General Dynamics Corporation $GD Shares Bought by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC raised its position in General Dynamics Corporation (NYSE:GD) by 27.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,450 shares of the aerospace company’s stock after acquiring an additional 1,184 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in General Dynamics were worth $1,590,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Inlight Wealth Management LLC acquired a new stake in shares of General Dynamics during the first quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC acquired a new position in General Dynamics in the first quarter worth $27,000. Quarry LP boosted its holdings in General Dynamics by 783.3% in the first quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 94 shares during the period. Perkins Coie Trust Co boosted its holdings in General Dynamics by 80.0% in the first quarter. Perkins Coie Trust Co now owns 117 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 52 shares during the period. Finally, Abound Financial LLC acquired a new position in General Dynamics in the first quarter worth $32,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insiders Place Their Bets

In related news, Director Mark Malcolm sold 3,220 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $329.45, for a total value of $1,060,829.00. Following the completion of the sale, the director owned 10,186 shares of the company’s stock, valued at $3,355,777.70. This represents a 24.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Phebe N. Novakovic sold 129,090 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 769,607 shares of the company’s stock, valued at $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. Over the last ninety days, insiders have sold 275,020 shares of company stock valued at $86,414,503. Corporate insiders own 1.50% of the company’s stock.

General Dynamics Stock Performance

GD stock opened at $343.76 on Friday. The company has a market capitalization of $92.47 billion, a P/E ratio of 23.07, a PEG ratio of 2.09 and a beta of 0.47. The company has a 50-day simple moving average of $321.91 and a 200 day simple moving average of $294.12. General Dynamics Corporation has a fifty-two week low of $239.20 and a fifty-two week high of $345.22. 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) last posted its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.27. The business 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.26 earnings per share. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. Sell-side analysts predict that General Dynamics Corporation will post 14.83 earnings per share 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 issued a $1.50 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $6.00 annualized dividend and a yield of 1.7%. General Dynamics’s dividend payout ratio is presently 40.27%.

Analyst Ratings Changes

A number of equities analysts have commented on GD shares. Deutsche Bank Aktiengesellschaft raised shares of General Dynamics from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $298.00 to $342.00 in a report on Tuesday, July 8th. Jefferies Financial Group set a $325.00 price objective on shares of General Dynamics and gave the stock a “hold” rating in a report on Wednesday, July 9th. 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 report on Thursday, July 24th. TD Cowen boosted their price target on shares of General Dynamics from $290.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, June 25th. Finally, UBS Group boosted their price target on shares of General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, General Dynamics presently has a consensus rating of “Hold” and an average price target of $315.78.

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.