General Dynamics Corporation $GD Shares Purchased by Concurrent Investment Advisors LLC

Key Points

• Concurrent Investment Advisors LLC increased its stake in General Dynamics Corporation by 19.6%, owning 18,841 shares valued at $5,495,000 at the end of the second quarter.
• General Dynamics reported an EPS of $3.74 in its recent quarterly earnings, beating analysts' expectations, and set its FY 2025 EPS guidance at 15.050-15.150.
• The company declared a quarterly dividend of $1.50 per share, resulting in an annualized dividend of $6.00 and a yield of 1.8%.

Concurrent Investment Advisors LLC boosted its stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 19.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,841 shares of the aerospace company's stock after acquiring an additional 3,089 shares during the quarter. Concurrent Investment Advisors LLC's holdings in General Dynamics were worth $5,495,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Retirement Guys Formula LLC purchased a new position in General Dynamics during the first quarter valued at approximately $1,692,000. Advisory Resource Group raised its position in General Dynamics by 7.1% during the first quarter. Advisory Resource Group now owns 19,200 shares of the aerospace company's stock valued at $5,234,000 after acquiring an additional 1,276 shares in the last quarter. Mission Wealth Management LP raised its position in General Dynamics by 18.9% during the first quarter. Mission Wealth Management LP now owns 16,144 shares of the aerospace company's stock valued at $4,401,000 after acquiring an additional 2,568 shares in the last quarter. Matrix Asset Advisors Inc. NY raised its position in General Dynamics by 31.6% during the first quarter. Matrix Asset Advisors Inc. NY now owns 33,644 shares of the aerospace company's stock valued at $9,171,000 after acquiring an additional 8,073 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. raised its position in General Dynamics by 11.5% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 16,522 shares of the aerospace company's stock valued at $4,504,000 after acquiring an additional 1,704 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on GD. 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. JPMorgan Chase & Co. boosted their price objective on General Dynamics from $284.00 to $345.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Cowen restated a "buy" rating on shares of General Dynamics in a research report on Wednesday, June 25th. Susquehanna boosted their price objective on General Dynamics from $315.00 to $365.00 and gave the company a "positive" rating in a research report on Thursday, July 24th. Finally, Wolfe Research boosted their price objective on General Dynamics from $360.00 to $400.00 and gave the company an "outperform" rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $324.11.

General Dynamics Stock Down 2.8%

Shares of GD opened at $333.03 on Monday. 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 one year low of $239.20 and a one year high of $347.37. The stock has a market capitalization of $89.58 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 2.05 and a beta of 0.47. The stock has a 50 day moving average price of $324.93 and a 200 day moving average price of $297.14.

General Dynamics (NYSE:GD - Get Free Report) last issued its quarterly 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. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The firm had revenue of $13.04 billion during the quarter, compared to analysts' expectations of $12.13 billion. During the same period in the previous year, the business earned $3.26 earnings per share. 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. Equities research analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

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

Insider Activity at General Dynamics

In other General Dynamics news, EVP Marguerite Amy Gilliland sold 33,740 shares of the business's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $315.20, for a total transaction of $10,634,848.00. Following the transaction, the executive vice president owned 45,192 shares of the company's stock, valued at approximately $14,244,518.40. The trade was a 42.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP William A. Moss sold 17,700 shares of the business's stock in a transaction 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 in the company, valued at $5,260,782.80. This trade represents a 51.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 275,020 shares of company stock valued at $86,414,503 in the last three months. Company insiders own 1.50% of the company's stock.

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.

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