Pure Financial Advisors LLC Raises Position in General Dynamics Corporation $GD

Key Points

• Pure Financial Advisors LLC raised its stake in General Dynamics Corporation by 52.4%, owning a total of 9,181 shares worth approximately $2.68 million as of its latest filing.
• Insider selling has occurred, with Director Mark Malcolm selling 3,220 shares and VP William A. Moss selling 17,700 shares, indicating a significant decrease in their stock ownership.
• The company has announced a quarterly dividend of $1.50 per share, with an ex-dividend date of October 10th, reflecting a 1.8% yield.

Pure Financial Advisors LLC raised its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 52.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,181 shares of the aerospace company's stock after purchasing an additional 3,156 shares during the quarter. Pure Financial Advisors LLC's holdings in General Dynamics were worth $2,678,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Inlight Wealth Management LLC purchased a new stake in shares of General Dynamics during the first quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of General Dynamics during the first quarter valued at approximately $27,000. Quarry LP increased 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 acquiring an additional 94 shares during the last quarter. Perkins Coie Trust Co increased its position in shares of General Dynamics by 80.0% during the first quarter. Perkins Coie Trust Co now owns 117 shares of the aerospace company's stock valued at $32,000 after acquiring an additional 52 shares during the last quarter. Finally, Abound Financial LLC purchased a new stake in shares of General Dynamics during the first quarter valued at approximately $32,000. 86.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at General Dynamics

In related news, Director Mark Malcolm sold 3,220 shares of General Dynamics stock in a transaction on Friday, September 12th. The stock was sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the completion of the sale, the director owned 10,186 shares of the company's stock, valued at approximately $3,355,777.70. This trade represents a 24.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP William A. Moss sold 17,700 shares of General Dynamics stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $316.40, for a total value of $5,600,280.00. Following the sale, the vice president directly owned 16,627 shares of the company's stock, valued at $5,260,782.80. This represents a 51.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 275,020 shares of company stock valued at $86,414,503 in the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

General Dynamics Price Performance

General Dynamics stock opened at $340.91 on Friday. General Dynamics Corporation has a one year low of $239.20 and a one year high of $341.68. The business has a fifty day moving average price of $321.31 and a 200-day moving average price of $293.60. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. The firm has a market capitalization of $91.70 billion, a P/E ratio of 22.88, a PEG ratio of 2.09 and a beta of 0.47.

General Dynamics (NYSE:GD - Get Free Report) last posted 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 return on equity of 17.99% and a net margin of 8.13%.The firm had revenue of $13.04 billion during the quarter, compared to analyst estimates of $12.13 billion. During the same period last year, the company earned $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 forecast that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently commented on GD. TD Cowen increased their price target on General Dynamics from $290.00 to $300.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Citigroup increased their price target on General Dynamics from $348.00 to $368.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. UBS Group raised 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. Susquehanna raised their target price on General Dynamics from $315.00 to $365.00 and gave the stock a "positive" rating in a research report on Thursday, July 24th. Finally, Barclays raised their target price on General Dynamics from $285.00 to $350.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $315.78.

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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