JB Capital LLC Has $2.02 Million Holdings in General Dynamics Corporation $GD

Key Points

• JB Capital LLC increased its investment in General Dynamics Corporation by **350.2%**, holding a total of **6,929 shares** worth about **$2.02 million** as of the second quarter.
• CEO Phebe N. Novakovic sold **129,090 shares** of General Dynamics stock for approximately **$40.48 million**, resulting in a **14.36%** decrease in her ownership position.
• General Dynamics announced a quarterly dividend of **$1.50 per share**, yielding **1.8%**, with the dividend payment scheduled for **November 14th** to investors of record as of **October 10th**.

JB Capital LLC boosted its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 350.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,929 shares of the aerospace company's stock after purchasing an additional 5,390 shares during the quarter. JB Capital LLC's holdings in General Dynamics were worth $2,021,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Inlight Wealth Management LLC acquired a new stake in General Dynamics in the first quarter worth $26,000. Smallwood Wealth Investment Management LLC bought a new position in shares of General Dynamics during the first quarter valued at about $27,000. Quarry LP lifted its position in shares of General Dynamics by 783.3% during the first quarter. Quarry LP now owns 106 shares of the aerospace company's stock valued at $29,000 after purchasing an additional 94 shares in the last quarter. Abound Financial LLC bought a new position in shares of General Dynamics during the first quarter valued at about $32,000. Finally, Nova Wealth Management Inc. bought a new position in shares of General Dynamics during the first quarter valued at about $33,000. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at General Dynamics

In related news, CEO Phebe N. Novakovic sold 129,090 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the completion of the sale, the chief executive officer directly owned 769,607 shares in the company, valued at $241,325,666.99. This represents a 14.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark Malcolm sold 3,220 shares of the company's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following 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 worth $86,414,503 over the last ninety days. Insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GD. Citigroup raised their price target on shares of General Dynamics from $348.00 to $368.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Robert W. Baird increased 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. Cowen reaffirmed a "buy" rating on shares of General Dynamics in a research note on Wednesday, June 25th. UBS Group boosted their price objective on shares of General Dynamics from $309.00 to $333.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Susquehanna boosted their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $319.00.

General Dynamics Price Performance

Shares of General Dynamics stock opened at $342.81 on Friday. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $347.37. The stock has a market capitalization of $92.21 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 2.12 and a beta of 0.47. The company has a fifty day moving average of $324.48 and a 200-day moving average of $296.30. 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 (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 analysts' consensus estimates of $3.47 by $0.27. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The company had revenue of $13.04 billion during the quarter, compared to analysts' expectations of $12.13 billion. During the same quarter in the prior year, the company earned $3.26 EPS. The firm'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. Equities research analysts expect that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

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

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.

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