General Dynamics Corporation $GD Position Boosted by HF Advisory Group LLC

Key Points

• HF Advisory Group LLC increased its holdings in General Dynamics Corporation by 30.2% during the 2nd quarter, bringing their total value to $1.59 million.
• CEO Phebe N. Novakovic sold 129,090 shares, reducing her stake by 14.36%, while corporate insiders collectively sold 275,020 shares in the past three months.
• General Dynamics is set to pay a quarterly dividend of $1.50 on November 14th, representing an annualized yield of 1.8%.

HF Advisory Group LLC lifted its holdings in General Dynamics Corporation (NYSE:GD - Free Report) by 30.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,465 shares of the aerospace company's stock after purchasing an additional 1,268 shares during the quarter. HF Advisory Group LLC's holdings in General Dynamics were worth $1,594,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the company. Rialto Wealth Management LLC boosted its holdings in shares of 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 during the period. Inlight Wealth Management LLC bought a new stake in General Dynamics in the first quarter valued at about $26,000. Copia Wealth Management acquired a new stake in shares of General Dynamics during the fourth quarter worth approximately $27,000. Smallwood Wealth Investment Management LLC bought a new position in General Dynamics in the 1st quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of General Dynamics during the fourth quarter worth $28,000. Institutional investors own 86.14% of the company's stock.

Insider Buying and Selling at General Dynamics

In other news, VP Christopher J. Brady sold 8,150 shares of the company's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the completion of the sale, the vice president directly owned 22,818 shares of the company's stock, valued at $7,328,685.24. This represents a 26.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the firm's stock in a transaction dated 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 completion of 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 275,020 shares of company stock worth $86,414,503. Company insiders own 1.50% of the company's stock.

General Dynamics Price Performance

NYSE GD traded down $2.03 during trading hours on Monday, hitting $322.05. 258,005 shares of the company's stock traded hands, compared to its average volume of 1,378,212. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $330.18. The firm's 50-day moving average is $316.37 and its 200-day moving average is $289.85. The company has a market capitalization of $86.63 billion, a PE ratio of 21.62, a PEG ratio of 1.99 and a beta of 0.50.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, beating 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 business had revenue of $13.04 billion for the quarter, compared to analysts' expectations of $12.13 billion. During the same period last year, the firm earned $3.26 earnings per share. The company's revenue for the quarter was up 8.9% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Equities analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Citigroup raised 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. Jefferies Financial Group set a $325.00 price target on shares of General Dynamics and gave the stock a "hold" rating in a research report on Wednesday, July 9th. Sanford C. Bernstein set a $314.00 price objective on General Dynamics and gave the stock a "market perform" rating in a research note on Monday, July 14th. Cowen reiterated a "buy" rating on shares of General Dynamics in a research report on Wednesday, June 25th. Finally, Robert W. Baird increased their price objective on shares of General Dynamics from $283.00 to $350.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Nine investment 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, the stock currently has an average rating of "Hold" and a consensus target price 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.