Semmax Financial Advisors Inc. Raises Stake in General Dynamics Corporation $GD

Key Points

• Semmax Financial Advisors Inc. increased its stake in General Dynamics by 259.3% in the first quarter, holding a total of 14,003 shares valued at approximately $3.80 million.
• JPMorgan Chase & Co. raised its price target for General Dynamics shares from $284.00 to $345.00, reflecting a strong outlook as part of a broader analyst trend with a consensus rating of "Hold."
• General Dynamics recently announced a quarterly dividend of $1.50 per share, with an annual yield of 1.9%, to be paid on November 14th to investors of record on October 10th.

Semmax Financial Advisors Inc. increased its holdings in General Dynamics Corporation (NYSE:GD - Free Report) by 259.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,003 shares of the aerospace company's stock after acquiring an additional 10,106 shares during the quarter. Semmax Financial Advisors Inc.'s holdings in General Dynamics were worth $3,803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Rialto Wealth Management LLC increased its stake in shares of General Dynamics by 213.8% in 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 in the last quarter. Inlight Wealth Management LLC bought a new position in shares of General Dynamics in the 1st quarter worth about $26,000. Copia Wealth Management bought a new position in shares of General Dynamics in the 4th quarter worth about $27,000. Smallwood Wealth Investment Management LLC bought a new position in shares of General Dynamics in the 1st quarter worth about $27,000. Finally, Heck Capital Advisors LLC bought a new position in shares of General Dynamics in the 4th quarter worth about $28,000. 86.14% of the stock is currently owned by institutional investors.

General Dynamics Stock Performance

Shares of NYSE GD traded up $6.55 during trading on Thursday, reaching $329.60. 834,075 shares of the company traded hands, compared to its average volume of 773,300. The firm has a 50 day simple moving average of $313.11 and a 200-day simple moving average of $286.42. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $88.66 billion, a PE ratio of 22.12, a P/E/G ratio of 1.98 and a beta of 0.50. General Dynamics Corporation has a 52-week low of $239.20 and a 52-week high of $330.00.

General Dynamics (NYSE:GD - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $13.04 billion for the quarter, compared to the consensus estimate of $12.13 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The business's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm posted $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Equities research analysts anticipate that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

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 issued a $1.50 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.8%. General Dynamics's dividend payout ratio (DPR) is presently 40.27%.

Insider Buying and Selling

In related news, EVP Mark Lagrand Burns sold 43,860 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $312.28, for a total value of $13,696,600.80. Following the transaction, the executive vice president owned 39,875 shares of the company's stock, valued at approximately $12,452,165. This trade represents a 52.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $10,634,848.00. Following the completion of the transaction, the executive vice president directly owned 45,192 shares in the company, valued at approximately $14,244,518.40. The trade was a 42.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 458,260 shares of company stock valued at $138,125,545 in the last 90 days. 1.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on GD shares. JPMorgan Chase & Co. raised their price objective on shares of General Dynamics from $284.00 to $345.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Sanford C. Bernstein set a $314.00 price objective on shares of General Dynamics and gave the company a "market perform" rating in a research note on Monday, July 14th. Barclays raised their price objective on shares of General Dynamics from $285.00 to $350.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft upgraded shares of General Dynamics from a "hold" rating to a "buy" rating and raised their price objective for the company from $298.00 to $342.00 in a research note on Tuesday, July 8th. Finally, TD Cowen raised their price objective on shares of General Dynamics from $290.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Nine 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $315.78.

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.