KG&L Capital Management LLC Has $302,000 Stake in General Dynamics Corporation $GD

Key Points

• KG&L Capital Management LLC reduced its stake in General Dynamics Corporation by 50.7% during the second quarter, owning 1,034 shares valued at $302,000 after selling 1,065 shares.
• Citigroup and other analysts have raised their target prices for General Dynamics, with Citigroup increasing its target from $348 to $368 and eight investment analysts giving the stock a "Buy" rating.
• General Dynamics announced a quarterly dividend of $1.50 per share, which is expected to provide a 1.8% yield to shareholders, with the dividend payment date set for November 14th.

KG&L Capital Management LLC lessened its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 50.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,034 shares of the aerospace company's stock after selling 1,065 shares during the quarter. KG&L Capital Management LLC's holdings in General Dynamics were worth $302,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Rialto Wealth Management LLC boosted its holdings in General Dynamics by 213.8% during the 1st quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock worth $25,000 after acquiring an additional 62 shares during the last quarter. Inlight Wealth Management LLC purchased a new position in General Dynamics during the first quarter worth about $26,000. Smallwood Wealth Investment Management LLC bought a new stake in General Dynamics in the 1st quarter worth about $27,000. Quarry LP increased its stake in General Dynamics by 783.3% in the 1st quarter. Quarry LP now owns 106 shares of the aerospace company's stock valued at $29,000 after buying an additional 94 shares during the last quarter. Finally, Perkins Coie Trust Co lifted its position in shares of General Dynamics by 80.0% during the 1st quarter. Perkins Coie Trust Co now owns 117 shares of the aerospace company's stock worth $32,000 after buying an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Citigroup upped their target price on General Dynamics from $348.00 to $368.00 and gave the company a "buy" rating in a report on Thursday, July 24th. UBS Group raised their target price on General Dynamics from $309.00 to $333.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Barclays lifted their target price on General Dynamics from $285.00 to $350.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. TD Cowen increased their target price on shares of General Dynamics from $290.00 to $300.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Finally, Deutsche Bank Aktiengesellschaft upgraded General Dynamics from a "hold" rating to a "buy" rating and boosted their target price for the company from $298.00 to $342.00 in a research note on Tuesday, July 8th. Nine investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $315.78.

General Dynamics Trading Up 1.9%

Shares of GD opened at $330.54 on Monday. The firm has a 50 day moving average price of $318.73 and a 200-day moving average price of $291.92. 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 fifty-two week low of $239.20 and a fifty-two week high of $330.63. The firm has a market cap of $88.91 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 2.03 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 analysts' consensus estimates 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 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. As a group, equities research analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders 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 yield of 1.8%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics's payout ratio is presently 40.27%.

Insiders Place Their Bets

In other news, EVP Marguerite Amy Gilliland sold 33,740 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $315.20, for a total value of $10,634,848.00. Following the completion of the transaction, the executive vice president owned 45,192 shares in the company, valued at $14,244,518.40. This trade represents a 42.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP William A. Moss sold 17,700 shares of the company's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the completion of the sale, the vice president owned 16,627 shares in the company, valued at approximately $5,260,782.80. This trade represents a 51.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 275,020 shares of company stock valued at $86,414,503 over the last ninety days. 1.50% of the stock is owned by corporate insiders.

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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