General Dynamics Corporation $GD Shares Purchased by RKL Wealth Management LLC

RKL Wealth Management LLC grew its stake in shares of General Dynamics Corporation (NYSE:GD) by 2.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,689 shares of the aerospace company’s stock after acquiring an additional 177 shares during the quarter. RKL Wealth Management LLC’s holdings in General Dynamics were worth $2,243,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of GD. Inlight Wealth Management LLC purchased a new stake in shares of General Dynamics during the 1st quarter valued at $26,000. Smallwood Wealth Investment Management LLC acquired a new position in General Dynamics in the first quarter valued at $27,000. Quarry LP grew its position in General Dynamics by 783.3% during the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 94 shares during the period. Perkins Coie Trust Co increased its stake in General Dynamics by 80.0% during the first quarter. Perkins Coie Trust Co now owns 117 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 52 shares during the last quarter. Finally, Abound Financial LLC purchased a new position in shares of General Dynamics in the 1st quarter worth about $32,000. 86.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GD shares. UBS Group boosted their target price on General Dynamics from $309.00 to $333.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Seaport Res Ptn upgraded shares of General Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft raised shares of General Dynamics from a “hold” rating to a “buy” rating and raised their target price for the company from $298.00 to $342.00 in a research note on Tuesday, July 8th. Jefferies Financial Group set a $325.00 target price on shares of General Dynamics and gave the company a “hold” rating in a report on Wednesday, July 9th. Finally, Citigroup increased their price target on General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, General Dynamics presently has a consensus rating of “Hold” and a consensus price target of $315.78.

General Dynamics Stock Performance

General Dynamics stock opened at $340.96 on Thursday. General Dynamics Corporation has a 12-month low of $239.20 and a 12-month high of $341.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. The company has a market capitalization of $91.71 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 2.09 and a beta of 0.47. The firm’s fifty day moving average price is $320.78 and its 200 day moving average price is $293.08.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.27. The firm had revenue of $13.04 billion during the quarter, compared to analyst estimates of $12.13 billion. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.General Dynamics’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, research analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current fiscal 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 paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, October 10th. General Dynamics’s dividend payout ratio is presently 40.27%.

Insiders Place Their Bets

In other General Dynamics news, VP William A. Moss sold 17,700 shares of General Dynamics stock in a transaction on 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the vice president owned 22,818 shares in the company, valued at approximately $7,328,685.24. This represents a 26.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 275,020 shares of company stock worth $86,414,503. 1.50% of the stock is owned by company insiders.

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.