Integrity Alliance LLC. Purchases 7,560 Shares of General Dynamics Corporation $GD

Key Points

• Integrity Alliance LLC significantly increased its stake in General Dynamics by acquiring 7,560 shares, resulting in an 808.6% increase in its holdings during the first quarter, now valued at $2.316 million.
• Multiple analysts have raised their target prices for General Dynamics, with Barclays updating its target from $285.00 to $350.00 and UBS moving from $309.00 to $333.00, indicating strong market confidence in the company's performance.
• General Dynamics announced a quarterly dividend of $1.50 payable on November 14th, which results in an annualized yield of 1.9%, showcasing its commitment to returning value to shareholders.

Integrity Alliance LLC. raised its position in General Dynamics Corporation (NYSE:GD - Free Report) by 808.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,495 shares of the aerospace company's stock after acquiring an additional 7,560 shares during the quarter. Integrity Alliance LLC.'s holdings in General Dynamics were worth $2,316,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GD. Rialto Wealth Management LLC lifted its stake in shares of General Dynamics by 213.8% in the 1st 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 purchased a new stake in General Dynamics during the first quarter valued at approximately $26,000. Copia Wealth Management bought a new position in General Dynamics in the fourth quarter worth approximately $27,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of General Dynamics during the 1st quarter worth $27,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of General Dynamics during the 4th quarter valued at $28,000. 86.14% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Mark Malcolm sold 1,210 shares of General Dynamics stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $319.04, for a total transaction of $386,038.40. Following the completion of the sale, the director owned 10,186 shares in the company, valued at $3,249,741.44. This trade represents a 10.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of the company's stock in a transaction dated 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 transaction, the vice president owned 22,818 shares in the company, valued at $7,328,685.24. This represents a 26.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 458,260 shares of company stock worth $138,125,545 in the last three months. Corporate insiders own 1.50% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on GD shares. Barclays lifted their target price on General Dynamics from $285.00 to $350.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. UBS Group boosted their price objective on General Dynamics from $309.00 to $333.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Jefferies Financial Group set a $325.00 target price on shares of General Dynamics and gave the stock a "hold" rating in a report on Wednesday, July 9th. Wolfe Research raised shares of General Dynamics from a "peer perform" rating to an "outperform" rating and set a $360.00 price target on the stock in a report on Thursday, July 24th. Finally, Cowen reissued a "buy" rating on shares of General Dynamics in a research note on Wednesday, June 25th. Nine equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $315.78.

General Dynamics Trading Up 0.5%

Shares of GD opened at $322.84 on Thursday. The firm has a market cap of $86.84 billion, a P/E ratio of 21.67, a price-to-earnings-growth ratio of 1.97 and a beta of 0.50. 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 1 year low of $239.20 and a 1 year high of $326.02. The company has a 50 day simple moving average of $312.40 and a two-hundred day simple moving average of $285.84.

General Dynamics (NYSE:GD - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, topping analysts' consensus estimates of $3.47 by $0.27. The firm had revenue of $13.04 billion during the quarter, compared to analyst estimates 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 in the prior year, the business earned $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, equities analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

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 $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, October 10th. General Dynamics's dividend payout ratio is presently 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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