General Dynamics Corporation $GD Shares Bought by U.S. Capital Wealth Advisors LLC

Key Points

• U.S. Capital Wealth Advisors LLC increased its stake in General Dynamics Corporation by 1.4%, acquiring a total of 70,416 shares valued at approximately $20.5 million.
• Institutional ownership comprises 86.14% of General Dynamics' stock, reflecting significant investment interest from various firms.
• General Dynamics' quarterly earnings surpassed estimates, with earnings of $3.74 per share and revenues of $13.04 billion, indicating an 8.9% year-over-year growth.

U.S. Capital Wealth Advisors LLC grew its position in General Dynamics Corporation (NYSE:GD - Free Report) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,416 shares of the aerospace company's stock after purchasing an additional 959 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in General Dynamics were worth $20,538,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Principal Securities Inc. raised its position in General Dynamics by 0.5% in the first quarter. Principal Securities Inc. now owns 8,203 shares of the aerospace company's stock worth $2,161,000 after acquiring an additional 37 shares during the period. Sharpepoint LLC increased its position in shares of General Dynamics by 4.2% during the first quarter. Sharpepoint LLC now owns 917 shares of the aerospace company's stock valued at $249,000 after buying an additional 37 shares during the period. United Asset Strategies Inc. lifted its stake in General Dynamics by 1.2% in the 1st quarter. United Asset Strategies Inc. now owns 3,140 shares of the aerospace company's stock worth $856,000 after purchasing an additional 37 shares in the last quarter. Southland Equity Partners LLC grew its position in General Dynamics by 3.2% during the second quarter. Southland Equity Partners LLC now owns 1,185 shares of the aerospace company's stock worth $346,000 after buying an additional 37 shares in the last quarter. Finally, 1858 Wealth Management LLC lifted its position in General Dynamics by 1.2% during the first quarter. 1858 Wealth Management LLC now owns 3,224 shares of the aerospace company's stock valued at $879,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 86.14% of the company's stock.

Insider Activity

In other news, EVP Marguerite Amy Gilliland sold 33,740 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $315.20, for a total value of $10,634,848.00. Following the sale, the executive vice president owned 45,192 shares in the company, valued at $14,244,518.40. This represents a 42.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher J. Brady sold 8,150 shares of General Dynamics stock in a transaction 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 sale, the vice president directly owned 22,818 shares in the company, valued at $7,328,685.24. This represents a 26.32% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 275,020 shares of company stock valued at $86,414,503. 1.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GD has been the subject of several recent research reports. Barclays boosted their price objective on General Dynamics from $285.00 to $350.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Wolfe Research upgraded General Dynamics from a "peer perform" rating to an "outperform" rating and set a $360.00 target price on the stock in a report on Thursday, July 24th. JPMorgan Chase & Co. raised their price objective on General Dynamics from $284.00 to $345.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft raised shares of General Dynamics from a "hold" rating to a "buy" rating and upped their target price for the stock from $298.00 to $342.00 in a research report on Tuesday, July 8th. Finally, Citigroup upped their price target on General Dynamics from $348.00 to $368.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Nine investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $315.78.

General Dynamics Price Performance

GD stock traded down $1.04 during mid-day trading on Monday, hitting $323.05. The company had a trading volume of 1,354,933 shares, compared to its average volume of 913,739. The company has a 50-day moving average price of $316.73 and a 200 day moving average price of $290.21. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $330.18. The company has a market capitalization of $86.90 billion, a price-to-earnings ratio of 21.68, a P/E/G ratio of 1.99 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 (NYSE:GD - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $12.13 billion. During the same quarter last year, the firm earned $3.26 EPS. The firm's revenue for the quarter was up 8.9% compared to the same quarter last year. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, research 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. Investors of record on Friday, October 10th will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, October 10th. General Dynamics's dividend payout ratio (DPR) is presently 40.27%.

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.