Toth Financial Advisory Corp Has $6.89 Million Holdings in General Dynamics Corporation $GD

Key Points

• Toth Financial Advisory Corp increased its holdings in General Dynamics Corporation by 7.1% during the second quarter, acquiring an additional 1,567 shares for a total of $6.89 million.
• CEO Phebe N. Novakovic sold 129,090 shares valued at approximately $40.48 million, marking a 14.36% decrease in her ownership of the stock.
• General Dynamics recently announced a quarterly dividend of $1.50 per share, leading to an annualized dividend payment of $6.00 and a yield of 1.9%.

Toth Financial Advisory Corp lifted its position in General Dynamics Corporation (NYSE:GD - Free Report) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,638 shares of the aerospace company's stock after buying an additional 1,567 shares during the period. Toth Financial Advisory Corp's holdings in General Dynamics were worth $6,894,000 as of its most recent SEC filing.

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

Insider Buying and Selling at General Dynamics

In related news, VP Christopher J. Brady sold 8,150 shares of General Dynamics stock in a transaction dated 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 owned 22,818 shares of the company's stock, valued at approximately $7,328,685.24. The trade was a 26.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP William A. Moss sold 17,700 shares of General Dynamics stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $316.40, for a total transaction 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. The trade was a 51.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 275,020 shares of company stock worth $86,414,503 in the last ninety days. Insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wolfe Research upgraded shares of General Dynamics from a "peer perform" rating to an "outperform" rating and set a $360.00 price target on the stock in a research note on Thursday, July 24th. JPMorgan Chase & Co. lifted their price target 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. Cowen reiterated a "buy" rating on shares of General Dynamics in a research note on Wednesday, June 25th. TD Cowen lifted their price target 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. Finally, Barclays lifted their price target 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. Nine equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $315.78.

General Dynamics Stock Performance

Shares of GD traded up $0.71 during midday trading on Tuesday, reaching $323.37. The stock had a trading volume of 540,593 shares, compared to its average volume of 1,379,604. The firm has a 50 day simple moving average of $316.73 and a 200-day simple moving average of $290.21. General Dynamics Corporation has a one year low of $239.20 and a one year high of $330.18. The firm has a market cap of $86.98 billion, a PE ratio of 21.69, a P/E/G ratio of 1.99 and a beta of 0.50. 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 (NYSE:GD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, beating analysts' consensus estimates of $3.47 by $0.27. The company had revenue of $13.04 billion during 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 company's quarterly revenue was up 8.9% on a year-over-year basis. 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. As a group, sell-side analysts anticipate that General Dynamics Corporation will post 14.83 EPS for the current year.

General Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be issued 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 dividend yield of 1.9%. General Dynamics's payout ratio is presently 40.27%.

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.