TruWealth Advisors LLC Makes New $7.68 Million Investment in General Dynamics Corporation $GD

Key Points

• TruWealth Advisors LLC has made a new investment of approximately $7.68 million in General Dynamics Corporation (NYSE:GD), acquiring 26,337 shares during the second quarter.
• General Dynamics recently reported an earnings per share (EPS) of $3.74, beating analysts' expectations, and reported revenues of $13.04 billion for the quarter.
• The company announced a quarterly dividend of $1.50, which equates to an annualized yield of 1.8%, with the payment set to be made on November 14th.

TruWealth Advisors LLC bought a new stake in shares of General Dynamics Corporation (NYSE:GD - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 26,337 shares of the aerospace company's stock, valued at approximately $7,682,000.

A number of other institutional investors have also added to or reduced their stakes in GD. Rialto Wealth Management LLC increased its position in General Dynamics by 213.8% during the 1st quarter. Rialto Wealth Management LLC now owns 91 shares of the aerospace company's stock valued at $25,000 after purchasing an additional 62 shares during the period. Inlight Wealth Management LLC purchased a new position in General Dynamics during the 1st quarter valued at about $26,000. Copia Wealth Management purchased a new position in General Dynamics during the 4th quarter valued at about $27,000. Smallwood Wealth Investment Management LLC purchased a new position in General Dynamics during the 1st quarter valued at about $27,000. Finally, Heck Capital Advisors LLC purchased a new position in General Dynamics during the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 86.14% of the company's stock.

General Dynamics Stock Down 1.0%

GD stock opened at $326.23 on Friday. The firm has a 50 day moving average of $313.76 and a 200 day moving average of $287.21. The stock has a market capitalization of $87.75 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 2.02 and a beta of 0.50. The company has a quick ratio of 0.83, a current ratio of 1.36 and a debt-to-equity ratio of 0.32. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $330.18.

General Dynamics (NYSE:GD - Get Free Report) last released its 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. The company had revenue of $13.04 billion during the quarter, compared to analysts' expectations 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 period last year, the business earned $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Sell-side analysts forecast that General Dynamics Corporation will post 14.83 earnings per share 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 paid a $1.50 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. General Dynamics's dividend payout ratio (DPR) is 40.27%.

Insider Buying and Selling

In other General Dynamics news, VP William A. Moss sold 17,700 shares of General Dynamics stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the completion of the sale, the vice president directly owned 16,627 shares in the company, valued at approximately $5,260,782.80. The trade was a 51.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Phebe N. Novakovic sold 129,090 shares of General Dynamics stock in a transaction that occurred 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 sale, the chief executive officer owned 769,607 shares of the company's stock, valued at approximately $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 279,439 shares of company stock worth $87,495,956 over the last ninety days. Company insiders own 1.50% of the company's stock.

Wall Street Analyst Weigh In

GD has been the topic of a number of research reports. Cowen reissued a "buy" rating on shares of General Dynamics in a research report on Wednesday, June 25th. Barclays lifted their price objective on shares of General Dynamics from $285.00 to $350.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Susquehanna lifted their price objective on shares of General Dynamics from $315.00 to $365.00 and gave the stock a "positive" rating in a research report on Thursday, July 24th. Jefferies Financial Group set a $325.00 price objective on shares of General Dynamics and gave the stock a "hold" rating in a research report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of General Dynamics from $284.00 to $345.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Nine equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, General Dynamics presently has an average rating of "Hold" and an average target price 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.

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