news, VP William A. Moss sold 17,700 shares of the business's 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 transaction, the vice president directly owned 16,627 shares of the company's stock, valued at $5,260,782.80. The trade was a 51.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Lagrand Burns sold 43,860 shares of General Dynamics stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $312.28, for a total value of $13,696,600.80. Following the completion of the sale, the executive vice president owned 39,875 shares of the company's stock, valued at approximately $12,452,165. The trade was a 52.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 275,020 shares of company stock worth $86,414,503 over the last three months. 1.50% of the stock is currently owned by insiders.

General Dynamics Stock Performance

GD stock traded down $2.03 during trading on Monday, hitting $322.05. 258,005 shares of the company's stock traded hands, compared to its average volume of 1,378,212. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $330.18. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average price of $316.37 and a two-hundred day moving average price of $289.85. The stock has a market capitalization of $86.63 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 1.99 and a beta of 0.50.

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

General Dynamics Dividend Announcement

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. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, October 10th. General Dynamics's dividend payout ratio is currently 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.