Goelzer Investment Management Inc. Has $2.30 Million Stake in General Dynamics Corporation $GD

Key Points

• Goelzer Investment Management Inc. has increased its stake in General Dynamics Corporation by 328.5%, owning a total of 7,875 shares valued at approximately $2.3 million after acquiring an additional 6,037 shares.
• General Dynamics reported earnings per share of $3.74 for the recent quarter, exceeding analyst expectations, with a revenue of $13.04 billion and an anticipated FY 2025 EPS guidance of $15.050 to $15.150.
• The company announced a quarterly dividend of $1.50 per share, equating to an annualized dividend of $6.00 and a yield of 1.8%, with the ex-dividend date set for October 10th.

Goelzer Investment Management Inc. grew its position in General Dynamics Corporation (NYSE:GD - Free Report) by 328.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,875 shares of the aerospace company's stock after purchasing an additional 6,037 shares during the period. Goelzer Investment Management Inc.'s holdings in General Dynamics were worth $2,297,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Rialto Wealth Management LLC boosted its holdings in shares of General Dynamics by 213.8% in the first quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock valued at $25,000 after acquiring an additional 62 shares in the last quarter. Inlight Wealth Management LLC bought a new position in shares of General Dynamics in the first quarter valued at approximately $26,000. Copia Wealth Management bought a new position in shares of General Dynamics in the fourth quarter valued at approximately $27,000. Smallwood Wealth Investment Management LLC bought a new position in shares of General Dynamics in the first quarter valued at approximately $27,000. Finally, Heck Capital Advisors LLC bought a new position in shares of General Dynamics in the fourth quarter valued at approximately $28,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at General Dynamics

In other news, EVP Marguerite Amy Gilliland sold 33,740 shares of the firm's stock in a transaction on Friday, August 8th. The shares were 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 in the company, valued at approximately $14,244,518.40. This trade represents a 42.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher J. Brady sold 8,150 shares of the firm's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the completion of the transaction, the vice president owned 22,818 shares in the company, valued at $7,328,685.24. The trade was a 26.32% 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 in the last ninety days. Company insiders own 1.50% of the company's stock.

General Dynamics Stock Down 0.1%

Shares of General Dynamics stock traded down $0.47 during midday trading on Friday, reaching $324.10. 2,654,532 shares of the company's stock traded hands, compared to its average volume of 826,872. The company has a market cap of $87.18 billion, a price-to-earnings ratio of 21.75, a price-to-earnings-growth ratio of 1.99 and a beta of 0.50. The company's 50 day simple moving average is $316.37 and its 200 day simple moving average is $289.68. 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 52 week low of $239.20 and a 52 week high of $330.18.

General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, beating analysts' consensus estimates of $3.47 by $0.27. The business 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 for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Equities analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a dividend of $1.50 per share. The ex-dividend date is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. General Dynamics's dividend payout ratio (DPR) is currently 40.27%.

Analyst Ratings Changes

GD has been the subject of several recent research reports. Citigroup increased their target price 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. Barclays raised their target price on shares of General Dynamics from $285.00 to $350.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Susquehanna raised their target price on shares of General Dynamics from $315.00 to $365.00 and gave the stock a "positive" rating in a report on Thursday, July 24th. Cowen restated a "buy" rating on shares of General Dynamics in a report on Wednesday, June 25th. Finally, Wolfe Research upgraded shares of General Dynamics from a "peer perform" rating to an "outperform" rating and set a $360.00 target price for the company 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 assigned a Sell rating to the company. According to MarketBeat, General Dynamics currently 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.