Talon Private Wealth LLC Has $2.71 Million Stake in General Dynamics Corporation $GD

Key Points

• Talon Private Wealth LLC significantly increased its holdings in General Dynamics Corporation by 5,585.2% during the first quarter, owning a total of 10,006 shares valued at approximately $2.7 million.
• Insider trading activity included CEO Phebe N. Novakovic selling 178,821 shares, reducing her stake by 18.85%, while other executives also sold shares recently, collectively amounting to $138.1 million in the last 90 days.
• General Dynamics announced a quarterly dividend of $1.50, which will be paid to stockholders on November 14th, indicating an annualized yield of 1.9% and a payout ratio of 40.27%.

Talon Private Wealth LLC grew its stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) by 5,585.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,006 shares of the aerospace company's stock after acquiring an additional 9,830 shares during the period. Talon Private Wealth LLC's holdings in General Dynamics were worth $2,709,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Retirement Guys Formula LLC acquired a new position in shares of General Dynamics during the 1st quarter worth approximately $1,692,000. Advisory Resource Group boosted its position in General Dynamics by 7.1% during the 1st quarter. Advisory Resource Group now owns 19,200 shares of the aerospace company's stock worth $5,234,000 after purchasing an additional 1,276 shares during the period. Mission Wealth Management LP boosted its position in General Dynamics by 18.9% during the 1st quarter. Mission Wealth Management LP now owns 16,144 shares of the aerospace company's stock worth $4,401,000 after purchasing an additional 2,568 shares during the period. Matrix Asset Advisors Inc. NY boosted its position in General Dynamics by 31.6% during the 1st quarter. Matrix Asset Advisors Inc. NY now owns 33,644 shares of the aerospace company's stock worth $9,171,000 after purchasing an additional 8,073 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. lifted its holdings in General Dynamics by 11.5% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 16,522 shares of the aerospace company's stock worth $4,504,000 after buying an additional 1,704 shares in the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP William A. Moss sold 17,700 shares of the firm's 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 transaction, the vice president directly 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Phebe N. Novakovic sold 129,090 shares of the firm'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 transaction, the chief executive officer owned 769,607 shares in the company, valued at $241,325,666.99. The trade was a 14.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 279,439 shares of company stock worth $87,495,956 in the last ninety days. 1.50% of the stock is owned by insiders.

General Dynamics Stock Down 0.6%

GD stock traded down $2.12 during midday trading on Friday, reaching $327.50. The company had a trading volume of 192,777 shares, compared to its average volume of 1,381,043. The company has a market capitalization of $88.09 billion, a P/E ratio of 21.98, a PEG ratio of 1.98 and a beta of 0.50. The company has a 50 day moving average of $313.11 and a two-hundred day moving average of $286.42. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $330.18.

General Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, beating analysts' consensus estimates of $3.47 by $0.27. The business 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%. General Dynamics's revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, equities research analysts expect that General Dynamics Corporation will post 14.83 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be issued a dividend of $1.50 per share. 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 dividend payout ratio (DPR) is currently 40.27%.

Analyst Ratings Changes

A number of brokerages have commented on GD. Jefferies Financial Group set a $325.00 price objective on shares of General Dynamics and gave the stock a "hold" rating in a report on Wednesday, July 9th. Wolfe Research upgraded shares of General Dynamics from a "peer perform" rating to an "outperform" rating and set a $360.00 price objective on the stock in a research note on Thursday, July 24th. Sanford C. Bernstein set a $314.00 price target on shares of General Dynamics and gave the company a "market perform" rating in a research note on Monday, July 14th. TD Cowen increased their price objective on shares of General Dynamics from $290.00 to $300.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Finally, Robert W. Baird increased their price objective on shares of General Dynamics from $283.00 to $350.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Nine equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, General Dynamics currently has a consensus rating of "Hold" and an average 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.