General Dynamics Corporation $GD Shares Purchased by FCG Investment Co

Key Points

• FCG Investment Co increased its stake in General Dynamics Corporation by 19.4%, owning a total of 6,914 shares valued at approximately $2 million, making it the 23rd largest position in their portfolio.
• General Dynamics will pay a quarterly dividend of $1.50 per share on November 14, reflecting an annualized dividend yield of 1.8% and a payout ratio of 40.27%.
• Recent ratings upgrades from several research firms have set price targets for General Dynamics as high as $368.00, contributing to a consensus rating of "Hold" among analysts.

FCG Investment Co raised its position in General Dynamics Corporation (NYSE:GD - Free Report) by 19.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,914 shares of the aerospace company's stock after purchasing an additional 1,122 shares during the quarter. General Dynamics comprises 1.1% of FCG Investment Co's investment portfolio, making the stock its 23rd biggest position. FCG Investment Co's holdings in General Dynamics were worth $2,017,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rialto Wealth Management LLC boosted its holdings in General Dynamics by 213.8% in the 1st quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock valued at $25,000 after purchasing an additional 62 shares during the last quarter. Inlight Wealth Management LLC acquired a new position in General Dynamics in the 1st quarter valued at about $26,000. Smallwood Wealth Investment Management LLC acquired a new position in General Dynamics in the 1st quarter valued at about $27,000. Copia Wealth Management acquired a new position in General Dynamics in the 4th quarter valued at about $27,000. Finally, Quarry LP boosted its holdings in General Dynamics by 783.3% in the 1st quarter. Quarry LP now owns 106 shares of the aerospace company's stock valued at $29,000 after purchasing an additional 94 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 shares were sold at an average price of $315.20, for a total value of $10,634,848.00. Following the sale, the executive vice president directly owned 45,192 shares of the company's stock, valued at approximately $14,244,518.40. This represents a 42.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mark Malcolm sold 3,220 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the completion of the sale, the director directly owned 10,186 shares in the company, valued at approximately $3,355,777.70. This represents a 24.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 275,020 shares of company stock worth $86,414,503 over the last 90 days. Company insiders own 1.50% of the company's stock.

General Dynamics Price Performance

Shares of GD opened at $324.33 on Friday. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $330.18. The firm's 50 day moving average price is $318.11 and its 200 day moving average price is $291.03. The company has a market cap of $87.24 billion, a P/E ratio of 21.77, a PEG ratio of 1.99 and a beta of 0.50. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32.

General Dynamics (NYSE:GD - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, topping 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 firm had revenue of $13.04 billion for the quarter, compared to the consensus estimate of $12.13 billion. During the same period in the prior year, the firm earned $3.26 EPS. 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. On average, research analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GD. Wolfe Research upgraded shares of 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. Deutsche Bank Aktiengesellschaft raised shares of General Dynamics from a "hold" rating to a "buy" rating and boosted their price target for the company from $298.00 to $342.00 in a research note on Tuesday, July 8th. Barclays boosted their price target on shares of General Dynamics from $285.00 to $350.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. JPMorgan Chase & Co. boosted their price target on shares of General Dynamics from $284.00 to $345.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, Citigroup boosted their price target on shares of General Dynamics from $348.00 to $368.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Nine research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, General Dynamics presently has a consensus rating of "Hold" and a consensus 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.

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