Widmann Financial Services Inc. Has $514,000 Position in General Dynamics Corporation $GD

Key Points

• Widmann Financial Services Inc. increased its holdings in General Dynamics Corporation by 127.3%, owning a total of 1,887 shares valued at approximately $514,000.
• Other institutional investors have also significantly increased their stakes, with GAMMA Investing LLC raising its stake by 34,578.2% to own 1,244,600 shares worth $339 million.
• General Dynamics reported an earnings per share (EPS) of $3.74 for the last quarter, exceeding analysts' estimates and showing an 8.9% revenue increase year-over-year.

Widmann Financial Services Inc. raised its stake in General Dynamics Corporation (NYSE:GD - Free Report) by 127.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,887 shares of the aerospace company's stock after buying an additional 1,057 shares during the quarter. Widmann Financial Services Inc.'s holdings in General Dynamics were worth $514,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of GD. Brighton Jones LLC lifted its stake in General Dynamics by 16.9% in the fourth quarter. Brighton Jones LLC now owns 2,885 shares of the aerospace company's stock valued at $760,000 after buying an additional 417 shares in the last quarter. Jump Financial LLC bought a new position in General Dynamics in the fourth quarter valued at approximately $209,000. Integrated Wealth Concepts LLC lifted its stake in General Dynamics by 0.9% in the fourth quarter. Integrated Wealth Concepts LLC now owns 9,564 shares of the aerospace company's stock valued at $2,520,000 after buying an additional 83 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of General Dynamics by 1.1% in the fourth quarter. Voya Investment Management LLC now owns 93,845 shares of the aerospace company's stock worth $24,727,000 after purchasing an additional 1,037 shares in the last quarter. Finally, Nebula Research & Development LLC bought a new stake in shares of General Dynamics in the fourth quarter worth $1,329,000. Institutional investors own 86.14% of the company's stock.

Insider Buying and Selling at General Dynamics

In other news, VP William A. Moss sold 17,700 shares of the stock in a transaction dated 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 completion of the transaction, the vice president owned 16,627 shares of the company's stock, valued at approximately $5,260,782.80. This represents a 51.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark Malcolm sold 1,210 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $319.04, for a total transaction of $386,038.40. Following the completion of the transaction, the director directly owned 10,186 shares of the company's stock, valued at $3,249,741.44. This trade represents a 10.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 458,260 shares of company stock worth $138,125,545 in the last three months. Company insiders own 1.50% of the company's stock.

General Dynamics Stock Performance

Shares of General Dynamics stock traded down $0.52 during trading on Thursday, reaching $324.94. The company's stock had a trading volume of 801,147 shares, compared to its average volume of 930,762. The business's 50-day moving average price is $305.13 and its 200-day moving average price is $280.58. The firm has a market cap of $87.40 billion, a PE ratio of 21.81, a P/E/G ratio of 2.00 and a beta of 0.48. General Dynamics Corporation has a 52 week low of $239.20 and a 52 week high of $326.03. 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 earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (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 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 quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Equities analysts forecast that General Dynamics Corporation will post 14.83 earnings per share for the current year.

General Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given a dividend of $1.50 per share. The ex-dividend date is Friday, October 10th. This represents a $6.00 annualized dividend and a dividend yield of 1.8%. General Dynamics's dividend payout ratio (DPR) is currently 40.27%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Robert W. Baird boosted their price objective on shares of General Dynamics from $283.00 to $350.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Barclays boosted 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. JPMorgan Chase & Co. boosted 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. Argus set a $295.00 price objective on shares of General Dynamics in a research report on Tuesday, May 6th. Finally, Wolfe Research raised 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 report on Thursday, July 24th. Nine investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock 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.