General Dynamics Corporation $GD Stock Holdings Lifted by GAMMA Investing LLC

Key Points

• GAMMA Investing LLC increased its stake in General Dynamics Corporation by 26.1% during the second quarter, holding shares valued at approximately $1.68 million.
• Several analysts have raised their price targets for General Dynamics, with the average target now at $315.78, signaling a generally favorable outlook for the stock.
• General Dynamics announced a quarterly dividend of $1.50 per share, representing an annualized yield of 1.9% and a payout ratio of 40.27%.

GAMMA Investing LLC raised its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 26.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,756 shares of the aerospace company's stock after buying an additional 1,190 shares during the period. GAMMA Investing LLC's holdings in General Dynamics were worth $1,679,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. U.S. Capital Wealth Advisors LLC increased its holdings in shares of General Dynamics by 1.4% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 70,416 shares of the aerospace company's stock valued at $20,538,000 after buying an additional 959 shares in the last quarter. Toth Financial Advisory Corp increased its holdings in shares of General Dynamics by 7.1% in the second quarter. Toth Financial Advisory Corp now owns 23,638 shares of the aerospace company's stock valued at $6,894,000 after buying an additional 1,567 shares in the last quarter. Southland Equity Partners LLC increased its holdings in shares of General Dynamics by 3.2% in the second quarter. Southland Equity Partners LLC now owns 1,185 shares of the aerospace company's stock valued at $346,000 after buying an additional 37 shares in the last quarter. Whitener Capital Management Inc. increased its holdings in shares of General Dynamics by 2.5% in the second quarter. Whitener Capital Management Inc. now owns 3,648 shares of the aerospace company's stock valued at $1,064,000 after buying an additional 88 shares in the last quarter. Finally, Sowell Financial Services LLC increased its holdings in shares of General Dynamics by 3.5% in the second quarter. Sowell Financial Services LLC now owns 3,273 shares of the aerospace company's stock valued at $955,000 after buying an additional 110 shares in the last quarter. Institutional investors own 86.14% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on GD shares. Robert W. Baird upped their price target on General Dynamics from $283.00 to $350.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Jefferies Financial Group set a $325.00 target price on shares of General Dynamics and gave the company a "hold" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. boosted their target price 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. Susquehanna boosted their target price on shares of General Dynamics from $315.00 to $365.00 and gave the company a "positive" rating in a research note on Thursday, July 24th. Finally, Barclays boosted their target price 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. Nine 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 MarketBeat, the company presently has an average rating of "Hold" and an average target price of $315.78.

Insider Transactions at General Dynamics

In related news, EVP Marguerite Amy Gilliland sold 33,740 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president directly 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 document filed with the SEC, which is accessible through this link. Also, Director Mark Malcolm sold 3,220 shares of the company's stock in a transaction on Friday, September 12th. The stock was 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 owned 10,186 shares of the company's stock, valued at $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 a total of 275,020 shares of company stock valued at $86,414,503 in the last three months. 1.50% of the stock is currently owned by company insiders.

General Dynamics Trading Down 0.3%

General Dynamics stock opened at $323.05 on Tuesday. The company's fifty day simple moving average is $316.73 and its 200-day simple moving average is $290.21. 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 Corporation has a 12 month low of $239.20 and a 12 month high of $330.18. The stock has a market cap of $86.90 billion, a P/E ratio of 21.68, a P/E/G ratio of 1.99 and a beta of 0.50.

General Dynamics (NYSE:GD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 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 business had revenue of $13.04 billion for the quarter, compared to analysts' expectations of $12.13 billion. During the same period in the previous year, the company posted $3.26 EPS. General Dynamics's revenue was up 8.9% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, sell-side analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors 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 dividend on an annualized basis and a yield of 1.9%. General Dynamics's dividend payout ratio is currently 40.27%.

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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