TBH Global Asset Management LLC Has $701,000 Stake in General Dynamics Corporation $GD

Key Points

• TBH Global Asset Management LLC has reduced its stake in General Dynamics Corporation by 33.0%, owning 2,402 shares valued at $701,000 after selling 1,181 shares during the second quarter.
• General Dynamics recently reported earnings of $3.74 per share for the quarter, exceeding estimates and reflecting an 8.9% increase in revenue year-over-year.
• The company plans to distribute a quarterly dividend of $1.50 on November 14th, representing an annual yield of 1.8%.

TBH Global Asset Management LLC decreased its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 33.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,402 shares of the aerospace company's stock after selling 1,181 shares during the quarter. TBH Global Asset Management LLC's holdings in General Dynamics were worth $701,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. TOWER TRUST & INVESTMENT Co boosted its stake in General Dynamics by 1.5% in the 2nd quarter. TOWER TRUST & INVESTMENT Co now owns 3,875 shares of the aerospace company's stock valued at $1,130,000 after buying an additional 59 shares in the last quarter. Spirepoint Private Client LLC boosted its stake in General Dynamics by 3.4% in the 2nd quarter. Spirepoint Private Client LLC now owns 26,059 shares of the aerospace company's stock valued at $7,600,000 after buying an additional 863 shares in the last quarter. Processus Wealth & Capital Management LLC boosted its stake in General Dynamics by 4.6% in the second quarter. Processus Wealth & Capital Management LLC now owns 7,078 shares of the aerospace company's stock worth $2,064,000 after purchasing an additional 309 shares in the last quarter. GoalFusion Wealth Management LLC acquired a new position in General Dynamics in the second quarter worth $202,000. Finally, Signaturefd LLC boosted its stake in General Dynamics by 8.0% in the second quarter. Signaturefd LLC now owns 5,752 shares of the aerospace company's stock worth $1,678,000 after purchasing an additional 426 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company's stock.

General Dynamics Trading Up 1.9%

Shares of GD stock opened at $330.54 on Friday. The company's fifty day simple moving average is $318.73 and its two-hundred day simple moving average is $291.70. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. General Dynamics Corporation has a 1 year low of $239.20 and a 1 year high of $330.63. The stock has a market capitalization 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 released its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $12.13 billion. During the same quarter in the prior year, the firm posted $3.26 earnings per share. The business's quarterly revenue 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, analysts anticipate 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 issued a $1.50 dividend. The ex-dividend date 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 40.27%.

Insider Activity

In other news, VP Christopher J. Brady sold 8,150 shares of General Dynamics 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 transaction, the vice president directly owned 22,818 shares in the company, valued at approximately $7,328,685.24. This trade represents a 26.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marguerite Amy Gilliland sold 33,740 shares of the business'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 owned 45,192 shares of the company's stock, valued at approximately $14,244,518.40. The trade was a 42.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 275,020 shares of company stock valued at $86,414,503. 1.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. UBS Group boosted their price objective on General Dynamics from $309.00 to $333.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Sanford C. Bernstein set a $314.00 price target on General Dynamics and gave the stock a "market perform" rating in a research report on Monday, July 14th. Barclays raised their price objective on General Dynamics from $285.00 to $350.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Wolfe Research raised General Dynamics from a "peer perform" rating to an "outperform" rating and set a $360.00 price objective on the stock in a report on Thursday, July 24th. Finally, Citigroup lifted their price objective on General Dynamics from $348.00 to $368.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $315.78.

About General Dynamics

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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