Fairvoy Private Wealth LLC Has $3.83 Million Stock Position in General Dynamics Corporation $GD

Fairvoy Private Wealth LLC increased its stake in shares of General Dynamics Corporation (NYSE:GD) by 2.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 13,123 shares of the aerospace company’s stock after buying an additional 255 shares during the period. Fairvoy Private Wealth LLC’s holdings in General Dynamics were worth $3,827,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in General Dynamics by 4.9% during the 1st quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock valued at $1,499,819,000 after purchasing an additional 256,687 shares during the period. Ameriprise Financial Inc. lifted its position in General Dynamics by 34.8% during the 1st quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock valued at $749,252,000 after purchasing an additional 709,782 shares during the period. Charles Schwab Investment Management Inc. lifted its position in General Dynamics by 0.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,582,388 shares of the aerospace company’s stock valued at $431,327,000 after purchasing an additional 5,313 shares during the period. Boston Partners lifted its position in General Dynamics by 7.9% during the 1st quarter. Boston Partners now owns 1,296,497 shares of the aerospace company’s stock valued at $353,558,000 after purchasing an additional 94,537 shares during the period. Finally, Deutsche Bank AG lifted its position in General Dynamics by 120.9% during the 1st quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company’s stock valued at $343,866,000 after purchasing an additional 690,349 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insiders Place Their Bets

In other General Dynamics news, EVP Mark Lagrand Burns sold 43,860 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $312.28, for a total transaction of $13,696,600.80. Following the completion of the transaction, the executive vice president owned 39,875 shares of the company’s stock, valued at $12,452,165. This represents a 52.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Christopher J. Brady sold 8,150 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $321.18, for a total value of $2,617,617.00. Following the transaction, the vice president directly owned 22,818 shares of the company’s stock, valued at approximately $7,328,685.24. This trade represents a 26.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold 275,020 shares of company stock worth $86,414,503 in the last three months. 1.50% of the stock is owned by corporate insiders.

General Dynamics Price Performance

Shares of GD opened at $343.76 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 1.36. The stock 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 52-week low of $239.20 and a 52-week high of $345.22. The firm has a market capitalization of $92.47 billion, a PE ratio of 23.07, a P/E/G ratio of 2.09 and a beta of 0.47.

General Dynamics (NYSE:GD) last issued its quarterly earnings data on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.47 by $0.27. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The business had revenue of $13.04 billion during the quarter, compared to analyst estimates of $12.13 billion. During the same period in the previous year, the firm earned $3.26 EPS. General Dynamics’s quarterly revenue 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. Sell-side analysts predict that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Dividend Announcement

The firm 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. The ex-dividend date is Friday, October 10th. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. General Dynamics’s payout ratio is currently 40.27%.

Analyst Ratings Changes

GD has been the topic of a number of research reports. Robert W. Baird upped their target price on shares of General Dynamics from $283.00 to $350.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Sanford C. Bernstein set a $314.00 price target on General Dynamics and gave the company a “market perform” rating in a research note on Monday, July 14th. Deutsche Bank Aktiengesellschaft raised General Dynamics from a “hold” rating to a “buy” rating and upped their price target for the company from $298.00 to $342.00 in a research note on Tuesday, July 8th. Wolfe Research raised General Dynamics from a “peer perform” rating to an “outperform” rating and set a $360.00 price target for the company in a research note on Thursday, July 24th. Finally, TD Cowen upped their price target on General Dynamics from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock 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.