NBC Securities Inc. Boosts Holdings in General Dynamics Corporation $GD

Key Points

• NBC Securities Inc. increased its stake in General Dynamics Corporation by 12.2%, now owning 8,415 shares valued at $2,454,000 as reported in a recent SEC filing.
• General Dynamics Corporation reported quarterly earnings of $3.74 EPS, exceeding analysts' estimates and showing an 8.9% year-over-year revenue growth to $13.04 billion.
• The company declared a quarterly dividend of $1.50 per share, amounting to a 1.8% dividend yield with a payout ratio of 40.27%.

NBC Securities Inc. lifted its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 12.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,415 shares of the aerospace company's stock after purchasing an additional 915 shares during the period. NBC Securities Inc.'s holdings in General Dynamics were worth $2,454,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rialto Wealth Management LLC lifted its position in General Dynamics by 213.8% during the 1st quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock valued at $25,000 after acquiring an additional 62 shares during the period. Inlight Wealth Management LLC purchased a new position in General Dynamics during the 1st quarter valued at about $26,000. Copia Wealth Management purchased a new position in General Dynamics during the 4th quarter valued at about $27,000. Smallwood Wealth Investment Management LLC purchased a new position in General Dynamics during the 1st quarter valued at about $27,000. Finally, Heck Capital Advisors LLC purchased a new position in General Dynamics during the 4th quarter valued at about $28,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

General Dynamics Stock Performance

Shares of GD stock opened at $326.71 on Tuesday. The company has a 50 day moving average price of $314.39 and a 200-day moving average price of $287.97. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $330.18. The firm has a market capitalization of $87.88 billion, a PE ratio of 21.93, a P/E/G ratio of 2.00 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 results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, topping 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 firm had revenue of $13.04 billion during the quarter, compared to analyst estimates of $12.13 billion. During the same period in the previous year, the business posted $3.26 earnings per share. The business's revenue for the quarter was up 8.9% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. As a group, equities research analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current 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 paid a $1.50 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. General Dynamics's payout ratio is currently 40.27%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GD shares. Robert W. Baird lifted their price target on shares of General Dynamics from $283.00 to $350.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Wolfe Research raised shares of General Dynamics from a "peer perform" rating to an "outperform" rating and set a $360.00 price target for the company in a research report on Thursday, July 24th. Sanford C. Bernstein set a $314.00 target price on shares of General Dynamics and gave the stock a "market perform" rating in a report on Monday, July 14th. UBS Group lifted their target price on shares of General Dynamics from $309.00 to $333.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Finally, Barclays lifted their target price on shares of General Dynamics from $285.00 to $350.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Nine investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $315.78.

Insider Transactions at General Dynamics

In related news, VP Christopher J. Brady sold 8,150 shares of the business's stock in a transaction that occurred on Monday, August 25th. The shares were 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 in the company, valued at approximately $7,328,685.24. The trade was a 26.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Phebe N. Novakovic sold 129,090 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer owned 769,607 shares of the company's stock, valued at $241,325,666.99. This trade represents a 14.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 271,800 shares of company stock valued at $85,353,674. Company insiders own 1.50% of the company's stock.

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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