Investment Advisory Services Inc. TX ADV Makes New $227,000 Investment in General Dynamics Corporation $GD

Key Points

• Investment Advisory Services Inc. invested approximately $227,000 in General Dynamics Corporation, acquiring 777 shares during the second quarter.
• CEO Phebe N. Novakovic sold 129,090 shares for over $40 million, resulting in a 14.36% decrease in her ownership.
• General Dynamics announced a quarterly dividend of $1.50 per share, representing an annualized yield of 1.8%.

Investment Advisory Services Inc. TX ADV purchased a new position in shares of General Dynamics Corporation (NYSE:GD - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 777 shares of the aerospace company's stock, valued at approximately $227,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Salvus Wealth Management LLC increased its stake in General Dynamics by 2.9% during the second quarter. Salvus Wealth Management LLC now owns 1,274 shares of the aerospace company's stock worth $372,000 after acquiring an additional 36 shares during the last quarter. Principal Securities Inc. boosted its position in shares of General Dynamics by 0.5% in the first quarter. Principal Securities Inc. now owns 8,203 shares of the aerospace company's stock worth $2,161,000 after buying an additional 37 shares during the period. Sharpepoint LLC boosted its position in shares of General Dynamics by 4.2% in the first quarter. Sharpepoint LLC now owns 917 shares of the aerospace company's stock worth $249,000 after buying an additional 37 shares during the period. United Asset Strategies Inc. boosted its position in shares of General Dynamics by 1.2% in the first quarter. United Asset Strategies Inc. now owns 3,140 shares of the aerospace company's stock worth $856,000 after buying an additional 37 shares during the period. Finally, Southland Equity Partners LLC boosted its position 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 worth $346,000 after buying an additional 37 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at General Dynamics

In other news, CEO Phebe N. Novakovic sold 129,090 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the sale, the chief executive officer directly owned 769,607 shares in the company, valued at approximately $241,325,666.99. This represents a 14.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $321.18, for a total value of $2,617,617.00. Following the sale, 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. In the last three months, insiders sold 275,020 shares of company stock worth $86,414,503. Corporate insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Sanford C. Bernstein set a $314.00 target price on General Dynamics and gave the stock a "market perform" rating in a research report on Monday, July 14th. Robert W. Baird upped their target price on General Dynamics from $283.00 to $350.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. UBS Group upped their target price on General Dynamics from $309.00 to $333.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Cowen reaffirmed a "buy" rating on shares of General Dynamics in a research report on Wednesday, June 25th. Finally, Wall Street Zen downgraded General Dynamics from a "buy" rating to a "hold" rating in a research report on Friday. Nine equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, General Dynamics presently has an average rating of "Hold" and a consensus target price of $315.78.

General Dynamics Trading Up 1.9%

Shares of NYSE GD opened at $330.54 on Monday. The stock's 50 day moving average price is $318.73 and its two-hundred day moving average price is $291.92. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $330.63. The stock has a market capitalization of $88.91 billion, a P/E ratio of 22.18, a PEG ratio of 2.03 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 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 firm had revenue of $13.04 billion for the quarter, compared to analysts' expectations of $12.13 billion. During the same quarter in the prior year, the firm posted $3.26 earnings per share. General Dynamics'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. On average, analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

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

General Dynamics Company 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.

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